Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | BRUCE MUELLER (GM), MARY LOONEY (ASST GM), DAN BONINE AND CHARLES AYERS (TRUSTEE) ALL SERVE ON THE BOARD OF SUNFLOWER ELECTRIC POWER CORPORATION AT THE REQUEST OF AND FOR THE BENEFIT OF THE COOPERATIVE. |
| FORM 990, PART VI, SECTION A, LINE 4 | THE FOLLOWING SECTION OF THE BYLAWS WAS AMENDED TO STATE: ARTICLE 4, TRUSTEES, SECTION 2: ELECTION AND TENURE OF OFFICE TRUSTEES SHALL BE ELECTED BY SECRET BALLOT AT EACH ANNUAL MEETING OF THE MEMBERS, AND SHALL BE ELECTED FOR A THREE YEAR TERM. MEMBERS OF THE BOARD OF TRUSTEES SHALL NOT SERVE MORE THAN SIX, THREE YEAR TERMS BEGINNING FROM AND AFTER ADOPTION OF THIS BYLAW BY THE MEMBERSHIP AT AN ANNUAL MEETING. TRUSTEES SHALL BE ELECTED BY A PLUARLITY VOTE OF THOSE MEMBERS CASTING SECRET BALLOTS AT A DULY CONVENED ANNUAL MEETING OF MEMBERS. IF AN ELECTION OF THE TRUSTEES SHALL NOT BE HELD ON THE DAY DESIGNATED HERIN FOR THE ANNUAL MEETING, OR ANY ADJOURNMENT THEREOF, A SPECIAL MEETING OF THE MEMBERS SHALL BE HELD FOR THE PURPOSE OF ELECTING TRUSTEES WITHIN A REASONABLE TIME THEREAFTER. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE COOPERATIVE WAS FORMED BY THE MEMBERS TO PROVIDE ELECTRIC SERVICE AT COST ON A COOPERATIVE BASIS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS OF THE COOPERATIVE VOTE ON THE BOARD OF DIRECTORS. ELECTIONS ARE DONE ON A ONE MEMBER ONE VOTE BASIS. BOARD CONSISTS OF 12 DIRECTORS WHO ARE ELECTED BY THE MEMBERSHIP. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE FOLLOWING ACTS REQUIRE APPROVAL OF THE MEMBERS OF THE COOPERATIVE. 1. DISSOLUTION/LIQUIDATION OF THE COOPERATIVE; 2. MERGER OR CONSOLIDATION WITH ANOTHER COOPERATIVE ORGANIZATION; 3. DISPOSAL OF A SUBSTANTIAL PORTION OF THE COOPERATIVE'S ASSETS; AND 4. AMENDMENT TO THE ARTICLES OF INCORPORATION. 5. AMENDMENT TO THE BYLAWS. |
| FORM 990, PART VI, SECTION B, LINE 11 | MANAGEMENT AND PAID PREPARER REVIEW DRAFTS OF FORM 990 PRIOR TO E-FILING. BOARD REVIEWS ANNUAL FILINGS AT MONTHLY MEETINGS. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF DIRECTORS ANNUALLY REVIEW AND EVALUATE THE CEO'S PERFORMANCE AND ESTABLISH A COMPENSATION LEVEL FOR THE CEO. CEO REVIEWS AND EVALUATES PERFORMANCE OF ALL OTHER STAFF AND ESTABLISHES COMPENSTION LEVELS FOR THOSE STAFF IN ACCORDANCE WITH BUDGETED AMOUNTS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST |
| FORM 990, PART IX | THE ACCOUNTING RECORDS OF THE COOPERATIVE ARE MAINTAINED IN ACCORDANCE WITH THE RUS UNIFORM SYSTEM OF ACCOUNTS AS PRESCRIBED FOR ELECTRIC BORROWERS OF THE RURAL UTILITIES SERVICE(RUS). THE UNIFORM SYSTEM OF ACCOUNTING DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1 - 23. THE COOPERATIVE SEPARATELY REPORTS SALARIES AND WAGES, EMPLOYEE BENEFITS AND PAYROLL TAXES THAT ARE ALLOCATED IN ACCORDANCE WITH THEIR ACCOUNTING SYSTEM, BUT OTHER EXPENSES THAT ARE DESCRIBED IN LINES 1 - 23 ARE REPORTED ON LINE 24 UNDER THE EXPENSE CATEGORIES REQUIRED BY THE UNIFORM SYSTEM OF ACCOUNTS. |
| FORM 990, PART IX, LINES 5-7 | SALARIES AND WAGES ARE ALLOCATED TO ASSET, LIABILITY, AND EXPENSE ACCOUNTS BASED ON THE ACCOUNTING SYSTEM DESCRIBED ABOVE. THE FOLLOWING SCHEDULE RECONCILES AMOUNTS REPORTED ON LINES 5-7 TO TOTAL WAGES ACCRUED AND/OR PAID: TOTAL PER LINES 5-7 $ 7,713,299 LESS DIRECTORS FEES REPORTED ON 1099-MISC (326,539) LESS EMPLOYEE OFFICER BENEFITS INCLUDED IN LINE 5 (315,386) LESS KEY EMPLOYEE BENEFITS INCLUDED IN LINE 5 (423,110) PLUS SALARIES AND WAGES ALLOCATED TO NONOPERATING MARGINS 139,914 PLUS SALARIES AND WAGES CAPITALIZED DIRECTLY TO PLANT 3,025,348 PLUS SALARIES AND WAGES CAPITALIZED/EXPENSED IDIRECTLY THROUGH CLEARING & OTHER ACCOUNTS 2,094,498 TOTAL WAGES ACCRUED AND OR PAID $11,908,024 |
| FORM 990, PART IX, LINE 24 | ADMINISTRATIVE AND GENERAL EXPENSE IS COMPRISED OF THE FOLLOWING: OFFICE AND SUPPLIES $ 1,368,266 COMPUTER EXPENSE 1,121,440 OUTSIDE SERVICES EMPLOYED 612,857 OTHER INSURANCE 379,547 REGULATORY COMMISSION EXPENSE 19,671 DIRECTORS' FEES AND EXPENSE 84,524 MISCELLANEOUS GENERAL EXPENSE 134,477 MAINTENANCE OF GENERAL PLANT 289,656 TOTAL ADMINISTRATIVE AND GENERAL EXPENSE PER 990 $ 4,010,438 |
| FORM 990, PART IX, LINE 4 | PURSUANT TO THE FORM 990 INSTRUCTIONS, THE AMOUNT OF PATRONAGE DIVIDENDS PAID TO THE PATRONS SHOULD BE REPORTED ON PART IX, LINE 4. THE PHRASE "PATRONAGE DIVIDENDS PAID" REFERS TO THE PROCESS, SUBSEQUENT TO YEAR-END, BY WHICH THE COOPERATIVE ALLOCATES PATRONAGE CAPITAL TO AND, THEREFORE, OPERATES AT COST WITH ITS PATRONS. |
| FORM 990, PART X, LINES 17 AND 25 | THE COOPERATIVE PREVIOUSLY INCLUDED ACCRUED EXPENSES, COMPRISED OF (1)ACCRUED COMPENSATED ABSENCES AND (2) ACCRUED INTEREST, AS COMPONENTS OF OTHER LIABILITIES ON LINE 25 OF PART X. HOWEVER, FOR THE 2015 CALENDAR YEAR, THE COOPERATIVE BEGAN REPORTING THESE AMOUNTS ON LINE 17 IN ACCORDANCE WITH FORM 99O INSTRUCTIONS. TO INCREASE CONSISTENCY, THE TOTAL AMOUNT OF $4,177,569 FOR THESE ACCRUED EXPENSES FOR THE 2014 CALENDAR YEAR HAVE BEEN RECLASSIFIED FROM LINE 25 TO LINE 17. |
| FORM 990, PART XI, LINE 9: | DONATED CAPITAL -2,137. PATRONAGE CAPITAL ASSIGNED 1,777,369. PATRONAGE CAPITAL RETIRED -38,746. |
| FORM 990, PART XII, LINE 2C | THE BOARD OF DIRECTORS HAVE ASSIGNED MEMBERS TO AN AUDIT COMMITTEE TO OVERSEE THE FINANCIAL STATEMENT AUDIT AND SELECT THE INDEPENDENT FINANCIAL STATEMENT AUDITOR. PROCEDURAL CHANGES DID NOT OCCUR DURING THE YEAR. |
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