NLI: Northern Lights, Inc. > Carousel > 2020 Annual Report

2020 Annual Report

hydro damFinancial information presented herein was compiled from complete financial statements audited by the firm of Moss Adams LLP, Certified Public Accountants, Portland, Oregon, who expressed their unmodified opinion on the fairness of the statements. Copies of the complete statements, together with the auditors’ report, may be examined at the cooperative’s business office.

Mike Dolan
Secretary/Treasurer

  • New services connected in 2020: 607
  • Total services in place: 21,107
  • Average services per mile: 7.51

Statement of Revenue & Expenses

Operating Expenses 2020
Operating Revenues and Patronage Capital $36,150,845
Cost of purchased power 13,785,464
Power production expense 217,838
Transmission-maintenance 14,367
Distribution-operation 1,947,571
Distribution-maintenance 6,255,397
Consumer accounts 1,281,355
Sales and rebates 261,306
Administration and general 3,271,713
Depreciation and amortization 3,337,400
Taxes 859,777
Interest 1,498,852
Other 33,547
Total operating expense 32,764,586
Non-Operating Margins 2020
Net operating margins 3,386,259
Interest income 44,411
Other 790,484
Total nonoperating margins 834,895
Net Margins $4,221,153

Balance Sheet

Assets and Other Debits

Utility Plant at Cost 2020
Electric plant in service $146,704,470
Construction in progress 155,799
Total 146,860,269
Less: Accumulated depreciation 63,903,712
Net utility plant 82,956,557
Other Assets and Investments NA
Investments in associated organizations 5,577,939
Current Assets NA
Cash-general funds 2,501,201
Accounts receivable 4,553,408
Materials and supplies 984,253
Other current and accrued assets 120,252
Deferred Charges 175,822
Total Assets $96,869,432
Equities and Margins 2020
Memberships $163,377
Patronage capital 43,104,616
Other equities 9,465,178
Total 52,733,171
Noncurrent Liabilities NA
Postretirement obligation 3,085,016
Cooperative Finance Corp. notes 30,510,597
Total 33,595,613
Current Liabilities NA
Current maturities of long-term debt 2,868,036
Line of credit 3,500,000
Accounts payable 2,018,257
Consumer deposits 197,426
Other current liabilities 1,902,959
Total 10,486,678
Deferred Credits 53,970
Total Liabilities and Equities $96,869,432

2020 Directors’ Stipend

  1. District MapMike Dolan — Priest Lake — ID 208-610-3853 — $21,600
  2. Jill Vandegrift — Noxon, MT — ID 406-298-5822 — $9,000
  3. Dr. Steve Elgar — Sandpoint — ID 208-610-2999 — $28,800
  4. Dave Pemberton Careywood — ID 208-661-5911 — $21,600
  5. Kennon McClintock Moyie Springs — ID 208-267-7064 — $21,600
  6. Dave Anderson Bonners Ferry — ID 208-610-8021 — $21,600
  7. James Woodward Sagle — ID 208-946-7963 — $21,600