NLI: Northern Lights, Inc. > Inside Ruralite > NLI 2019 Annual Report

NLI 2019 Annual Report

Statement Of Revenue & Expenses

	2019
Operating Revenues and Patronage Capital	$35,457,278
Operating Expenses
Cost of purchased power (1)	14,153,258
Power production expense (1)	285,550
Transmission-maintenance (2)	13,268
Distribution-operation (2)	1,815,939
Distribution-maintenance (2)	5,077,551
Consumer accounts (6)	1,321,935
Sales and rebates (6)	193,309
Administration and general (4)	3,234,680
Depreciation and amortization (3)	3,332,019
Taxes (7)	839,268
Interest (5)	1,638,335
Other	31,102
Total operating expense	31,936,214

Net operating margins (8)	3,521,064

Non-Operating Margins
Interest income	44,381
Other	951,231
Total non-operating margins	995,612

Net Margins	$4,516,676

Uses of Operating Revenue Pie Chart. 1 Power costs: 41%. 2 Plant maintenance: 20%. 3 Depreciation: 9%. 4 Administration: 9%. 5 Financing: 5% .6 Member service: 4% .7 Taxes: 2%. 8 Operating margins: 10%.

Balance Sheet
Assets and Other Debits

	2019		2019
Utility Plant At Cost		Equities and Margins
Electric plant in service	$142,526,539	Memberships	$163,377
Construction in progress	1,298,455	Patronage capital	41,331,537
	143,824,994	Other equities	8,165,050
			49,659,964
Less: Accumulated depreciation	60,927,807
Net utility plant	82,897,187	Noncurrent Liabilities
		Postretirement obligation	3,142,440
Other Assets And Investments		Cooperative Finance Corp. notes	33,406,268
Investments in associated organizations	5,393,244		36,548,708

		Current Liabilities
Current Assets		Current maturities of long-term debt	2,709,818
Cash-general funds	1,337,692	Line of credit	2,500,000
Accounts receivable	4,461,761	Accounts payable	2,076,649
Materials and supplies	1,282,424	Consumer deposits	211,998
Other current and accrued assets	117,314	Other current liabilities	1,940,784
			9,439,249

Deferred Charges	201,705	Deferred Credits	43,406
Total Assets	$95,691,327	Total Liabilities and Equities	$95,691,327

Northern Lights
The Power of Local Service

2019 Director’s Stipend
1. Mike Dolan Priest Lake, ID (208) 610-3853	$21,600
2. Judith Simonson Noxon, MT (406) 847-2643 *Insurance (grandfathered in)	$28,353*
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) 267-7604	$21,600
6. Dave Anderson Bonners Ferry, ID (208) 610-8021	$21,600
7. James Woodward Sagle, ID (208) 946-7963	$21,600

New Services
Connected in 2019	414
Total services in place	20,528
Average services per mile	7.44

District map Financial 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.