Broad River Electric Cooperative, Inc. Balance Sheet as of Dec. 31, 2024
Because Broad River Electric is owned by its members, the cooperative annually releases to the membership a summary report of its finances. As a not-for-profit cooperative, revenue in excess of expenses is returned to members in the form of capital credits. This financial statement for the fiscal year 2024 is approved and presented by the Broad River Electric Board of Trustees.
STATEMENT OF OPERATIONS FOR YEAR END 2024
Operating Revenue $60,384,581
Power Cost (37,294,379)
Operating Expenses (13,598,481)
Depreciation (4,622,242)
Interest Expense (2,680,378)
Non-operating Margins 838,649
NET MARGINS $3,027,750
ASSETS
Net Utility Plant $138,416,254
Other Property and Investments 8,152,435
Current and Accrued Assets 17,248,614
Deferred Debits 2,882,002
TOTAL ASSETS $166,699,305
EQUITY AND LIABILITIES
Equity $50,378,892
Long-term Debt 86,965,279
Non-current Liabilities 4,150,732
Current Liabilities 21,954,402
Deferred Credits 3,250,000
TOTAL EQUITY AND LIABILITIES $166,699,305
Where your money goes
As members of Broad River Electric Cooperative, you have the right to know how your money is spent. The graphic below (and the text below the graphic) provide a comprehensive costs breakdown of purchasing and delivering power to our members.
- Cost of purchased power - 61.8%
- Depreciation - 7.7%
- Administration and general - 5.7%
- Property and other taxes - 5.6%
- Distribution expenses: maintenance and operations - 4.9%
- Interest expense - 4.4%
- Operating margins - 3.6%
- Customer service and accounts expense - 3.6%
- Right of way clearing - 2.7%