On these pages, you have the condensed financial statement of your cooperative, giving you a breakdown of Marshall-DeKalb’s operations during the fiscal year ending June 30, 2025.
Electricity sales increased from $58,381,215 last year to $62,891,371 this fiscal year, and our cost of purchased power from TVA increased from $41,149,687 to $44,625,339. In other words, 71 percent of the money you paid in your electric bills went to TVA to buy wholesale power.
Thus, Marshall-DeKalb EC continually fights the battle of trying to keep rates as low as possible while making sure that our system which stretches into three counties, is kept in the best shape possible to provide our consumer-members with all the power they need, when and where they need it.
Maintenance continues to be a significant factor as we expand and upgrade our electrical distribution system to meet the growth demands and keep our emphasis on dependable service to our consumer-members.
Also, we will continue our tree trimming and right-of-way clearance efforts as we strive to do everything possible to give you the best service we can.
And, of course, we have to continually plan ahead to be able to meet the growth demands, as electricity use continues to rise across our service area. We have many projects ongoing and are planning many more in the months ahead to be able to better serve our consumer-members.
Condensed Financial Statement
Fiscal Year Ending June 30, 2025
OPERATING REVENUES
Electricity Energy Sales....................... 62,891,371
Rent from Electric Property................... 1,154,091
Miscellaneous Electric Revenue.............. 703,330
TOTAL OPERATING REVENUE......... 64,748,792
Purchased Power................................. 44,625,339
Distribution Operating Expense.............. 2,266,079
Distribution Maintenance Expense.......... 2,152,980
Consumer Accounts Expense................. 1,754,250
Administration & General Expense.......... 3,214,007
TOTAL OPERATING EXPENSES.......... 54,012,655
OTHER OPERATING EXPENSES
Depreciation.............................................. 4,159,813
Taxes and Tax Equivalents........................ 3,233,384
TTL OPERATING REV. DEDUCTIONS... 61,405,851
ELECTRIC OPERATING INCOME............ 3,338,939
OTHER INCOME........................................... 252,349
NET INCOME BEFORE INT. EXPENSE.... 3,586,288
LESS INTEREST EXPENSE....................... (730,269)
***NET INCOME** ..................................... 2,856,019
ASSETS
Electric Plant........................................... 131,891,095
-Less Accumulated Depreciation............. (33,612,581)
.................................................................. 98,278,514
Current Assets........................................... 11,700,871
Deferred Items....................................................... 308
LIABILITIES
Member Fees & Capital Contributions............ 244,180
Earnings Reinvested in System................. 72,706,317
Accrued Long-Term Sick Leave...................... 665,079
Advanced TVA for Conservation Loans................. 729
Current and Accrued Liabilities.................. 36,363,387
TOTAL ASSETS....................................... 109,979,693
TOTAL LIABILITIES AND CAPITAL......... 109,979,692
** It is significant to note that this is money reinvested in the system for electric improvements and expansion for the benefit of our consumer-members.
