USDA RUS BORROWER DESIGNATION I FINANCIAL … financial and statistical report jstructions - see rus bulletin 77778-2 assets and other debits borrower disgnation arkansas-23-mississippi

USDA - RUS r FINANCIAL AND STATISTICAL REPORT I

BORROWER DESIGNATION Arkansas-23-Mississippi

BORROWER NAME AND ADDRESS

Mississippi County Electric Cooperative, Inc. P.O. Box 7 Blvtheville. AR 72316-0007

INSTRUCTIONS- Submil and onginal and two copies to RUS Round all amounts to nearest dollar For detailed instructions. see RUS Bulletin 17178-2

PERIOD ENDED January 31,2003

I - ~ ~~-~

Y EAR-TO-DATE ~~

THIS MONTH

I 5. Distribution ExDense - Operation I 22.501.88 I 42.114.93 I 23.065.00 I 42.114.9:

ITEM

1. Operating Revenue and Patronage Capital 2. Power Production Expense 3. Cost of Purchased Power 4. Transmission Emense

LAST YEAR THIS YEAR BUDGET

(a) (b) (cl (d) 6,883,282.40 7,953.489.89 6,886,413.00 7,953.489.8!

6,492,120.68 7,629,186.28 6,486,620.00 7,629,186.2E

6. Distirbution Expense - Maintenance 7. Consumer Accounts Expense 8. Customer Service and Information ExDense

42,658.63 40,992.54 36,876.00 40,992.54 32,069.00 34,945.90 32,766.00 34,945.9c 1.960.60 2.085.29 2.008.00 2.085.2s

9. Sales Expense 10. Administrative and General Expense 11. Total Operation & Maintenance Expesne (2 thur 70)

?. Depreciation and Amorization Expense

94,353.98 77,662.70 91,911.00 77,662.7C 6,685,664.77 7,826,987.64 6,673,246.00 7,826,987.64

56,036.65 57,597.74 57,597.00 57.597.74

1. New Serviced Connected

2. Serviced Retired

3. Total Serviced in Place

4. (Exclude Seasonal) Idle Services

16 7 5. Miles Transmission 1.29 1.29

10 7 6. Ovehead 534.83 536.46

5,363 5.404 7. Undemround 10.85 11.33

1,043 1,128 8. Enqerized /5+6+7) 546.97 549.08

Miles Distribution -


Total Miles

USDA-RUS BORROWER DlSGNATlON

PERIOD ENDED

13. Special Funds ......................................................... 199.171.97 14. Total Other Property and Investments (6 fhru 73).. 26.332.222.27 15. Cash - General Funds ............................................ 121,292.06 16. Cash - Construction Funds - Trustee ......................

RUS USE ONLY

~

17. Special Deposits ..................................................... 18. Temporary Investments .......................................... 5,017,554.67 19. Notes Receivable (Net) ........................................... 2,157.26 20. Accounts Receivable - Sales of Energy (Net) ......... 21. Accounts Receivable - Other (Net) ......................... 22. Material and Supplies - Electric and Other ..............

7,944,547.10 ~~

(25,! 267.1

INSTRUCTIONS - See RUS Eu//efin 17178.2

3 . Prepayments ........................................................... 15,; &4. Other Current and Accrued Assets ........................ 60,! I 25. Total Current and Accrued Assets (15 thru 24) ..... 13,404,111.04

January 31,2003

557.63) 666.47 547.50 903.61

LIABILITIES AND OTHER CREDITS

30. Memberships ....................................................... 87,705.93 36.1 79,819.74

32. Operating Margins - Prior Years .......................... 127,638.73 33. Operating Margins - Current Year ........................ 31,530.24 34. Non-Operating Margins ....................................... 26,130.31 35. Other Margins and Equities 1,669,721.44 36. Total Margins & Equities (30 thru 35) .................. 38,122,546.39

5,381,921 .OO 37. Long-Term Debt - RUS (Net) ...............................

38. Long-Term Debt - RUS - Econ. Devel. (Net) ........ 39. Long-Term Debt - Other - RUS Guaranteed ........ 40. Long-Term Debt - Other (Net) ............................. 41. Total Long-Term Debt (37 thru 40) ...................... 42. Obligations Under Capital Leases ....................... 43. Accumulated Operating Provisions ..................... 44. Total Other Noncurrent Liabilities (42 + 43) .........

31. Patronage Capital ................................................

.................................

(Payments-Unapplied $ 1

1,941,508.42 7,323.429.42

1,173,379.21 1.173.379.21

45. Notes Payable ..................................................... 2,000,000.00 46. Accounts Payable ............................................... 7,678,808.95 47. Consumers Deposits ........................................... 178,769.64 48. Other Current and Accrued Liabilities .................. 520,248.74 49. Total Current & Accrued Liabilities (45 fhru 48).. 10,377,827.33 50. Deferred Credits ................................................. 1,843.94 51. Accumulated Deferred Income Taxes ................ 52. Total Liabilities and Othe Credits

ZSTIMATED CONTRIBUTIONS IN AID OF CONSTRUCTION 53. Balance Beginning of Year .................................. 54. Amount Received this Year (Net) ........................ 55. Total Contributions in Aid of Construction ............

(36 + 41 + 44 + 49 thru 51) ................................. 56,999,026.29

rNClAL STATEMENTS

26. Regulatory Assets .................................................. 27. Other Deferred Debits ............................................ I 28. Accumulated Deferred Income Taxes ....................

76,532.45

29. Total Assets and Other Debits (5+74+25 fhru 28)..

THIS SPACE BELOW IS PROVIDED FOR IMPORTANT NOTES REGARDING THE FINANCIAL STATEMENT CONTAILED IN THIS REPORT.

56,999,026.29 PART D. NOTES TO FII

QUS Form 7 (Rev. 12-93) Page 2 of 3 Pages

USDA - RUS

FINANCIAL AND STATISTICAL REPORT

INSTRUCTIONS- Submd and onginal and two copies lo RUS Round all amounts to nearest dollar For detailed instructions. see RUS Bulletin 171 78-2

ALL INSURANCE REQUIRED BY PART 1788 OF 7 CFR CHAPTER XVII, RUS, WAS IN FORCE DURING THE REPORTING

March 18,2003

March 18,2003

DATE

THIS MONTH


Mississippi County Electric Cooperative, Inc. P.O. Box 7 Blytheville, AR 72316-0007

February 28,2003


PERIOD ENDED

USDA-RUS BORROWER DISGNATION

PERIOD ENDED

1. 2. 3. 4. 5. E

RUS USE ONLY

Total Utility Plant in Service ..................................... Construction Work in Progress ................................ Total Utility Plant (7 + 2) .......................................... Accum. Provision for Depreciation and Amo rt ........ Net Utility Plant (3 - 4) ............................................. LE..- I ,.:I:,.. " -..-- A.. I&,..,\

ASSETS AND OTHER DEBITS

21,707,735.25 15,477.43

21,723,212.68 4,561,919.69

17,161,292.99


30. 31. 32. 33. 34. 9c u. ivuii-utility r iup i i y [ ivat] ...............

7. Investments in subsidiary companies ..................... 8. Invest. In Assoc. Org. - Patronage Capital ............. 24,866,494.30 9. Invest. In Assoc. Org. - Other - General Funds ......

I O . Invest. In Assoc. Org. - Other - Nongeneral Funds 11. Investments in Economic Development Projects ..... 12. Other Investments ................................................... 13. Special Funds ......................................................... 199.171.97 14. Total Other Property and Investments (6 thru 73).. 15. Cash - General Funds ............................................ 16. Cash - Construction Funds - Trustee ...................... 17. Special Deposits .....................................................

930,000.00 302,361.05

18. Temporary Investments .......................................... 2,476,087.54 19. Notes Receivable (Ne 2,157.26 20. Accounts Receivable 7.984.916.17 21. Accounts Receivable

' 3 . Prepayments ........................................................... t. Other Current and Accrued Assets ........................

22. Material and Supplies

I 25. Total Current and Accrued Assets (75 fhru 24) ..... . . 26. Regulatory Assets ........................... 27. Other Deferred Debits ............................................ 28. Accumulated Deferred Income Taxes .................... 29. Total Assets and Other Debits (5+74+25 fhru 28)..

77,556.05

54,744,776.83 PART D. NOTES TO

Memberships ....................................................... Patronage Capital ................................................

Operating Margins - Current Year ........................ Non-Operating Margins .......................................

Operating Margins - Prior Years ..........................

n+h-. LL~A- . . -..A c-, d d . "LIlGl Ivlclryllla a l l " L C ( " I L I G J ................................. I ,V"J. I L I .--I

36. Total Margins & Equities (30 thru 35) .................. 38,195,128.71 37. Long-Term Debt - RUS (Net) ...... 4,987,998.81

(Payments-Unapplied $ 37 ) 38. Long-Term Debt - RUS - Econ. Devel. (Net) ........ 39. Long-Term Debt - Other - RUS Guaranteed ........ 40. Long-Term Debt - Other (Net 1,941,508.42

6.929.507.23 41. Total Long-Term Debt (37th 42. Obligations Under Capital Leases .......................

44. Total Other Noncurrent Liabilities (42 + 43) ......... 45. Notes Payable .....................................................

43. Accumulated Operating Provisions ...

46. Accounts Payable ............................................... 7.692.763.59 47. Consumers Deposits ........................................... 48. Other Current and Accrued Liabilities .................. 49. Total Current & Accrued Liabilities (45 fhru 48).. 50. Deferred Credits ................................................. 51. Accumulated Deferred Income Taxes ...... 52. Total Liabilities and Othe Credits

ESTIMATED CONTRIBUTIONS IN AID OF CONSTRUCTION 53. Balance Beginning of Year ..................................

55. Total Contributions in Aid of Construction ............

(36 + 47 + 44 + 49 thru 57) ................................. 54,744,776.83

54. Amount Received this Year (Net) ........................

FINANCIAL STATEMENTS

87,680.93 36,179,819.74

127.638.73 81,797.83 48,470.04

I CEO 731 A A

. . (26,054.59) 268,515.37

9,248.25 25,489.71

1 1.207.900.47

1,175,105.73 1,175,105.73

181,155.14 569,272.49

8,443.191.22 1.843.94

USDA - RUS


INSTRUCTIONS- Submil and anginal and two copies to RUS Round a// amounts to nearest do/lar For detailed instrdions, see RUS Bul/e!in 171 78-2

BORROWER DESIGNATION

Arkansas-23-Mississippi


March 31,2003


PERIOD ENDED

ITEM


2. Serviced Retired



LAST YEAR THIS YEAR ITEM LAST YEAR THIS YEAR (a) (6) (a) (b)

31 22 5. Miles Transmission 1.29 1.29

22 20 6. Overhead 535.47 536.34

5,366 5,403 7. Underground 10.90 11.33

1,076 38 8. Enqerized (5+6+7) 547.66 548.96



Total Miles

USDA-RUS


JSTRUCTIONS - See RUS Bulletin 77778-2


BORROWER DISGNATION

Arkansas-23-Mississippi PERIOD ENDED RUS USE ONLY

March 31, 2003

1. Total Utility Plant in Service ..................................... 2. Construction Work in Progress ................................

21,736,056.69 19,520.79

3. Total Utility Plant (f + 2) ...................... . 21,755,577.48 4. Accum. Provision for Depreciation and 4,607.342.50 5. Net Utility Plant (3 - 4) ....................................... 17,148.234.98 6. Non-Utility Property (Net) ........................................ 7. Investments in subsidiary companies ..................... 8. Invest. In Assoc. Org. - Patronage Capital ............. 9. Invest. In Assoc. Org. - Other - General Funds ......

10. Invest. In Assoc. Org. - Other - Nongeneral Funds 11. Investments in Economic Development Projects ..... 12. Other Investments ...............................

24,866,494.30 930,000.00 300,761.72

13. Special Funds ......................................................... 100,271.97 14. Total Other Property and Investments (6 fhru 131.. 26,197,527.99 15. Cash - General Funds 170.358.29 ............................................ 16. Cash - Construction Funds - Trustee ...................... 17. Special Deposits ..................................................... 18. Temporary Investments .......................................... 2,959.919.51 19. Notes Receivable (Net) ........................................... 2,157.26 20. Accounts Receivable - Sales of Energy (Net) ......... 7,380,723.1 4 21. Accounts Receivable - Other (Net) ......................... (28,936.57) 22. Material and Supplies - Electric and Other .............. 260,899.79 1. Prepayments 2.949.00 ...........................................................

:4. Other Current and Accrued Assets ........................ !5. Total Current and Accrued Assets (15 thru 24) .....

32.158.34 10,780,228.76

!6. Regulatory Assets .................................................. !7. Other Deferred Debits ............................................ 85,019.25 !8. Accumulated Deferred Income Taxes .................... !9. Total Assets and Other Debits (5+14+25 fhru 28)..

PART D. NOTES TO Flb HIS SPACE BELOW IS PROVIDED FOR IMPORTANT NOTES REGARDIN

54,211,010.98

‘F ADDITIONAL SPACE IS NEEDED, USE SEPERATE SHEET.)


30. Memberships .............................. 87,410.93 31. Patronage Capital .......................................... 36,179,819.74 32. Operating Margins - Prior Ye 127,638.73 33. Operating Margins - Cu 157.948.57 34. Non-Operating Margins .................................. 72,537.43

1,669,721.44 35. Other Margins and Equ 36. Total Margins & Equitie ..... 38,295,076.84 37. Long-Term Debt - RUS 5,009.1 55.10

(Payments-Unapplied 38. Long-Term Debt - RUS - Econ. Devel. (Net).. 39. Long-Term Debt - Other - RUS Guaranteed ........ 40. Long-Term Debt - Other (Net) ............................. 41. Total Long-Term Debt (37 thru 40) ..............

1,927,432.24 6,936,587.34

42. Obligations Under Capital Leases ....................... 43. Accumulated Operating Provisions ..................... 1,176,932.25 44. Total Other Noncurrent Liabilities (42 + 43) ......... 1,176.932.25 45. Notes Payable ..................................................... 46. Accounts Payable 7,031,903.60 ............................................... 47. Consumers Deposits 180,812.64 48. Other Current and Accrued Liabilities .................. 587,854.37 49. Total Current & Accrued Liabilities (45 thru 48).. 7,800,570.61

1.843.94 50. Deferred Credits ................................................. 51. Accumulated Deferred Income Taxes ................ 52. Total Liabilities and Othe Credits

ESTIMATED CONTRIBUTIONS IN AID OF CONSTRUCTION 53. Balance Beginning of Year ..................................

...........................................

(36 + 41 + 44 + 49 fhru 51) ................................. 54,211,010.98

54. Amount Received this Year (Net) ........................ 55. Total Contributions in Aid of Construction ............ INCIAL STATEMENTS THE FINANCIAL STATEMENT CONTAILED IN THIS REPORT

!US Form 7 (Rev. 72-93) Page 2 of 3 Pages

,- --.

USDA - RUS


INSTRUCTIONS- Submil and onginal and two cop~es to RUS Round all amounts to nearest dollar For detailed InstructIOns, saa RUS Bulletin 171 78-2



April 30, 2003


PERIOD ENDED

May 14,2003 DATE

YEAR-TO-DATE ITEM LAST YEAR I THIS YEAR ITEM

YEAR-TO-DATE I THIS YEAR LAST YEAR

I fa) I (b) I I (4 I (b)


2. Serviced Retired



56 39 5. Miles Transmission 1.29 1.2 Miles Distribution -


Total Miles

30 29 6. Overhead 535.61 536.3

5,383 541 1 7. Underground 10.90 11.3

1,051 1,141 8. Enqerized (5+6+7) 547.80 548.9

USDA-RUS


INSTRUCTIONS - See RUS BuNefin 171 78-2

1. 2. 3. 4. 5.

8.

BORROWER DISGNATION


April 30, 2003


Total Utility Plant in Service. Construction Work in Progress Total Utility Plant (1 + 2) .......................................... Accum. Provision for Depreciation and Amort

Non-Utility Property (Net) Investments in subsidiary companies ..................... Invest. In Assoc. Ora. - Patronaae CaDital .............

.........................

Net Utility Plant (3 - 4) .................

21,768,689.16 20,657.35

21,789,346.53 4,654,660.70

17,134,685.83

24.865.206.81 - . . - . 9. Invest. In Assoc. Org. - Other - General Funds ......

10. Invest. In Assoc. Org. - Other - Nongeneral Funds 930,000.00 300,761.72 I

11. Investments in Economic Development Projects ..... 12. Other Investments ...................................................

14. Total Other Property and Investments (6 thru 13).. 15. Cash - General Funds ............................................ 16. Cash - Construction Funds - Trustee ...................... 17. Special Deposits ..................................................... 18. TemDorarv Investments ..........................................

13. Special Funds ......................................................... 100,296.97 26,196,265.50

82,402.68

3.1 81.934.99 . . I ,

19. Notes Receivable (Net) ........................................... 20. Accounts Receivable - Sales of Energy (Net) ......... 21. Accounts Receivable - Other (Net) ......................... 22. Material and Sumlies - Electric and Other ..............

2,157.26 7,735,781.96

(20,885.85) 259.485.63 . .

........................................................... \. Prepayments 66,413.1 7 38,462.65

11,345,752.49

89,834.1 0

54,766,537.92

~ 4 . Other Current and Accrued Assets ........................ 25. Total Current and Accrued Assets (75 thru 24) ..... 26. Regulatory Assets .................................................. 27. Other Deferred Debits ............................................ 28. Accumulated Deferred Income Taxes .................... 29. Total Assets and Other Debits (5+14+25 thru 28)..

PART D. NOTES TO FII THIS SPACE BELOW IS PROVIDED FOR IMPORTANT NOTES REGARDIN (IF ADDITIONAL SPACE IS NEEDED, USE SEPERATE SHEET.)


30. Memberships ....................................................... 87,335.93 31. Patronage Capital ................................................ 36,179,819.74

127,638.73 33. Operating Margins - Current Year ........................ 259,324 .O 1 34. Non-Operating Margins ....................................... 100,828.04

1,669.261.70 38,424,208.15 5,029,596.20

32. Operating Margins - Prior Years ..........................

35. Other Margins and Equities ................................. 36. Total Margins & Equities (30 thru 35) .................. 37. Lona-Term Debt - RUS (Net ). .............................. - I ,

(Payments-Unapplied $ 316,021.07 1 38. Lona-Term Debt - RUS - Econ. Devel. INet) ........ ~ ., ~ I ,

39. Long-Term Debt - Other - RUS Guaranteed ........ 1,927,432.24

41. Total Long-Term Debt (37 thru 40) ...................... 6,957,028.44

43. Accumulated Operating Provisions ..................... 1,178,683.77 44. Total Other Noncurrent Liabilities (42 + 43) ......... 1,178,683.77 45. Notes Payable ..................................................... 46. Accounts Payable ............................................... 7,418.243.24 47. Consumers Deposits ........................................... 178,873.64 48. Other Current and Accrued Liabilities .................. 607,656.74 49. Total Current & Accrued Liabilities (45 thru 48). 8,204,773.62 50. Deferred Credits ................................................. 1.843.94 51. Accumulated Deferred Income Taxes ................

.............. 40. Long-Term Debt - Other (Net)

42. Obligations Under Capital Leases .......................

52. Total Liabilities and Othe Credits

ESTIMATED CONTRIBUTIONS IN AID OF CONSTRUCTION (36 + 41 + 44 + 49 thru 51) ................................. 54,766,537.92

53. Balance Beginning of Year .................................. 54. Amount Received this Year (Net) ........................ . , 55. Total Contributions in Aid of Construction ............ 4NCIAL STATEMENTS THE FINANCIAL STATEMENT CONTAILED IN THIS REPORT.

I PUS Form 7 (Rev. 12-93) Page 2 of 3 Pages

- _- USDA - RUS r BORROWER DESIGNATION

Arkansas-23-Mississippi * BORROWER NAME AND ADDRESS

FINANCIAL AND STATISTICAL REPORT I I Mississippi County Electric Cooperative, Inc. P.O. Box 7

I Blytheville, AR 72316-0007 IPERIOD ENDED IINSTRUCTIONS- Submif and oMinal and hvo copies lo RUS. Round all amomfc to .. -. . . .- .- I May31,2003

. ~~ ~

nearest dollar. For detailed instructions. see RUS 5uNetin 171 75-2

CERTIFICATION We hereby certffy that the entries in this report are in accordance wifh the accounts and other records of the system and reflect the status of the system ot the best of our knowledge and belief. I

1788 OF 7 CFR CHAPTER XVII, RUS, WAS IN FORCE DURING THE REPORTING OBTAINED FOR ALL POLICIES.

June 13,2003 DATE

THIS MONTH

'EA Form 7 (Rev. 12-93) Page 1 of 3 Pages

USDA-RUS


INSTRUCTIONS - See RUS BuNefin 77778-2

r BORROWER DISGNATION


May 31,2003

ASSETS AND OTHER DEBITS LIABILITIES AND OTHER CREDITS

1. Total Utility Plant in Service ........................... 21,816.618.53 29,716.63

21,846,335.16 4,702,334.12

17,144,001.04

2. Construction Work in Progress ................................ 3. Total Utility Plant (7 + 2) .......................................... 4. Accum. Provision for Depreciation and Amort ........ 5. Net Utility Plant (3 - 4) ................................ 6. Non-Utility Property (Net) ............... 7. Investments in subsidiary compani 8. Invest. In Assoc. Org. - Patronage Capital ............. 24,865,206.81

930,000.00 300,761.72

9. Invest. In Assoc. Org. - Other - General Funds ...... 10. Invest. In Assoc. Org. - Other - Nongeneral Funds 11. Investments in Economic Development Projects ..... 12. Other Investments ................................................... 13. Special Funds ................................ 100,321.97 14. Total Other Property and lnvestme IU 13).. 26,196,290.50 15. Cash - General Funds ................... 487,294.1 0 16. Cash - ConstNction Funds - Trustee ...................... 17. Special Deposits ..................................................... 18. Temporary Investments .......................................... 2,967,245.03 19. Notes Receivable (Net) ........................................... 2,157.26 20. Accounts Receivable - Sales of Energy (Net) ......... 7.439.121.00 21. Accounts Receivable - Other (Net) ......................... (22,228.87) 22. Material and Supplies - Electric and Other.. 253,561.07

I. Prepayments ........................................................... 59,584.84 ~ 4 . Other Current and Accrued Assets ........................ 40,310.32

11,227.044.75 26. Regulatory Assets .................................................. 27. Other Deferred Debits ............................................ 93,586.39 28. Accumulated Deferred Income Taxes. 29. Total Assets and Other Debits (5+74+25 fhru 281.. 54,660,922.68

25. Total Current and Accrued Assets (75 fhru 24) .....

PART D. NOTES TO

87,280.93 30. Memberships .................... 31. Patronage Capital ...................................... 36,179,819.74 32. Operating Margins - Prior Years .......................... 127,638.73 33. Operating Margins - Current Year 589,070.78 34. Non-Operating Margins ....................................... 123,568.73 35. Other Margins and Equities 1.669.261.70 36. Total Margins & Equities (30 fhru 35) .................. 38.776.640.61 37. Long-Term Debt - RUS (Net) ............................... 5,051,884.98

(Payments-Unapplied $ 275,562.39 1 38. Long-Term Debt - RUS - Econ. Devel. (Net) ........ 39. Long-Term Debt - Other - RUS Guaranteed ........ 40. Long-Term Debt - Other (Net) ............................. 1,927,432.24 41. Total Long-Term Debt (37 fhru 40) ...................... 6,979,317.22 42. Obligations Under Capital Leases ....................... 43. Accumulated Operating Provisions ..................... 1,180,435.29 44. Total Other Noncurrent Liabilities (42 + 43) ......... 1,180,435.29 45. Notes Payable ..................................................... 46. Accounts Payable ............................................... 6,892,411.81 47. Consumers Deposits .......... 179.212.14 48. Other Current and Accrued Liabilities .................. 651.061.67 49. Total Current & Accrued Liabilities (45 fhru 48).. 7,722,685.62 50. Deferred Credits ................................................. 1,843.94 51. Accumulated Deferred Income Taxes ................ 52. Total Liabilities and Othe Credits

ESTIMATED CONTRIBUTIONS IN AID OF CONSTRUCTION

54. Amount Received this Year (Net) ........................ 55. Total Contributions in Aid of Construction ............

(36 + 41 + 44 + 49 thru 51) ................................. 54,660,922.68

53. Balance Beginning of Year .........................


USDA - RUS


INSTRUCTIONS- Submd and onginal and hvo copies to RUS Round a// amounts to nearest dollar For detailed instmcffons, see RUS 8ulletin 171 78-2

r / / u I



June 30,2003


PERIOD ENDED

1. New Serviced Connected 94 69 5. Miles Transmission 1.29 1.25

2. Serviced Retired 59 46 6. Overhead 536.56 536.6f Miles Distribution -

Miles Distribution - 3. Total Serviced in Place 5,392 5,424 7. Underground 10.90 I I .5:

Idle Services Total Miles , 4. (Exclude Seasonal) 1,014 1,084 8. Enqerized (5+6+7) 548.75 549.4t

F4 r;, USDA-RUS IBORROWER DlSGNATlON

28. Accumulated Deferred Income Taxes .................... 29. Total Assets and Other Debits (5+14+25 thru 28).. 54,589,796.15

PART D. NOTES TO FII

Arkansas-23-Mississippi RUS USE ONLY PERIOD ENDED I FINANCIAL AND STATISTICAL REPORT

55. Total Contributions in Aid of Construction ............ 4NCIAL STATEMENTS

I June 30,2003 ISTRUCTIONS - See RUS Bulletin 17178-2

PART C. BALANCE SHEET


1. Total Utility Plant in Service ......... ..... 21,887,295.65 2. Construction Work in Progress ..... 44,960.41

4. Accum. Provision for Depreciati 4,750,304.79 5. Net Utility Plant (3 - 4) ............................................. 17,181,951.27 6. Non-Utility Property (Net) ................................. 7. Investments in subsidiary companies .....................

9. Invest. In Assoc. Org. - Other - General Funds ...... IO. Invest. In Assoc. Org. - Other - Nongeneral Funds 11. Investments in Economic Development Projects ..... 12. Other Investments ................................................... 13. Special Funds ......................................................... 100,371.97 14. Total Other Property and Investments (6 fhru 73).. 26,196,340.50 15. Cash - General Funds .................... ... 87,436.29 16. Cash - Construction Funds - Trustee ...................... 17. Special Deposits ..................................................... 18. Temporary Investments .......................................... 3,755,057.89 19. Notes Receivable (Net) ........................................... 2,157.26 ?O. Accounts Receivable - Sales of Energy (Net) ......... 6,942,576.80 21. Accounts Receivable - Other (Net) ......................... (24,190.43) !2. Material and Supplies - Electric and Other .............. 248,025.86 1. Prepayments ........................................................... 52,756.51

-4. Other Current and Accrued Assets ........................ 46,819.36 25. Total Current and Accrued Assets (15 thru 24) ..... 11,110,639.54 26. Regulatory Assets .................................................. 27. Other Deferred Debits ............................................ 100,864.84

3. Total Utility Plant (1 + 2) ............. ................ 21,932,256.06

8. Invest. In Assoc. Org. - Patronage Capital ............. 24,865,206.81 930,000.00 300,761.72


87.399.74 31 . Patronage Capital ................................. ........ 36,179.820.09 32. Operating Margins - Prior Years .......................... 127,638.73 33. Operating Margins - Current Year 802,714.93

153,487.20 34. Non-Operating Margins ................ 1,669,261.70

36. Total Margins & Equities (30 thru 35) .................. 39,020,322.39 5,071,118.31

..................................................

35. Other Margins and Equities .................................

37. Long-Term Debt - RUS (Net) ...............................

38. Long-Term Debt - RUS - Econ. Devel. (Net) ........ 39. Long-Term Debt - Other - RUS Guaranteed ........

41. Total Long-Term Debt (37 thru 40) ...................... 42. Obligations Under Capital Leases ....................... 43. Accumulated Operating Provisions .....................

(Payments-Unapplied $ 246826.54 )

1,913.174.72 6,984,293.03

1,182.21 1.81 1,182,211.81

6.547.891.09 180,975.50 672,258.39

7,401,124.98 1,843.94

40. Long-Term Debt . Other (Net) .............................

......... 44. Total Other Noncurrent Liabilities (42 + 43) 45. Notes Payable ..................................................... 46. Accounts Payable ................................ 47. Consumers Deposits ................................... 48. Other Current and Accrued Liabilities .................. 49. Total Current 8 Accru@ Liabilities (45 thru 48).. 50. Deferred Credits ................................................. 51. Accumulated Deferred Income Taxes ................ 52. Total Liabilities and Othe Credits


53. Balance Beginning of Year .................................. 54. Amount Received this Year (Net) ........................

Page 2 of 3 Pages ?US Form 7 (Rev. 12-93)

USDA - RUS -


-r----- 0.I ............................... 1. Total Operation & Maintenance Expesne (2 tbur 70) 51,766.278.60 46,232,012.00 7,710,809.91

395,037.21 404,619.45 I 406,046.00 58,139.0C 46,327.347.82 I

Iepreciation and Amorization Expense I I



Mississippi County Electric Cooperative, Inc. P.O. Box 7

BORROWER NAME AN0 ADDRESS

7. Extraordinary Items I I I I 8. Patronage Capital or Margins (20 tbru 26) 1,371,866.27 I 1,113,130.88 I 1,477,638.00 I 156,928.75

PART B. DATA ON TRANSMISSION AND DISTRIBUTION PLANT

1 I YEAR-TO-DATE YEAR-TODATE I LAST YEAR I ITEM LAST YEAR THIS YEAR ITEM THIS YEAR

YEAR-TO-DATE THIS YEAR BUDGET LAST YEAR

ITEM (b) (a) (C) 1. Operating Revenue and Patronage Capital 48,095,512.30 53,328.631.1 7 48,128,872.00 2. Power Production Expense 3. Cost of Purchased Power 45,151,719.77 50,535,920.26 45,076,934.00

3 I nvb, ,","a- ClU" ,111 ' a,,u v,y,,,a, -I," L"" *Vv."" .-. .--. , .1".." ".. " .- arest dollar. For detailed instrvdbns, see RUS Bulletin 17178-2 I July 31, 2003

CERTIFICATION We hereby certty that the entnes in this reporl are in accordance with the accounts and other records of the system and reflect the status of the system ot the best of our knowledge and belief

ALL INSURANCE REQUIRED BY PART 1788 OF 7 CFR CHAPTER XVII, RUS, WAS IN FORCE DURING THE REPORTING PERIOD AND RENEWWS H M BEEN OBTAINED FOR ALL POLICIES.

THIS MONTH

(d) 7,931,279.47

7,549,912.05

t -rvktib VnJUJ SIGNATURE OF OFFICE MNAGER OR ACCOUNTANT

4. Transmission Expense 5. Distribution Expense - Operation 6. Distirbution Expense - Maintenance 7. Consumer Accounts Expense 8. Customer Service and Information Expense

August 15,2003 DATE

182,610.04 253,405.96 187,177.00 28,992.54 185,916.57 189,352.91 164,619.00 20,543.75 208,631.29 234,674.10 213,250.00 33.333.69 21,192.44 22,777.25 21,489.00 3,235.66

9. Sales Expense 0. Administrative and General Expense 577.277.71 530,148.12 568,543.00 74,792.22

51,766.278.60 46,232,012.00 7,710,809.91 1. Total Operation & Maintenance Expesne (2 tbur 70) 46,327.347.82 Iepreciation and Amorization Expense 395,037.21 404,619.45 406,046.00 58,139.0C

10.90 11.5: 3. Total Serviced in Place 5,404 5,426 7. Underground Idle Services Total Miles

4. (Exclude Seasonal) 1,021 1,055 8. Enqerized (5+6+7) 549.07 549.4:

' Form 7 (Rev. 12-93) Page 1 of 3 Pages

1. New Serviced Connected 113 75 5. Miles Transmission 1.29 1.2s


Miles Distribution - 2. Serviced Retired 66 50 6. Overhead 536.88 536.61


1 July 31, 2003 INSTRUCTIONS - See RUS Bullefifl 17178-2 I


PERIOD ENDED FINANCIAL AND STATISTICAL REPORT

1. Total Utility Plant in Service ..................................... 2. Construction Work in Progress ................................ 3. Total Utility Plant (1 + 2) .................................

5. Net Utility Plant (3 - 4) ...................................... 6. Non-Utility Property (Net) ........................................ 7. Investments in subsidiary companies .....................

9. Invest. In Assoc. Org. - Other - General Funds

4. Accum. Provision for Depreciation and Amort ........

8. Invest. In Assoc. Org. - Patronage Capital .............

I O . Invest. In Assoc. Org. - Other - Nongeneral Funds 11. Investments in Economic Development Projects ..... 12. Other Investments ................................................... 13. Special Funds .......... 14. Total Other Property 15. Cash - General Funds ................... 16. Cash - Construction Funds - Trust 17. Special Deposits .....................................................

19. Notes Receivable (Net) ........................................... 20. Accounts Receivable - Sales of Energy (Net) ......... 21. Accounts Receivable - Other (Net) ......................... 22. Material and Supplies - Electric and Other ..............

Prepayments.. ......................................................... i+. Other Current and Accrued Assets ........................ 25. Total Current and Accrued Assets (15 fb 26. Regulatory Assets .................................... 27. Other Deferred Debits ............................................

18. Temporary Investments ..........................................

RUS USE ONLY

21,911,664.89 52,540.46

21,964,205.35 4,789,683.89

17,174,521.46

24,865,206.81 930,000.00 300.761.72

100,396.97 26,l 96,365.50

137,808.92

3,925.076.78 2,157.26

7.959.190.29 (21,070.71) 246,965.51 125,73057 59,781 5 7

12.435.640.1 9

115.142.41 28. Accumulated Deferred Income Taxes .................... 29. Total Assets and Other Debits (5+14+25 fbru 28)- 55,921,669.56

PART D. NOTES TO FIf ITHIS SPACE BELOW IS PROVIDED FOR IMPORTANT NOTES REGARDIN


30. Memberships 87.269.74 31. Patronage Capital. ..................................... 36,179,820.36

..........................................

32. Operating Margins - Prior Ye 33. Operating Margins - Current 34. Non-Operating Margins ................ 35. Other Margins and Equities .................................

37. Long-Term Debt - RUS (Net) ...............................

127,638.73 931,947.47 I81 ,I 83.41

1,669,261.70 39,177,121.41 5,091,079.38

36. Total Margins 8 Equities (30 fbru 35) ...........

(Payments-Unapplied $ 218001.17 ) 38. Long-Term Debt - RUS . Econ. Devel. (Net) ........ 39. Long-Term Debt - Other - RUS Guaranteed ........ 40. Long-Term Debt - Other (Net) ............................. 41. Total Long-Term Debt (37 tbru 40) ...................... 42. Obligations Under Capital Leases ....................... 43. Accumulated Operating Provisions ..................... 44. Total Other Noncurrent Liabilities (42 + 43) ......... 45. Notes Payable .....................................................

1,913,174.72 7,004,254.10

1,184,063.33 1,184,063.33

7,763,665.42 46. Accounts Payable ............................................... 47. Consumers Deposits ........................................... 179,730.00 48. Other Current and Accrued Liabilities .................. 61 1.145.76 49. Total Current & Accrued Liabilities (45 fbru 48J.. 8.554.541 .I8 . . 50. Deferred Credits 1,689.54 51. Accumulated Deferred Income Taxes ................ 52. Total Liabilities and Othe Credits

.................................................

~~

(36 + 41 + 44 + 49 tbru 51) ................................. 55,921,669.56 3TIMATED CONTRIBUTIONS IN AID OF CONSTRUCTION 53. Balance Beginning of Year .................................. 54. Amount Received this Year (Net) ........................ 55. Total Contributions in Aid of Construction ............ iNCIAL STATEMENTS THE FINANCIAL STATEMENT CONTAILED IN THIS REPORT.

PI IS Form 7 (Rev. 12-93) Page 2 of 3 Pages

. . ..

USDA - RUS

FINANCIAL AND STATISTICAL REPORT r BORROWER DESIGNATION




STRUCTIONS- Submit and orginal and hvo copfes lo RUS Round a// amounfs to !aresf do//ar For derailed fnsfrudrons. see RUS Bu/letfn 171 78-2

We hereby certify thaf the entries fn fhfs report are in accordance with the accounts and other records of the system and refled the status of fhe sysfem ot fhe best of our knowledge and belief

Blytheville, AR 7231 6-0007

August 31,2003 PERIOD ENDED

YEAR-TO-DATE THIS YEAR ITEM ITEM LAST YEAR

(a) ( 4

I. New Serviced Connected 123 84 5. Miles Transmission Miles Distribution -

Miles Distribution - 2. Serviced Retired 71 55 6. Overhead

3. Total Serviced in Place 5,409 5.430 7. Underground Idle Services Total Miles

4. (Exclude Seasonal) 1,045 log2 8. Ennerized (5+6+7)

YEAR-TO-DATE THIS YEAR LAST YEAR

( 4 (b)

1.29 1.2s

537.02 536.56

11.33 11.5E

549.64 549.41

USDA-RUS r BORROWER DISGNATION

GTRUCTIONS - See RUS Bulletin 17778.2 1 August 31,2003 I PART C. BALANCE SHEET

PERIOD ENDED FINANCIAL AND STATISTICAL REPORT


RUS USE ONLY

1. Total Utility Plant in Service ............... _ _ ._ 21,933,746.93 2. Construction Work in Progress ................................ 62,910.99 3. Total Utility Plant (1 + 2) ............................... 21,996,657.92 4. Accum. Provision for Depreciation and Amo 4,836,295.96 5. Net Utility Plant (3 - 4) 17,160,361.96 6. Non-Utility Property (Net) ................................ 7. Investments in subsidiary companies ... 8. Invest. In Assoc. Org. - Patronage C 24,864,170.70

890,000.00 300,761.72

9. Invest. In Assoc. Org. - Other - General Funds ...... I O . Invest. In Assoc. Org. - Other - Nongeneral Funds 11. Investments in Economic Development Projec ts..... 12. Other Investments ................................................... 13. Special Funds ......................................................... 100.521.97 14. Total Other Property and Investments (6 thru 13).. 26,155,454.39 15. Cash - General Funds ............................................ 118,616.97 16. Cash - Construction Funds - Trustee ...................... 17. Special Deposits ..................................................... 18. 19. 20. 21.

?. -3. 24. 25. 26. 27.

Notes Receivable (Net) ................ Accounts Receivable - Sales of Energy (Net) .........

Prepayments .....................

Total Current and Accrued Assets (15 thru 24) ..... Regulatory Assets. ................................. Other Deferred Debits ............................................

3,384,226.73 2.157.26

8.203.466.37 (21,376.22) 238.535.26 104.1 01 5 7 29.676.97

12,059,404.91

128.003.68


30. Memberships .................................................. 31. Patronage Capital ....... 35,446,480.71 32. Operating Margins - Prior Years ............

34. Non-Operating Margins ....................................... 208,290.44

..................

33. Operating Margins - C

35. Other Margins and Equities ................................. 1,669,261.70 36. Total Margins & Equities (30 thn, 35) ......... 38,651,202.72

5,116.678.46 37. Long-Term Debt - RUS (Net) ............................... (Payments-Unapplied $ 174000.74 )

38. Long-Term Debt - RUS - Econ. Devel. (Net) ........ 39. Long-Term Debt - Other - RUS Guaranteed ........ 40. Long-Term Debt - Other (Net) ............................. 41. Total Lona-Term Debt (37 thru 40) ......................

1,913,174.72 7.029.853.1 8 ... - . .

42. Obligations Under Capital Leases ....................... 43. Accumulated Operating Provisions. 1,185,814.85 44. Total Other Noncurrent Liabilities (42 + 43) ......... 1,185,814.85 45. Notes Payable ..................................................... 46. Accounts Payable ............................................... 7,810,487.23 47. Consumers Deposi ts..... 181,899.50 48. Other Current and Accrue 642,520.53 49. Total Current & A m e d Liabilities (45 thru 48).. 8,634,907.26 50. Deferred Credits ................................................. 1,446.93 51. Accumulated Deferred Income Taxes ................ 52. Total Liabilities and Othe Credits

(36 + 41 + 44 + 49 thru 51) ESTIMATED CONTRIBUTIONS IN AID OF CONSTRUCTION 53. Balance Beginning of Year ............ 54. Amount Received this Year (Net) ........................ 55. Total Contributions in Aid of Construction ............ 4NCIAL STATEMENTS

................ 55,503,224.94

28. Accumulated Deferred Income Taxes .................... 29. Total Assets and Other Debits (5+14+25 fhru 28).. 55,503,224.94

PART D. NOTES TO FI! 'HIS SPACE BELOW IS PROVIDED FOR IMPORTANT NOTES REGARDING THE FINANCIAL STATEMENT CONTAILED IN THIS REPORT IF ADDITIONAL SPACE IS NEEDED, USE SEPERATE SHEET.)

JS Form 7 (Rev. 12-93) Page 2 of 3 Pages

USDA - RUS




Mississippi County Electric Cooperative. Inc. P.O. Box 7


~~

We hereby c e d e fhat the enfries in this report are in accordance with the accounts and ofher records of the sysfem and reflecf fhe status of the system of fhe best of our knowledge and belief.

F 7 CFR CHAPTER XVll RUS WAS IN FORCE DURING THE REPORTING

October 14, 2003

October 14 2003

DATE

THIS MONTH

S

c INSTRUCTIONS- Submit and original and two copies to RUS. Round a// amounts to nearest dollar. For detailed insfructions, see RUS Bulletin 171 78-2

Blythevilie, AR 72316-0007

September 30, 2003 PERIOD ENDED

USDA-RUS BORROWER DlSGNATlON

PERIOD ENDED RUS USE ONLY

RUS Form 7 (Rev. 12-93) Page 2 of 3 Pages

ASSETS AND OTHER DEBITS LIABILITIES AND OTHER CREDITS

1. Total Utility Plant in Service ..................................... 2. Construction Work in Progress ................................

21,964,566.06 77,887.65

3. Total Utility Plant (1 + 2) .................... ....... 22,042,453.71 4. Accum. Provision for Depreciation an ...... 4,886,496.22 5. Net Utility Plant (3 - 4) ............................................. 17,155,957.49

7. Investments in subsidiary companies ..................... 8. Invest. In Assoc. Org. - Patronage Capital .............

IO. Invest. In Assoc. Org. - Other - Nongeneral Funds 11. Investments in Economic Development Projects ..... 12. Other Investments .............................

14. Total Other Property and lnvestm 3)- 26,155.479.39 15. Cash - General Funds ............................................ 94,222.93 16. Cash - Construction Funds - Trustee ...................... 17, Special Deposits ................................. 18. Temporary Investments .......................................... 3,537.657.1 1 19. Notes Receivable (Net) ..................................... 2,157.26 20. Accounts Receivable - Sales of Energy (Net) ......... 6,089,395.38 21. Accounts Receivable - Other (Net) ......................... (21,375.29) 22. Material and Supplies - Electric and Other .............. 248,968.98 3. Prepayments ................................... 82,472.57 -4. Other Current and Accrued Assets ................... 36,287.41

10,069,786.35 26. Regulatory Assets ............................................ 27. Other Deferred Debits ............................................ 140,738.69 28. Accumulated Deferred Income Taxes .................... 29. Total Assets and Other Debits (5+14+25 thru 28)- 53,521,961.92

6. Non-Utility Property (Net) ........................................

24,864,170.70 890,000.00 300,761.72

9. Invest. In Assoc. Org. - Other - General Funds ......

13. Special Funds .............................. ....... 100,546.97

25, Total Current and Accrued Assets (15 fhru 24) .....

PART D. NOTES TO

87,679.74 30. Memberships ..................................... 31. Patronage C ............... 35,446,480.71 32. Operating Margins - Prior Years ........... 127,638.73 33. Operating Margins - Current Year ......... 1,291,179.24 34. Non-Operating Margins ....................................... 234,816.74

1,669,261.70 36. Total Margins & Equities (30 fhru 35) .... 38,857,056.86 37. Long-Term Debt - RUS (Net) ................ 5,136,216.38

38. Long-Term Debt - RUS - Econ. Devel. (Net) ........ 39. Long-Term Debt - Other - RUS Guaranteed. 40. Long-Term Debt - Other (Net) ............................. 1,898,733.33

7,034.949.71 42. Obligations Under Capital Leases ....................... 43. Accumulated Operating Provisions ..................... 1,187.566.37 44. Total Other Noncurrent Liabilities (42 + 43) ......... 1.187.566.37 45. Notes Payable ................. 46. Accounts Payable ............................................... 5,746,176.62 47. Consumers Deposits ........................................... 182,882.00 48. Other Current and Accrued Liabilities .................. 511,541.36 49. Total Current & Accrued Liabilities (45 thru 48).. 6,440,599.98 50. Deferred Credits ................................................. 1,789.00 51. Accumulated Deferred Income Taxes ................ 52. Total Liabilities and Othe Credits

ESTIMATED CONTRIBUTIONS IN AID OF CONSTRUCTION 53. Balance Beginning of Year .................................. 54. Amount Received this Year (Net) ........................ 55. Total Contributions in Aid of Construction ............

35. Other Margins and Equities .................................

(Payments-Unapplied $ 14484 )

41. Total Long-Term Debt (37thru 40) .......

(36 + 41 + 44 + 49 fhru 51) ................................. 53,521,961.92


- USDA - RUS

INSTRUCTIONS- Submd and onginal and two copies to RUS Round all amounts to nearest dollar For detailed instructms, see RUS Bulletin 17178-2


PERIOD ENDED October 31, 2003

- BORROWER DESIGNATION Arkansas-23-Mississippi

Mississippi County Electric Cooperative, Inc. P.O. Box 7 Blvtheville. AR 72316-0007


ITEM


2. Serviced Retired

3. Total Serviced in Place Idle Services

4. (Exclude Seasonal)

LAST YEAR THIS YEAR ITEM LAST YEAR THIS YEAR (a) (b) fa) (b)

149 1 13 5. Miles Transmission 1.29 1.25

96 66 6. Overhead 536.86 536.6;

5,410 5,448 7. Underground 11.33 1 1 3



Total Miles 1,110 1,149 8. Enqerized (5+6+7) 549.48 549.5;

We hereby cedrfy that the entnes in this report are in accordance w!th the accounts and otherrecods of the system and reflect the status of the system of the best of our knowledge and belief

ALL INSURANCE REQUIRED BY PART 1788 OF 7 CFR CHAPTER XVII, RUS, WAS IN FORCE DURING THE REPORTING PERIOD AND R E f i E W M HAVE BEEN OBTAINED FOR ALL POLICIES.

I 7?%-LLyu SIGNATURS,Q& OFFICE MNAGER OR ACCOUNTANT

November 11,2003 DATE


ISTRUCTIONS - See RUS BuNefIn 17178-2 1 October 31, 2003 PART C. BALANCE SHEET

PERIOD ENDED


RUS USE ONLY

1. Total Utility Plant in Service ..................................... 2. Construction Work in Progress ................................ 3. Total Utility Plant (I + 2) .......................................... 4. Accum. Provision for Depreciation and Amort ........ 5. Net Utility Plant (3 - 4) ............................................. 6. Non-Utility Property (Net) ........................................ 7. Investments in subsidiary companies ..................... 8. Invest. In Assoc. Org. - Patronage Capital .............

IO. Invest. In Assoc. Org. - Other - Nongeneral Funds 11. Investments in Economic Development Projects 12. Other Investments .....................

14. Total Other Property and Investments (6 fhru 13).. 15. Cash - General Funds ............................................ 16. Cash - Construction Funds - Trustee ...................... 17. Soecial Deoosits ..............

21.986.713.50 120,722.55

22,107,436.05 4,940,602.64 17,166,833.41

24,864,170.70 890.000.00 300,761.72

9. Invest. In Assoc. Org. - Other - General Funds ......

13. Special Funds ......................................................... 100,571.97 26,155,504.39

66,117.95

18. 19. !O . !I. 12. 3.

Temporary Investments ............. 3,791,692.09 Notes Receivable (Net) .............. ..................... 2.1 57.26 Accounts Receivable - Sales of Energy (Net) ......... 6,867,073.53 Accounts Receivable - Other (Net) ......................... (21,403.88) Material and Supplies - Electric and Other .............. 238,892.27 Prepayments.. ......................................................... 60,843.56 Other Current and Accrued Assets ........................ 34,756.87 Total Current and Accrued Assets (15 fhru 24) ..... 11,040,129.65 Regulatory Assets .................................................. Other Deferred Debits ............................................ 152.299.96 Accumulated Deferred Income Taxes .................... Total Assets and Other Debits (5+74+25 fhru 28).. 54,514,767.41

PART D. NOTES TO Flk


30. Memberships ....................................................... 87,854.74 31. Patronage Capital ................................................ 35,446,480.71

127.638.73 33. Operating Margins - Current Year ........................ 1,387.897.06

258.412.68 34. Non-Ooeratina Marains

32. Operating Margins - Prior Years ..........................

....................................... " - 35. Other Margins and Equities ................................. 1,669,261.70 36 Total Marains & Eauities (30 thru 35) .................. 38.977.545.62

.8 . . -~ _ _ 37. Lona-Term Debt - RUS (Net) ............................... 5,156,491.29 " . . . I

(Payments-Unapplied $ 115,591.28 ) 38. Long-Term Debt . RUS . Econ. Devel. (Net) ........ 39. Long-Term Debt - Other - RUS Guaranteed ........ 40. Long-Term Debt - Other (Net) ............................. 41. Total Long-Term Debt (37 fhru 40) ......................

1,898,733.33 7,055,224.62

42. Obligations Under Capital Leases ....................... 43. Accumulated Operating Provisions ..................... 1,189,317.89

1,189,317.89 45. Notes Payable ..................................................... 46. Accounts Payable ............................................... 6,604,272.80 47. Consumers Deoosits ........................................... 184.463.50

44. Total Other Noncurrent Liabilities (42 + 43) .........

. ~-

48. Other Current and Accrued Liabilities .................. 49. Total Current & Accrued Liabilities (45 fhru 48b.

503,732.53 7.292.468.83 . .

50. Deferred Credits ................................................. 210.45 51. Accumulated Deferred Income Taxes ................ 52. Total Liabilities and Othe Credits

(36 + 41 + 44 + 49 fhru 51) ................................. 54,514,767.41 ESTIMATED CONTRIBUTIONS IN AID OF CONSTRUCTION 53. Balance Beginning of Year .................................. 54. Amount Received this Year (Net) ........................ 55. Total Contributions in Aid of Construction ............ INCIAL STATEMENTS

THIS SPACE BELOW IS PROVIDED FOR IMPORTANT NOTES REGARDING THE FINANCIAL STATEMENT CONTAILED IN THIS REPORT. (IF ADDITIONAL SPACE IS NEEDED, USE SEPERATE SHEET.)

RUS Form 7 (Rev. 72-93) Page 2 of 3 Pages

USDA - RUS


I Blytheville, AR 72316-0007 INSTRUCTIONS- Submit and otiginal and two copies to RUS. Round a// amounts to IPERlOD ENDED





nearest dollar. For detailed instructions, see RUS Bulletin 171 78-2 I November 30,2003 CERTIFICATION

We hereby certw thaf the entries in this report are in accordance with tha accounts and other records of the system and reflect the status of lhe system of the best of our knowledge and belief.

LAST YEAR

ALL INSURANCE REQUIRED BY PART 1788 OF 7 CFR CHAPTER XVII, RUS, WAS IN FORCE DURING THE REPORTING PERIOD AND RENEWALSJAVE BEEN OBTAINED FOR ALL POLICIES.

THIS YEAR BUDGET

7widLYu SIGflATURE OF OFFICE MNAGER OR ACCOUNTANT

December 15,2003

December 15,2003 DATE

PART A. STATEMENT OF OPERATIONS I YEAR-TO-DATE I 7 , ,I_ . . - .111 I

USDA-RUS


IlNSTRUCTlONS - See RUS Bulletin 77178-2


BORROWER DlSGNATlON


November 30,2003

30. Memberships ...................................... 87,844.74 31. Patronage Capital ............................... 33,370,835.99 32. Operating Margins - Pri 127.638.73 33. Operating Margins - Current Year ....... 1,482,655.75 34. Non-Operating Margins 280,024.01 35. Other Margins and Equities ................ 1,761,057.81

37. Long-Term Debt - RUS (Net) 5,181,571.79 36. Total Margins & Equities (3 ................ 37,110,057.03

............................... (Payments-Unapplied $ 71,143.49 1

38. Long-Term Debt - RUS - Econ. Devel. (Net) ........ 39. Long-Term Debt - Other - RUS Guaranteed ........

41. Total Long-Term Debt (37 thru 40) ...................... 40. Long-Term Debt - Other (Net) ...............

42. Obligations Under Capital Leases ....................... 43. Accumulated Operating Provisions ..................... 44. Total Other Noncurrent Liabilities (42 + 43) .........

1,898.733.33 7,080,305.12

1 .I 91,069.41 1,191,069.41

45. 46. 47. 48. 49. 50. 51.

Notes Payable ..................................................... Accounts Payable ............................................... Consumers Deposits ........................................... Other Current and Accrued Liabilities .................. Total Current & Accrued Liabilities (45 thru 48).. Deferred Credits ................................................. Accumulated Deferred Income Taxes ................

5.576.180.66 186.634.50

2,367,684.68 8,130,499.84

323.97

~~~~ .~~ ~~~ ~


1. Total Utility Plant in Servic .............. 22,030,395.73

3. Total Utility Plant (1 + 2) ............. 22,145,519.73 2. Construction Work in Prog

4. Accum. Provision for Depreciation and Amort ........ 5. Net Utility Plant (3 - 4) ............................................. 6. Non-Utility Property (Net) ........................................ 7. Investments in subsidiary companies ..................... 8. Invest. In Assoc. Org. - Patronage Capital ...... 9. Invest. In Assoc. Org. - Other - General Funds ...... 10. Invest. In Assoc. Org. - Other - Nongeneral Funds

12. Other Investments ................................................... 13. Special Funds ......................................................... 100,596.97 14. Total Other Property and Investments (6 thru 13).. 25,253,030.56 15. Cash - General Funds ............................................ 503,027.98 16. Cash - Construction Funds - Trustee ...................... 17. Special Deposits ....................... 18. Temporary Investments ............ ................... 4,436,214.62 19. Notes Receivable (Net) ............. 2,157.26 20. Accounts Receivable - Sales of Energy (Net) ......... 5,703.901.59 21. Accounts Receivable - Other (Net) ......................... (22.263.22) 22. Material and Supplies - Electric and Other .............. 239,052.05 3. Prepayments ............. 39.214.55 24. Other Current and Accrued Assets 39.803.51 25. Total Current and Accrued Assets (15 thru 24) ..... 10,941,108.34 26. Regulatory Assets .... ............................. 27. Other Deferred Debits ............... ............ 166,710.82 28. Accumulated Deferred Income Taxes .................... 29. Total Assets and Other Debits (5+14+25 thru 281.. 53,512,255.37

PART D. NOTES TO FII THIS SPACE BELOW IS PROVIDED FOR IMPORTANT NOTES REGARDIh (IF ADDITIONAL SPACE IS NEEDED, USE SEPERATE SHEET.)

115,124.00

4,994.1 14.08 17,151,405.65

23,961,671.87 890,000.00 300,761.72

11. Investments in Economic Development Projects .....

SUS Form 7 (Rev. 72-93) Page 2 of 3 Pages

52. Total Liabilities and Othe Credits


53. Balance Beginning of Year .................................. 54. Amount Received this Year (Net) ........................ 55. Total Contributions in Aid of Construction ............ INCIAL STATEMENTS THE FINANCIAL STATEMENT CONTAILED IN THIS REPORT.

Aa,

IBORROWER DESIGNATION - r: USDA - RUS

ISTRUCTIONS- Submif and original and two copies to RUS. Round all amounts to parest dollar. For detailed instructions. sea RUS Bulletin 171 78-2


Blytheville, AR 72316-0007

December 31,2003 PERIOD ENDED




27. Extraordinary Items I 28. Patronage Capital or Margins (20 thru 26) 4,694,498.1 8

PART B. DATA ON TRANSMISSION AND YEAR-TO-DATE

ITEM LAST YEAR THIS YEAR

(a) (b)

1. New Serviced Connected 163 132

I 1 3,141,176.25 I 4.784.292.00 I 1.378.496.49

DISTRIBUTION PLANT YEAR-TO-DATE

THIS YEAR ITEM LAST YEAR

fa) (b)

5. Miles Transmission 1.29 1.29 Miles Distribution -

ALL INSURANCE REQUIRED BY PART 1788 OF 7 CFR CHAPTER XVII, RUS, WAS IN FORCE DURING THE REPORTING PERIOD AND RENEWALS H A W BEEN OBTAINED FOR ALL POLICIES.

2. Serviced Retired


4. (Exclude Seasonall Idle Services

- SlGNATUffE OF OFFICE MNAGER OR ACCOUNTANT

119 75 6. Overhead 536.81 536.67

5,401 5,458 7. Underground 11 3 3 11.56

1,120 1,159 8. Enqerized (5+6+7) 549.43 549.52


Total Miles

Januarv 16.2004

January 16,2004 DATE , PART A. STATEMENT OF OPERATIONS

ITEM

USDA-RUS r I FINANCIAL AND STATISTICAL REPORT

BORROWER DISGNATION

Arkansas-23-Mississippi RUS USE ONLY 'ERIOD ENDED

December 31,2003 STRUCTIONS - See RUS Bulletin 171 78-2

PART C. BALANCE SHEET


1. Total Utility Plant in Service ................ 22,082,756.68

3. Total Utility Plant (I + 2) ................ 22,211,915.23 2. Construction Work in Progress

4. Accum. Provision for De 5. Net Utility Plant (3 - 4) ............................................. 6. Non-Utility Property (Net) ........................................ 7. Investments in subsidiary companies ..................... 8. Invest. In Assoc. Org. - Patronage Capital.. 9. Invest. In Assoc. Org. - Other - General Funds

129,158.55

5,051,150.40 17,760,764.83

25,309,023.90 890,000.00 300,761.72 I O . Invest. In Assoc. Org. - Other - Nongeneral Funds

11. Investments in Economic Development Projects ..... 12. Other Investments ................................................... 13. Special Funds 14. Total Other Property and Investments (6 thru 131..

101 .I 17.27 26.600.902.89

......................................................... . -

15. Cash - General Funds ............................................ 16. Cash - Construction Funds - Trustee ......................

18,552.78

17. Special Deposits ..................................................... 18. Temporary Investments .......................................... 19. Notes Receivable (Net) ........................................... 20. Accounts Receivable - Sales of Energy (Net) ......... 21. Accounts Receivable - Other (Net) ......................... 22. Material and Supplies - Electric and Other ..............

24. Other Current and Accrued Assets ........................

3,147,541 .I7 1,078.63

7,016,952.89 (28,120.41) 232,899.92

3. Prepayments ........................................................... 17,585.53 45.675.64

10,452,166.15 25. Total Current and Accrued Assets (15 thru 24) ..... 26. Regulatory Assets .................................................. 27. Other Deferred Debits ............................................ 28. Accumulated Deferred Income Taxes .................... 29. Total Assets and Other Debits [5+14+25 thru 28)-

THIS SPACE BELOW IS PROVIDED FOR IMPORTANT NOTES REGARDING (IF ADDITIONAL SPACE IS NEEDED, USE SEPERATE SHEET.)

213,570.53

54,427,404.40 PART D. NOTES TO Flb


Memberships ........................................... Patronage Capital ................................................ Operating Margins . Prior Years .......................... Operating Margins . Current Year ............... Non-Operating Margins ....................................... Other Margins and Equities. ..................

Long-Term Debt - RUS (Net) ............................... Total Margins & Equities (30 thru 35) ..................

(Payments-Unapplied $ 41,450.47 ) Long-Term Debt . RUS . Econ. Devel. (Net) ........ Long-Term Debt . Other . RUS Guaranteed ........ Long-Term Debt . Other (Net) ............................. Total Long-Term Debt (37 thru 40) ...................... Obligations Under Capital Leases ....................... Accumulated Operating Provisions ..................... Total Other Noncurrent Liabilities (42 + 43) ......... Notes Payable .....................................................

30. 31. 32. 33. 34. 35. 36. 37.

38. 39. 40. 41. 42. 43. 44. 45. 46. Accounts Payable ............................................... 6,972,819.85 47. Consumers Deposits ........................................... 186,156.50 48. Other Current and Accrued Liabilities .................. 500,097.03 49. Total Current & Accrued Liabilities (45 thru 48).. 7,659,073.38 50. Deferred Credits 323.97 51. Accumulated Deferred Income Taxes ................ 52. Total Liabilities and Othe Credits

ESTIMATED CONTRIBUTIONS IN AID OF CONSTRUCTION

.................................................

(36 + 41 + 44 + 49 thru 51) ................................. 54,427,404.40

87,674.74 33,370,835.99

127,638.73 2,840,257.21

300,919.04 1,761,055.95

38.488.381.66 5,202,203.68

1,884,105.48 7,086,309.16

1,193,316.23 1,193,316.23

53. Balance Beginning of Year .................................. 54. Amount Received this Year (Net) ........................ 55. Total Contributions in Aid of Construction ............ INCIAL STATEMENTS THE FINANCIAL STATEMENT CONTAILED IN THIS REPORT.

I SUS Form 7 (Rev. 12-93) Page 2 of 3 Pages

UNITED STATES DEPARTMENT OF A G R I C U L W RURAL UTILITIES SERVICE


BORROWER DESIGNATION AR0023

PERIOD ENDED 1 a2003

FINANCIAL AND STATISTICAL REPORT I MISS COUNTY ELEC COOP INC P.O. Box 7 Blytheville, AR 72316-0007

NSTRUCTIONS - For detailed instmctions, see RUS Bulletin 17178-2.

his dafa WIN be used by RUS to review your financial siiuation. Your response is required 7 U.S.C. 901 ef seq.) andmay be confidantial.

CERTIFICATION

We recognize that statements contained herein concern a matter within the jurisdiction of a n agency of the United States and the makng of a false, fictitious o r fraudulent statement may render the maker subject to prosecution under Title 18, United States Code Section 1001.

We hereby certify that the entries in this report are in accordance with the accounts and other records of the system and reflect the status of the system to the best of our knowledge and belief.

ALL INSURANCE REQUIRED BY PART 1788 OF 7 CFR CHAPTER XVII, RUS, WAS IN FORCE DURING THE REPORTING PERIOD AND RENEWALS HAVE BEEN OBTAINED FOR ALL POLICIES.

DURING THE PERIOD COVERED BY THIS REPORT PURSUANT TO PART 1718 OF 7 CFR CHAPTER XVII (check one of the following)

All of the obligations under the RUS loan documents have been fulfilled in all material respects

0 There has been a default in the fulfillment of the obligations under the RUS loan documents. Said default(s) idare specifically described in Part D of this report.

01 13012004 0113012004

Mike Panish, Manager of Accounting and Finance DATE Larry Hdums. General ManagerICEO DATE

RUS Form 7 (Rev. 10-00) Page 1.1

,.-. USDA-RUS BORROWER DESIGNATION

11. Operating Revenue and Patronage Capital I 81,332,2171 87,640,1581 81,382,581 I 7,214,42

ITEM Year-to-date Year-to-date Year-to-date Last Year This Year Budget

(a) (b) ( 4

12. Power Production Expense I 01 01 0 1

This Month

(d)

13. Cost of Purchased Power I 76.375.1581 82,968,0281 76,320,829 I 6,888,09 ~ ~ ~~~~

4 Transmission Expense

5 Distribution Expense -Operation

6 Distribution Expense - Maintenance

7 Customer Accounts Expense

8 Customer Service and Informational Expense

0 0 0

381.721 398,569 391,264 29,92

417,861 392,017 381,788 70,92

381,616 415,157 390,260 39,85

33.452 40.603 33.921 3.56

9. Sales Expense

10. Administrative and General Expense

11. Total Operation & Maintenance Expense (2 thru IO) 112. Depreciation and Amortization Expense I 681,6671 696,270( 700,664 I 58,49

0 0 0

922,403 869,185 937,588 81,50

78,512,211 85,083,559 78,455,650 7,113,86

113. Tax Expense - Properly & Gross Receipts I 01 ol 0 1 ~ ~~

14 Tax Expense - Other

15 Interest on Long-Term Debt 16 Interest Charged to Construction -Credit

~~~ ~~

0 0 0 374,970 353,674 357,984 29,08

0 0 0 117. Interest Expense -Other I 11,6721 12,274 17,056 I 39

118. Other Deductions I 15,5421 14,1561 7,500 I 2,35

119. Total Cost of Electric Service (11 thru 18) I 79,596,0621 86,159,936 79.538,854 I 7.204.18

I Part B. Data on Transmission and Distribution Plant

ITEM I I Year-todate Y ear-to-date Last Year This Year I

Page 1.2 RUS Form 7 (Rev. 10-00)

USDA-RUS



AR0023

I PERIODENDED

1212003 INSTRUCTIONS-See RUS Bulletin 1717B-2

Part C. Balance Sheet


I . Total Utility Plant in Service 22,062,757


29. Memberships 87.675 !. Construction Work in Progress

I. Total Util i i Plant 11 +2)

129,158

22.21 1.915

30. Patronage Capital 33,370,836

31. ODeratina Mamins - Prior Years 127.639

I. Accum. Provision for Depreciation and Amort. 5,051,150 32. Operating Margins - Current Year 2,840,257

i. Net Utility Plant (3 - 4)

i. Non-Utility Property (Net) 0 '. Investments in Subsidiaw ComDanies

17,160,765

0

33. Non-Operating Margins 300,919

1,761,056 34. Other Margins and Equities

35. Total Marains & Eauities (29 thru 341 38,488.382

1. Invest. in Assoc. Om. - Patronage Capital 25,309,024 36. Long-Term Debt - RUS (Net) 5,045,924

1. Invest in Assoc. Org. -Other - General Funds 890,000 (Payments - Unapplied) 41,450

0. Invest in Assoc. Org. - Other - Nongeneral Funds

1. Investments in Economic Development Proieds

300,762

0 37. Long-Term Debt - RUS - Econ. Devel. (Net)

38. Lona-Term Debt - FFB - RUS Guaranteed

0

0 39. Long-Term Debt - Other - RUS Guaranteed 0 2. Other Investments 0

3. SDedal Funds 101.117 40. Long-Term Debt Other (Net)

41. Total Long-Term Debt (36 thru 40)

1,823,677

6.869.601 4. Total Other Property & Investments (6 thru 13) 26,600,903

5. Cash -General Funds 18,553

6. Cash - Construction Funds -Trustee 0 42. Obligations Under Capital Leases - Noncurrent 0 43. Accumulated Operating Provisions 1,193,316

44. Total Other Noncurrent Labilities (42 + 43) 1,193,316 7. Spedal Deposits 0 45. Notes Payable 0 8. Temporary Investments 3,147,54 1

9. Notes Receivable (Net) 1,079

'0. Accounts Receivable - Sales of Energy (Net) 7,016,953

6,972,820 46. Accounts Payable

47. Consumers Dewsits 186.157

48. Current Maturities Long-Term Debt 216,708 1. Accounts Receivable - Other (Net) ( 28,121)

2. MateMls and Supplies - Electtic & Other 232,900

3. Prepayments 17.585

49. Current Maturities Long-Term Debt-Economic

DeveloDment 0 50. Current Maturities Capital Leases 0 4. Other Current and Accrued Assets

5. Total Current and Accrued Assets 115 thru 241

45,676

10.452.166 51. Other Current and Accrued Liabilities 500,097 . ~. 6. Regulatory Assets 0 7. Other Deferred Debts 213,571

8. Total Assets and Other Debts (5+14+25 thru 27) 54,427.405

52. Total Current & Accrued Liabilities (45 thru 51)

53. Regulatory Labilities 0 54. Other Deferred Credits 324

7,875,782

55. Total Liabilities and Other Credits (35+ 41 + 44 + 52 thru

54) 54,427,405

RUS Form 7 (Rev. 10-00) Page 2

Name of Borrower Report Year

MISS COUNTY ELEC COOP INC (AR0023) 2003

Note 1 : Line 13 - Special Funds includes Director's Deferred Compensation of $2,117.

Report Period

12

IRUS Form 7 Page 2.3

,..".- USDA-RUS BORROWER DESIGNATION

PLANT ITEM

listribtition Plant

kneral Plant

PERIOD ENDED

lZ2003 INSTRUCTIONS-See RUS Bulletin 1717B-2

Part E. Chanaes in Utilitv Plant

Balance Adjustments Balance Beginning Additions Retirements and Transfers of Year

End of Year

20,196,162 517,864 103,429 0 20,610,59

1,142,325 649 3,296 0 1.139,67

'otal Utility Plant in Service (1 thru 6)

:onstruction Work in Progress

'OTAL UTILITY PLANT (7 + 8)

ieadquarters Plant I 268,0041 1,289 I 0 1 01 269,29

21,669,679 22,082,75

7,173 129,15

21,676,852 22.21 1,91 ~

ntangibles I 01 01 0 1 01

Salvaged

( 4 11,936

0

'ransmission Plant I 63,1881 01 01 01 63,18

Balance Used (Net) Sold Adjustment End of Year

( 4 (e) (0 (9) 135,897 166 ( 1,031) 232.901

0 0 0 I

LII Other Utility Plant I 01

(a) (b)

ITEM Balance Beginning Purchased

Other 0 0

ITEM

. Present Year

. FiveYear Average

Avg. Hours per Avg. Hours per Avg. Hours per Avg. Hours per Consumer by Consumer by Consumer by Consumer by

Cause Cause Cause Cause TOTAL

Power Supplier Extreme Storm Prearranged All Other

(a) (b) (c) (4 (e)

2.01 0.00 0.01 1.35 3 3

1.68 0.71 0.01 1.49 3.8!

Number of Full Time Employees

~~~

Amount

1f

Employee - Hours Worked - Regular Time

Employee - Hours Worked - Overtime

Payroll - Expensed

Payroll - Capitalized

Payroll - Other

US F m 7 (Rev. 10-00) Page 3.1

~~

34,71t

1.25t

494.2%

194,66;

246 07;

USDA-RUS



I AR0023

ITEM DESCRIPTION This Year Cumulative

Distributions b Special Retirements

? Capital Credits

Received

. AMOUNT DUE OVER 60 DAYS

. AMOUNT WRITTEN OFF DURING YEAR

Part J. Due from Consumers for Electric Service

3,58t 19,827

I Amount

Page 3.2 US Form 7 (Rev. 10-00)

--. USDA-RUS



I AR0023

PERIOD ENDED


-.- . USDA-RUS ORR ROWER DESIGNATION

Name of Lessor Type of Property

AR0023 FINANCIAL AND STATISTICAL REPORT I

Rental

0 0

0 0


. r-." USDA-RUS à OR ROWER DESIGNATION

AR0023 FINANCIAL AND STATISTICAL REPORT PERIOD ENDED

12/2003

Part M. Annual Meeting and Board Data

INSTRUCTIONS-See RUS Bulletin 1717B-2

1. Date of Last Annual Meeting

06/18/2003

5. Number of Members Voting by Proxy or Mail

1,007

2. Total Number of Members

3,205

6. Total Number of Board Members

7

3. Number of Members Present at Meeting

8

7. Total Amount of Fees and Expenses for Board Members

214,209

4. Was Quorum Present (Y/N) ?

Y

8. Does Manager Have Written Contract (Y/N) ?

N


ORROWER DESIGNATION -._ - USDA-RUS

Billed This Billed This Balance Year Year

ITEM End of Year Interest Principal

(a) (b) (c) Iura1 Utilities Service (Exdudes RUS - Economic Development Loans) 5,045,924 269,755 146,147

lational Rural Utilities Cooperative Finance Corporation 1,823,677 85,169 57,403

lank for Cooperatives 0 0 0

:ederal Financing Bank 0 0 0

IUS - Economic Development Loans 0 0 0 M e r (List Separately) 0 0 0

0 0 0


Billed This Year

Total ( 4

415,902.00

142,572.00

0.00

0.00

0.00

0.00

0.00

:< . AR0023

0 0

0 0

0

0 0 0.00

0 0 0.00

0 0 0.00 0 0 0.00 0 0 0.00

I I I I

01 01 01 0.00

0

0

01

0 0 0.00 0 0 0.00

01 01 0.00

01 0.00

01 0.00

'OTAL I 6,869,601 I 354,924 I 203,550 I 558,474.00


I USDA-KUS I BORROWER DESIGNATION

FINANCIAL AND STATISTICAL REPORT AR0023

PERIOD ENDED

I 12/2003 INSTRUCTIONS-See RUS Bulletin I7 178-2

Part 0. Power Requirements Data Base -Annual Summary --I

Non-coincident& Coincident-


b- USDA-RUS &ORROWER DESIGNATION

Included Excluded Descnption ($) ($)

(a) (b) (c) Line No.

Income or Loss Rural ($1 Development

(dl (e)

E 5

7

Patronage Capital,AECC

Patronage Capital, AECl

Patronage Capital, NRUCFC

Patronage Capital, N I X

Patronage Capital, Federated Insurance

AECl Promissory Note

CTC's with NRUCFC

0 32,373 0 0

0 65,062 0 19,650 0 0 44,934 0 0

890,000 0 73,330

0 294.762 10,875

25,147,004 0

I 8 I Membership, NRUCFC I 01 1,oooI 01

26 I I

9 Membership, CRC 2,500 0 0 ~ 10 Membership, Touchtone 2,500 0 0

Total: 2. INVESTMENTS IN ASSOCIATED ORGANIZATIONS 991,957 25,507,828

5. SPECIAL FUNDS

I

11 I Deferred Compensation - DH

I 12 I CD -Farmers Bank I ITotal: 5. SPECIAL FUNDS I 101,117m

16. CASH -GENERAL

9. ACCOUNTS 8 NOTES RECEIVABLE - NET

19 CVSFarms, Inc. 1,079 0 0 20 Msc Accounts Receivable -29,595 0 0 21 Employee Accounts Receivable 1,474 0 0

Total: 9. ACCOUNTS 8 NOTES RECEIVABLE - NET -27,042 0

2. INVESTMENTS IN ASSOCIATED ORGANIZATIONS

I 01 01 22 I Total: 2. INVESTMENTS IN ASSOCIATED ORGANIZATIONS 991,957 25,507,828 84,205

23 I

27

28 I I I I

29 1 I

I I ~ ~ ~ ~~ ~~~ ~~


aq USDA-RUS &ORROWER DESIGNATION

43 I

AR0023 FINANCIAL AND STATISTICAL REPORT

PERIOD ENDED

I I

I 1 a2003 INSTRUCTIONS-See RUS Bulletin 171 78-2

51 I

Line No.

I I

Description (a)

58 I

I I I I I

3n I I 1

I

33 I I I 34 I I I I

I 36 I

381 1

I I I I

44

45

46 I 47 I I I I I

52

53

54

55

RUS Form 7 (Rev. 10-00) Page 6 ( c l )

USDA-RUS M O R R O W E R DESIGNATION

AR0023 :: FINANCIAL AND STATISTICAL REPORT

PERIOD ENDED

1212003 1

Maturity date (b)

I

7a - Part II. Loan GuaranteeslPart 111. Ratio

Original Loan Amount Balance Rural

($1 ($1 Development (4 (4 (4

Line No.

Organization (a)

I

TOTALS

TOTAL (induded Loan Guarantees only)

Ratio of Investments and Loan Guarantees to Utility Plant Guarantees - Loan Balance (Part II, 5d) to Total Utility Plant (Form 7, Part C, Line 3)]

rota1 of Included Investments (Part I , 11 b) and Loan 18.6 o/


I-.. USDA-RUS MORROWER DESIGNATION , .

Onginal Loan

Organizatron date ($1 ($1 Matunty Amount Balance

Line (a) (b) (4 ( 4 No

1 Employees, Officers, Directors 0 0

2 Energy Resource Conservabon Loans 0 0

3 0 0

4 0 0

Rural Development

(e1

14

15

0 0 0 0

TOTALS 0 0

F o r e

Explanation: We provide service to two steel mills and several other large industrial consumers that are metered directly from the transmission facilities provided by our power supplier and there are no losses on the distribution side.

A

Data Error and(-'arning Checks (Items that did not pass the Check)

0 1 /2 9,/?.0 0 4

Page 1

Borrower: MISS COUNNELEC COOP INC (AR0023) Year: 2003 Period: 12

General Manager/CEO I I Signathe of Authorizing Official Title of Authorizing Official I

Page 1

RUS FORM 613 10-99

-- 00 09 01

00 09 01

00 09 01

00 09 01

00 09 01

00 09 01

00 09 09 09 01

00 09 09 09 01

00 09

rCCOUNT IUMBER I f

04 102 04 102 04 102

18110 18110 18110

18112 18112 1B112

18113 lei13 lei13

18120 18120 18120

18123 18123 18123

18130: 1~130 18130 18130 lei30

18132: 18132 18132 18132 18132

18140: 18140

U. S. DEPARTMENT OF AGRICULTURE RURAL UTILITIES SERVICE WASHINGTON, D. C. 20250

STATEMENT OF LOAN ACCOUNT AND TRANSACTIONS FOR THREE MONTH PERIOD ENDING NOV 30, 2003

MISS COUNTY ELEC COOP I N C P 0 BOX 7 B L Y T H E V I L L E AR 72316

REFERENCE NUMBER

- INT.

RATE

0200

0500

0500

0500

0500

0500

9500

9500

3500

DATE OF rRANSACT

BALANCE AS OF

p CUR NT -

253

8665

3249

5630

7605

8336

3335 3734 3249

3335 3734 3249

!ST CCUMULATEI PRINCIPAL

38204

227350

85255

148447

229CO9

239240

- IDING B

F ANCES INCIPAL

- MONTHLY BILLED ACCOUNT

1f ACCOUNT NUMBERS WITH 9 AS THE FIRST DIGIT ARE ADVANCE PAYMENT ACCOUNTS 21 TRANSACTION CODES:

00 OPENING BALANCE 02 ADVANCE OF FUNDS 08 COLLECTION ADJUSTMENT 19 ADJ. TO ADVANCE PAYMENT 01 CLOSING BALANCE AND 04 PAYMENT 09 REAPP FROM ADVANCE ACCOUNT

UNPAID BILLED AMOUNTS 07 ADVANCE OF FUNDS ADJ. PAYMENT ACCOUNT 20 - 29 SEE RUS BUL. 20-9;320-12 33 ERC DEFERMENT

* L Z 0 0 0 0 2 1 1 0 1 * LRUSO613

RUS FORM 613 10-99

CONTINUED STATEMENT OF LOAN ACCOUNT AND TRANSACTIONS FOR THREE MONTH PERIOD

BALANCE AS OF

PRINCIPAL

1 1

1

1

1

4

1

I 205023 1 REFERENCE NUMBER

OUTS1 CCUM. INTEF

4DING BALANCES PRINCIPAL

* - MONTHLY BILLED ACCOUNT

I / ACCOUNT NUMBERS WITH 9 AS THE FIRST DIGIT ARE ADVANCE PAYMENT ACCOUNTS ZITRANSACTION CODES.

00 OPENING BALANCE 02 ADVANCE OF FUNDS 08 COLLECTION ADJUSTMENT 19 ADJ. TO ADVANCE PAYMENT 01 CLOSING BALANCE AND 04 PAYMENT 09 REAPPFROM ADVANCE ACCOUNT


RUS FORM 613 10-99


REFERENCE E] NUMBER

- ES AL

- KCOUNT IUMBER 1,

- INT.

RATE

- DATE OF RANSAC1

- :OC 21

01 -

00 01

00 09 09 09 09 01

00 01

00 01

IPAL NDING BALAI

PRIN( PRII

is160

90990 90990

9J990 9 J 990 9J990 9J990 9.1990 9J990

9M990 9M990

94990 94990

150c

,500

,500

1200

BALANCEASOF NOV 30, 2003


1/ ACCOUNT NUMBERS WITH 9 AS THE FIRST DIGIT ARE ADVANCE PAYMENT ACCOUNTS 21 TRANSACTION CODES.


20 - 29 SEE RUS BUL. 20-9:320-12 33 ERC DEFERMENT

UNPAID BILLED AMOUNTS 07 ADVANCE OF FUNDS ADJ. PAYMENT ACCOUNT

* L Z 0 0 0 0 2 1 8 0 2 * L R U S 0 6 1 3

RUS FORM 613 10-99


STATEMENT OF LOAN ACCOUNT AND TRANSACTIONS FOR THREE MONTH PERIOD ENDING AUG 3 1 , 2003

M I S S COUNTY ELEC COOP I N C P 0 BOX 7 B L Y T H E V I L L E A R 72316

REFERENCE NUMBER

BALANCE AS OF

’ - MONTHLY BILLED ACCOUNT

1/ ACCOUNT NUMBERS WITH 9 AS THE FIRST DIGIT ARE ADVANCE PAYMENT ACCOUNTS 21 TRANSACTION CODES:



* B B 0 0 0 0 2 8 3 0 1 * L R U S 0 6 1 3

.. *,d . . .

- 7

RUS FORM 613 10-99

- ,ccouNT UMBER 11

18140 18140 1B140

lB141, lB141 lB141 18141 18141

1B143 1B143 1B143 le143 1B143

lBl50 is150 is150 18150 1~150

1B156 lB156 18156 1B156 lB156

1 B 157 1B157 If3157 1B157 IS157

is160 le160 18160 1B160


1 205023 REFERENCE

NUMBER

3INCIPAL

BALANCE AS OF

m JDING BALANCES PRINCIPAL


I / ACCOUNT NUMBERS WITH 9 AS THE FIRST DIGIT ARE ADVANCE PAYMENT ACCOUNTS 2/ TRANSACTION CODES:



RUS FORM 613 10-99


- :ES 'AL

- INT.

RATE

- DATE OF iRANSAC-

INTt CURRENT

EST JXUMULATE' PRlNClPl -

'3

'3 '3

'3 13 I3 I3 ' 3 I3

3 3

3 3

150c

,500

,500

1200

I BALANCE AS OF AUG 3 1 , 2003


1/ ACCOUNT NUMBERS WITH 9 AS THE FIRST DIGIT ARE ADVANCE PAYMENT ACCOUNTS 21TRANSACTlON CODES.



* B B 0 0 0 0 2 8 3 0 2 * L R U S 0 6 1 3

RUS FORM 613 10-99

294E

93203

3495 1

605 7 7

183602

191247

140422 13548C 1395%

140422 13548c 139550

160187


STATEMENT OF LOAN ACCOUNT AND TRANSACTIONS FOR THREE MONTH PERIOD ENDING MAY 3 1 , 2003

M I S S COUNTY ELEC COOP INC

- \ccouNT IUMBER 1 /

P 0 BOX 7 BLYTHEVILLE AR

04 102 04 102 04 102

le1 10 181 10 18110

18112 18112 18112

181 13 i ~ i 13 18113

18120 18120 1B120

lei23 18123 18123

18130: lei30 lei30 is130 lei30

18132: lei32 lei32 18132 18132

lB140: le140

- INT.

RATE

3200

35oa

350a

350a

350a

350a

350a

350a

3500 -

BALANCE AS OF

72316

INTEREST CURRENT lACCUMULA1 ti

REFERENCE 1 205023 I NUMBER

37795

220797

82799

144173

22 1458

23 1357

100242 105184 131 114

130242 135184 131 114

90558

lDlNG BALANCES PRINCIPAL


1/ ACCOUNT NUMBERS WITH 9 AS THE FIRST DIGIT ARE ADVANCE PAYMENT ACCOUNTS 21 TRANSACTION CODES:


UNPAID BILLED AMOUNTS 07 ADVANCE OF FUNDS ADJ. PAYMENT ACCOUNT 20 - 29 SEE RUS BUL 20-9;320-12 33 ERC DEFERMENT

* V F O O 0 0 2 6 0 0 l * L R U S 0 6 1 3

RUS FORM 613 10-99


4CCOUNT IUMEER 1

18140 18140 1B140

18141 1B141 18141 18141 18141

le143 1B143 1B143 16143 lB143

18150 lei50 18150 1 8.1 50 lei50

le156

18156 1B156

18156 lB156

lB157 1 B157 le157 le157 1B157

le160 1~160 le160 18160

- INT.

RATE

1500

1500

,500

,500

1500

1536

-

DATE OF TRANSACT

- 3OC 21 -

09 09 01

00 09 09 09 01

00 09 09 09 01

00 09 09 09 01

00 09 09 09 01

00 09 09 09 01

00 09 09 09 -

INTEREST CURRENT lACCUMUlATEI PRINCIPAL

BALANCE AS OF

REFERENCE 1 205023 1 NUMBER

LANCES INCIPAL

- MONTHLY BILLED ACCOUNT 1/ ACCOUNT NUMBERS WITH 9 AS THE FIRST DIGIT ARE ADVANCE PAYMENT ACCOUNTS 2/ TRANSACTION CODES:



RUS FORM 613 10-99


REFERENCE NUMBER

- CCOUNT JMBER 11

- ATE OF IANSACT.

>ING BALANCES PRINCIPAL PRINCIPAL

;T CUMULATEC -

3

3 3

3 3 3 3 3 3

3 3

3 3

- 1

3 1

B 1 0 1 1 1

a 1

8 1

~

le160

90990 90990

9.1990 9J990 9 J990 9J990 95990 9J990

9M990 9M990

94990 94990

BALANCE AS OF MAY 31, 2003

* - MONTHLY BILLED ACCOUNT l/ACCOUNT NUMBERS WITH 9 AS THE FIRST DIGIT ARE ADVANCE PAYMENT ACCOUNTS 21 TRANSACTION CODES.



* V F 0 0 0 0 2 6 0 0 2 * L R U S 0 6 1 3

RUS FORM 613 10-99

- CCOUNT IUMBER 11

04102 04102 04102

1B110 1B110 lB110

lBl12 1B112 18112

18113 18113 18113

18120 18120 18120

1 ~ 1 2 3 lei23 18123

18130' is130 18130 lei30 le130

18132' 18132 18132 18132 l e i 3 2

18140: 18140


STATEMENT OF LOAN ACCOUNT AND TRANSACTIONS FOR THREE MONTH PERIOD ENDING F E B 28, 2003

MISS COUNTY ELEC COOP INC P 0 BOX 7 BLYTHEVILLE A R

- INT.

RATE - 0200

0500

0500

0500

0500

0500

0500

0500

3500

DATE OF FRANSACT

- :OC 21

00 04 01

00 04 01

00 04 01

00 04 01

00 04 01

00 04 01

00 04 04 04 01

00 04 04 04 01

00 04

-

-

72316 REFERENCE I 205023 1

NUMBER

INTEREST CURRENT RCCUMULATEI

141702 141326 127269

14170: 141326 127269

161357

OUTST PRINCIPAL ACCUM. INTER

I

37679

220 198

82574

143774

222791

232738

98j6 1 99,38

1 13395

9896 1

1 13395 99338

BALANCE AS OF

JDING BALANCES PRINCIPAL


1 / ACCOUNT NUMBERS WITH 9 AS THE FIRST DIGIT ARE ADVANCE PAYMENT ACCOUNTS 2/ TRANSACTION CODES.


UNPAID BILLED AMOUNTS 07 ADVANCE OF FUNDS ADJ PAYMENT ACCOUNT 20 - 29 SEE RUS BUL. 20-9.320-12 33 ERC DEFERMENT

* P K 0 0 0 0 2 2 4 0 1 * L R U S 0 6 1 3

RUS FORM 613 10-99


CCOUNT UMBER 1

18140 18140 18140

1 B 1 4 i 18141 18141 18141 18141

18143 18143 18143 18143 18143

18150 18150 18150 18150 18150

18156

18156

1B156 18156

1B156

18157 le157 le157 18157 1B157

1A160 1 ~ 1 6 0 1A160 1A160

- INT.

RATE

,500

,500

,500

,500

,500

,536

DATE OF TRANSACT

BALANCE AS OF

- 3OC 21 -

04 04 01

GO 04 04 04 01

00 04 04 04 01

00 04 04 04 01

00 04 04 04 01

00 04 04 04 01

00 04 04 04 -

INTEREST CURRENT 14CCUMULATEI.

~

PRINCIPAL

REFERENCE NUMBER

OUTS ;CUM. INTEF

~~

JDING BALANCES PRINCIPAL

00 000 0 I: ’ - MONTHLY BILLED ACCOUNT

li ACCOUNT NUMBERS WITH 9 AS THE FIRST DIGIT ARE ADVANCE PAYMENT ACCOUNTS 21TRANSACTlON CODES.


UNPAID BILLED AMOUNTS 07 ADVANCE OF FUNDS ADJ. PAYMENT ACCOlJNT 20 - 29 SEE RUS BUL. 20-91320-12 33 ERC DEFERMENT

RUS FORM 613 10-99


REFERENCE NUMBER

INT. IATE

)ATE OF RANSACT

is 4L

lDlNG BALAh PRlNC

KCOUNT IUMBER 1,' PA -

oc

- 3

2 3

2 3 3

2 3

2 3

1 ~ 1 6 0

90990 90990

9J990 9J990 9J990

9M990 9M990

94990 94990

BALANCEASOF F E B 2 8 , 2003

* - MONTHLY BILLED ACCOUNT 1/ ACCOUNT NUMBERS WITH 9 AS THE FIRST DIGIT ARE ADVANCE PAYMENT ACCOUNTS 21 TRANSACTION CODES

00 OPENING BALANCE 02 ADVANCE OF FUNDS 08 COLLECTION ADJUSTMENT 19 ADJ TO ADVANCE PAYMENT 01 CLOSING BALANCE AND 04 PAYMENT 09 REAPP FROM ADVANCE ACCOUNT

UNPAID BILLED AMOUNTS 07 ADVANCE OF FUNDS ADJ PAYMENT ACCOUNT 20 - 29 SEE RUS BUL 20-9.320-12 33 ERC DEFERMENT

*PK000022402* L R U S 0 6 1 3

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