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new “Working for Nebraska” campaign.
Each month or so, a new video features the
value of public power and how it serves the
electrical needs of rural Nebraskans. Please
join us in working to protect and plan for
Nebraska’s future,” said Gibbs.
Financial Review
CORNHUSKER PUBLIC POWER DISTRICT
COLUMBUS, NEBRASKA
STATEMENTS OF REVENUES, EXPENSES AND
CHANGES IN NET POSITION
YEARS ENDED DECEMBER 31, 2015 AND 2014
2015
2014
OPERATING REVENUES
Electric energy sales
34,591,442
35,330,424
Other revenues
191,421
173,468
Total operating revenues
34,782,863
35,503,892
OPERATING EXPENSES
Cost of power
22,930,737
24,186,838
Transmission
316,802
327,731
Distribution
1,185,950
1,180,037
Consumer accounts
410,904
404,830
Sales
230,198
236,243
Administrative and general
1,691,327
1,712,939
Maintenance
1,484,555
1,502,381
Depreciation
2,711,181
2,545,850
Total operating expenses
30,961,654
32,096,849
OPERATING INCOME
3,821,209
3,407,043
INVESTMENT AND OTHER INCOME
Interest revenue
59,727
55,884
Amortization of bond defeasance
23,979
43,086
Other income
53,614
70,543
Total investment and other income
137,320
169,513
INCREASES IN NET POSITION
BEFORE DEBT
3,958,529
3,576,556
DEBT
Interest on long-term debt
(699,004)
(783,407)
Bond issue costs
(127,344)
(110,755)
Total debt
(826,348)
(894,162)
INCREASE IN NET POSITION
3,132,181
2,682,394
NET POSITION, beginning of year
47,092,651
44,410,257
NET POSITION, end of year
50,224,832
47,092,651
financials
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