Financial Information 

Budgets & Forecasts

For financial planning and rate forecasting purposes, we produce an annual operating and capital budget that is reviewed and approved by our Board of Directors.  Financial performance is closely monitored by the organization throughout the year and financial forecasts are revised based on the most current information available.

Annual Budget Process
Budget and Planning Schedule
Finance Subcommittee
Five Year Forecast

Financial Reporting

Five-Year Rolling Budget
Year-to-Date Spending

Capital Projects Completed

A Capital Project is an investment in company operations and/or assets that utilizes capital funds.  These projects pass through multiple stages of review and authorization prior to execution. In addition, projects are extensively monitored as they progress. The Board of Directors reviews and gives final approval over the annual capital budget.  We update the website with the details of each completed project on a quarterly basis.

2017 Q3 Quarterly Capital Project Closeout Report

Capital Projects are made up of Capital Expenditures.  A Capital Expenditure is considered to be one that is greater than $5,000 for an asset that has a useful life of more than one year.  General categories of assets include:

  • Land
  • Building
  • Building improvement
  • Leasehold improvement
  • Hardware
  • Software
  • Network equipment
  • Communication equipment
  • Office furniture and fixtures

Financial Statements

We prepare quarterly and annual financial statements in accordance with U.S. generally accepted accounting principles. The statements consistent of comparative Balance Sheets, Income Statements, Statements of Cash Flow, and Notes to Financial Statements. Financial statements are audited on an annual basis. 

2017 Third Quarter Financial Statements