East River Electric 2020 Annual Report

BALANCE SHEET
LIABILITIES AND OTHER CREDITS
DECEMBER 31 2019 2018
Equities
Membership Fees 2,500 2,500
Appropriated Margins 4,450,000 4,450,000
Patronage 215,054,353 205,124,467
Total Member and Patron Equities 219,506,853 209,576,967
Long Term Debt
RUS Mortgage Notes - 6,848
Cooperative Finance Corporation Notes 4,696,622 6,150,458
Federal Financing Bank 247,949,994 213,340,320
CoBank 53,726,437 57,068,517
Capital Lease Obligations 934,932 -
Less Advance Payments 12,109,047 11,523,630
Total Long Term Debt 295,198,938 265,042,513
Noncurrent Liabilities 1,254,234 1,179,875
Line of Credit 33,000,000 30,500,000
Current Liabilities
Accounts Payable 33,775,031 31,894,009
Accrued Liabilities 3,924,570 3,781,355
Other Current Liabilities 1,001,121 919,976
Total Current Liabilities 38,700,722 36,595,340
Deferred Credits 4,663,486 5,436,404
Total Liabilities and Other Credits 592,324,233 548,331,099
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