August 2024
2024 Haywood Electric Membership Corporation
Annual Business Meeting August 1 Haywood EMC Board of Directors Election 2024 One candidate is seeking re-election to a 3-year term on the Haywood EMC Board of Directors. The elected candidate will represent you on the board. Ballots were mailed, emailed, and available through SmartHub on June 3, 2024. Election results will be announced during the virtual Annual Business Meeting, airing at 7 p.m. on Aug. 1 via Haywood EMC’s YouTube page. C
11,524,176
2,054,801
$170,041,857
704
0 –
28,260 1 3,820,78 776,589 9,525 1,925,523 11,095,678 1,690,436 $170,005,134
490
489
4,535,00
759
35,847 4,129,454 742,015 7,020 1,967,840
ted s Connec New Service
2023
0 –
4,642,00
723
406,506
363,044
2022
Debt Long-Term for Lines of Credit provisions Accumulated postretirement - Current Benefits Healthcare payable Accounts er deposits Consum d taxes and Withhel Accrued Other
1
29
Dollar Goes
..... 44% ed Power A Purchas Expense ... 29% ng 11% B Operati ation .............. 7% C Depreci Expense........ 9% D Interest r Equity .......... E Membe
11,288,100 20 56,346,9 100,465,594
95,788,5
Credits es Deferred and Liabiliti rs’ Equity Total Membe
ANNUAL REPORT
Where Our
(178,831)
) (122,026 12,264,744 60,311,307
2021
income Other equities
B
$45,237,651
$48,168,589
Debit Long-Term ns for lated Provisio Accumu t rent Postretiremen - Noncur Benefits Healthcare Liabilities Portion Current - Current
Haywood EMC Lineman, Clint Riddle (front left), Dylon Winchester (front right), Jarrette Smith (back right) and Bennett Guthrie (back left) work on replacing two transmission poles that were damaged by fallen trees during April 2023's historic windstorm.
A
$170,005,134
$170,041,857
538
Equity
capital ensive Patronage other compreh Accumulated
E
416
Members’
D C
59,487 1,468,675 309,722 91 20,404,1 416,377
21,183
479
ES & EQUITI LIABILITIES
557,718 5,013 1,635,353 323,332 14,910,907 1,229,743
431
Debits Deferred Total Assets
2023
2021
3 3,256,32 4,280,171 3,411,322 1,420,492
357
2020
From
2020
2022 2019
Dollar Comes
.... 75% tial........... 16% A Residen l ...................... . 7% B Seasona rcial .............. C Comme ....... 2% al .............. D Industri
3,371,252 3 9,583,33 2,901,748 6 2,338,88 367,981 3,107
2019
28,883
MEMBERS IN 2023 29K 28K 27K
666,457 7
6,220,42
Cash Investm Temporary Receivable Accounts revenue le Unbilled s receivab Other account - current portion le Notes receivab ble Interest Receiva and supplies Materials ents Prepaym
ber Growth
For more than 25 years, Haywood EMC has seen its membership growth each year. Nearly all this growth can be attributed to residential accounts as Western North Carolina’s communities continue to grow with new home builds. The operations and engineering team at Haywood EMC has planned for this growth and worked to improve and grow the infrastructure to take on more load remaining reliable while and affordable. These new plans have taken shape with system upgrades along transmission in substations, and lines, along major circuits.
A Where Our
5,115,279 205,383 6,481 7 1,266,66 6,593,810
3 5,395,08 155,275 3,612
2018
Haywood EMC Lineman, David Owen (l) and Clarence Raines (r), finalize repairs on a de-energized line after replacing damage equipment from a thunderstorm in Lake Toxaway.
ONMem
,511 $197,070 8 2,999,16 200,069,679 23) (57,478,9 142,590,756
$205,228,678 4 3,186,40 208,415,082 (60,734,302) 147,680,780
2017
Plant
Haywood EMC and cost Utility its employees work service -at hard Electric plant in around the clock, -progress 365 days a year to provide Construction work-in reliable electricity Plant to all member-own ers. In Gross Utility provision 2023, the cooperative’s reliability was 99.89% Less- accumulated ortization across the service tion/am territory. for deprecia ents Assuring a high level y and Investm of reliability requires large amounts of planning Other Propert associated in and proactive Investments maintenance. Some tions of this maintenance organiza includes maintaining property all _# miles of line__ Non-utility le miles of power line Notes receivab on a rotating rights-of-way d Funds trimming schedule. Restricte Haywood EMC worked with contractors to trim right-of-way along Assets __# of miles cut__ nts Current miles of power line cash equivale in 2023. ents Cash and
D
B
2022 2023
ending
ASSETS
2016
For years
2015
bility
2014
2023
SHEE T and 2022 BALA NCE December 31, 2023
ONRelia
ANNUAL REPORT
Official Notice Haywood EMC will hold its Annual Business Meeting to confirm the 2024 Director Election this August. This year’s Annual Business Meeting will be live-streamed online beginning at 7 p.m. on Thursday, Aug. 1. The live stream process is a change from past years’ Business Meetings. This new process will allow all member-owners to view the meeting and hear the election results without having to leave their homes. The live stream will take place on Haywood EMC’s YouTube Channel— youtube.com/@ haywoodemc. The Annual Meeting stream will begin a few minutes before the 7 p.m. meeting takes place and will stay available for member-owners to view the meeting for 90 days following the Aug. 1 meeting. For questions about this year’s Director Election and/or Business Meeting, please call our offices at 828-452-2281.The meeting will take action on the following matters: 1. The reports of Cooperative Offices, directors and committees. 2. The election of one (1) director of the cooperative: INCUMBENT DIRECTOR District
Nominee Name
Term
4
Larry Clark
3 years
3. Other business that may come before the meeting or any adjournment thereof. Clay Talley, Secretary, Haywood Electric Membership Corporation
PERIODICAL
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