borrower name and address financial. and statistical

UNITED STATES DEPARTMENT OF AGRICULTURE I BORROWER DESIGNATION AR0022 RURAL UTILITIES SERVICE

FINANCIAL. AND STATISTICAL REPORT STRIJCTIONS - For detailed instructions, see RUS Bulletin 1717B-2.

'is data will be used by RUS lo review your financial situation. Your response is required U.S.C:. 901 et sea.) andmav be confidential.

-

1 a 2 0 0 5 PERIOD ENDED

BORROWER NAME AND ADDRESS CLAY CO ELEC COOP CORP PO Box 459

Coming, AR 72422- ' 300 North Missouri Avenue

CERTIFICATION

We recognize that statements contained herein concern a matter within the jurisdiction of an agency of the United States and the making ) fa false, fictitious or 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 .o the: best of our knowledge and belief.

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

DURING THE PERIOD COVERED BY THIS REPORT PURSUANT T O PART 1718 O F 7 CFR CHAPTER XVII (check one of the followingl

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

01119/2006

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.

bdd b 01/19/2006

=@ofAccoun t ing DATE Derwood Brett, General Manger DATE

I ^ . . . .

i

- .1 RLlS Form 7 (Rev. 10-00)

USDA-RUS

FINANCIAL AND STATISTICAL REPORT

-S-See KUS B ulletin 1717B-2

BORROWER DESIGNATON

AR0022

PERIOD ENDED

1 a2005

- ITEM

- Operating Revenue and Patronage Capital

Fower Production Expense - Cost of Purchased Power

Year-to-date Year-to-date Year-to-date This Month Last Year This Year Budget

(a) (b) ( 4 ( 4 15,655,643 18,591,689 16,030,394 1,482,655

0 0 0 0

7,558,670 10,125,465 7,827,386 1,115,226

Transmission Expense

Distribution Expense - Operation

Distribution ExDense - Maintenance

0 0 0 0 700,726 1,027,560 519,500 48,072

1 650 247 1 262 983 1551 000 86 621

Customer Accounts Expense - , Customer Service and Informational Expense

I Sales Expense

0 Administrative and General Expense

ITEM

627,983 703,653 619,650 136,567 91,765 88,280 169,500 9,625

0 0 o # 0

2,035,279 2,156,595 2,041,000 168,705

Year-to-date Year-to-date Last Year This Year I (b)

1 Total Operation & Maintenance Expense (2 thru IO)

2 Depreciation and Amortization Expense - - 3 Tax Expense - Property & Gross Receipts

12,664,670 15,364,536 12,728,036 1,564,816

1,502,061 1,547,597 1,542,625 129,702

38,018 20,179 111,400 1,004

7. Miles Distribution - Underground I 109.901 114.401

- 4 Tax Expense - Other

5 Interest on Long-Term Debt

6 Interest Charged to Construction -Credit I7 Interest Expense - Other

18Other Deductions

2,763 ( 308) 2,050 ( 353) 1,417,839 1,460,199 1,457,380 12331 4

0 0 0 0

6,012 4,905 11,645 41 4

13,906 6,751 12.500 1,719

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

19 Total Cost of Electric Sewice (11 thru 18)

!O Patronage Capital & Operating Margins (1 minus 19)

!I Non Operating Margins - Interest

15,645,269 18,403,859 15,865,636 1,820,816

10,374 187,830 164,758 ( 338,161)

192,067 240,317 174,250 27,311

!2 Allowance for Funds Used Dunng Construction

!3 Income (Loss) from Equity Investments

!4 - Non Operating Margins - Other

!5 Generation and Transmission Capital Credits 26 Other Capital Credits and Patronage Dividends

27 Extraordinary Items

-

28 Patronage Capital or Margins (20 thru 27)

0 0 0 0

7,966 0 0 0 15,979 ( 112,172) ( 12,500) ( 8,488)

218,558 37,380 200,000 37,380

72,993 108,774 61,000 0

0 0 0 0

517,937 462,129 587,508 ( 281,958)

1. New Services Connected

2. !Services Retired

3. 'Total Services in Place

-

4. Idle Services (Exclude Seasonal)

5. Miles Transmission

6. Miles Distribution -Overhead

238 152

67 64

13,102 13,246

118 47

0.00 0.00

2,541.74 2,543.54

8. Total Miles Energized (5 + 6 + 7) 2,651 6 4 2,657.94

USDA-RUS BORROWER DESIGNATION

Total Utility Plant in Service 50,639,442 Construction Work in Progress 44,062 Total Utility Plant (1 + 2) 50,683,504

ASSETS AND OTHER DEBITS LIABILITIES AND OTHER CREDITS

Accum. Provision for Depreciation and Amot 12,900,142 I

~

. Investments in Economic Development Projects 0

Net Utility Plant (3 - 4) 37,783,362

.Non-Utility Property (Net) 16,500 Investments in Subsidiary Companies 10,533 Invest. in Assoc. Org. - Patronage Capital 7,119,453 1 Invest. in Assoc. Org. -Other - General Funds I. Invest. in Assoc. Om. - Other - Nonaeneral Funds

104,990 691.389

I. Other Investments 525 1. Special Funds I Total Other Property & Investments (6 thru 13) 7,943,390

i. Cash -General Funds 1,111,817 i. Cash - Consbuction Funds -Trustee 0

'. Special Deposits 550 I . TemDoraw Investments 5,593,662

~ ~ ~

1. Notes Receivable (Net) 0 I. Accounts Receivable - Sales of Energy (Net) 1,437,159 I. Accounts Receivable - Other (Net) 9,838

1,206,422 ?. Materials and Supplies - E l e h & Other l . Preoavments 2

1. Other Current and Accrued Assets 33,576

5 . Total Current and Accrued Assets (15 thru 24) 9,393,026

7. Other Deferred Debits 19,136

3. Total Assets and Other Debits (5+14+25 thru 27) 55,138,914

5. Regulatory Assets 0

RUS Form 7 (Rev. 10-00)

30. Patronage Capital 22,101,279 31. Operating Margins - Prior Years 50,435 32. Operating Margins - Current Year 333,984 33. Non-Operating Margins 128,145 34. Other Margins and Equities 298,168 35. Total Margins 8 Equities (29 thru 34)

36. Long-Term Debt - RUS (Net)

23,095,466

19,316,533

(Payments - Unapplied) 0 37. Long-Term Debt - RUS - Econ. Devel. (Net) 0 38. Long-Term Debt - FFB - RUS Guaranteed 9 0 39. Long-Term Debt - Other - RUS Guaranteed 40. Long-Term Debt Other (Net)

0 7,062,463

26,378,996 0

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

43. Accumulated Operating Provisions and Asset Retirement 42. Obligations Under Capital Leases - Noncurrent

Obligations 2,045,979 44. Total Other Noncurrent Liabilities (42 +43) 2.045.979

~~

45. Notes Payable 46. Accounts Payable 1,212,174 47. Consumers Deposits 369,091 48. Current Maturities Long-Term Debt 820,286 49. Current Maturities Long-Term Debt-Economic Development 0 50. Current Maturities Capital Leases 0

1,118,951

3,520,502 51. Other Current and Accrued Liabilities

52. Total Current 8 A w e d Liabilities (45 thru 51)

53. Regulatory Liabilities 0 54. Other Deferred Credits 97.971 55. Total Liabilities and Other Credits (35+41 +44 +52 thru 54) 55,438,944

1

Page 2

According to the Papenvotk Reduction Act of 1995. an agency may not conduct 01 sponsor, and a person is not required to respond to, a collecbon of informahon unless It displays a valid OM0 Control number The valid OM0 contrd number for thls information collection is 05724032 The bme required to complete this information collection is eshmated to average 25 hours per response. including the time for rewmng instrudons. searching eusting data sources, gathering and maintaining the data needed, and completing and rewewlng the colledion of information.

AR0022 UNITED STATES DEPARTMENT OF AGRICULTURE I BORROWER DESIGNATION

> FINANCIAL AND STATISTICAL REPORT 1 TRUCTIONS - For detailed mstrucboos. see RUS Bullehn 1717B-2.

IS data wi/I be used by RUS to rewew yDur finanual sifuatmn Your response IS required U S C 90 1 et seq j and may be confidential

RURAL UTILITIES SERVICE

BORROWER NAME AND ADDRESS CLAY CO ELEC COOP CORP 300 North Missouri Avenue

Coming, AR 72422- ' PO BOX 459

PERIOD ENDED 1112005

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

Ne 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 o the best of our knowledge and belief.

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

DURL?'G THE PERIOD COVERED BY THIS REPORT PURSUANT T O PART 1718 O F 7 CFR CHAPTER XVII (check one of the following)

[I All of the obligations under the RUS loan documents have hem f~::lrilled ir zl! material resDects

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

1210912005

D A T E 12/09/2005

DATE Derwood Brett, General Manger

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

~~ ~

14 Tax Expense - Other 2,696 45 1 eco I5 Interest on Long-Term Debt 1,295,609 1,336,685 1,332,380 121,9? 16 Interest Charged to Construction -Credit 0 0 0

18 Other Deductions 13,881 5,032 9,000 0 17 Interest Expense - Other 5,633 4,491 11,045 41

FINANCIAL AND STATISTICAL FtEPOliT

119 Total Cost of Electric Service (11 thru 18) 14,205,583 16,583,043 14,561,261 1,502,778

121 Non Operating Margins - Interest apv 160,246 213,006 157,750 25,642

0 Patronage Capital & Operating Margins (1 minus 19) 268,712 525,991 244,133 43,774

AR0022 I PERIOD ENDED

22 Allowance for Funds Used Dunng Construction 0 0 0 0 23 Income (Loss) from Equity Investments. 65 0 0 0

24 Non Operating Margins - Other OQD 17,194 ( 103,684) ( 15,500) ( 8.805) 25 Generation and Transmission Capital Credits 0 . o 0 0

72,993 108,774 61 .OOO 11,024 26 Other Capital Credits and Patronage Dwidends 27 Extraordinary Items 0 0 0 0

qQ

QGQ

28 Patronage Capital or Margins (20 thru 27) 519,210 744,087 447,383 71,635

Part 6. Data o n Transmission and Distribution Plant

L Last Year This Year ITEM Year-to-date Year-to-date

1112005 S-See RUS B ulletm 1717B-2 Part A. Statement of Operations

t


ITEM

7 USDA-RUS

11. Operating Revenue and Patronage Capital I 14.474,2951 17,109,0341 14,805,394 I 1,546.55:

BORROWER DESIGNATION

2 Power Produckn Expense

3 Cost of Purchased Power 14. Transmission Expense I 01 01 0 1 I

~

0 0 0 t

6,930,928 9,010,239 7,198,986 865,06!

15 Distribution Expense - Operation I 581,297 I 979,4881 461,500 I 53.661

~ ~ ~ ~~

9 Sales Expense

10 Administratwe and General Expense

16 Distribution Expense - Maintenance I 1,482,9061 1,176,3621 1,456,000 I 80,15

~

0 0 0 ’

1,841,119 1,987,890 1,883,000 205,42

17 Customer Accounts Expense I 563,1001 567,0861 563,650 I 38,058

11 Total Operation & Maintenance Expense (2 thru IO) 12. Depreciation and Amortization Expense

18 Customer Service and Informational Expense I 83,141 I 78,6551 162,000 I 8.38

11,482,491 13,799,720 1 1,725,136 1,250,75

1,371,558 1,417,895 1,414,500 128,67

(a) (b)

113 Tax Expense - Property & Gross Receipts I 33,7151 19,1751 67,400 I 1,Ol

5. Miles Transmission 0 . q 0.00

7. Miles Distribution - Underground

8. Total Miles Energized (5 + 6 + 7)

109.50 114.10

2,651.04 2,659.44

12. Services Retired I 631 531 13. Total Services in Place I 13,0921 13,2381

14. Idle Services (Exclude Seasonal) I 1231 651

7 USDA-RUS

t'

1 F'INAiWC1.4L AND ST.4TISTTCAL REP9P.T

Part C. Balance Sheet

ASSETS AND OTHER DEBITS LlABlLITlES AND OTHER CREDITS

1. Total Utility Plant in Service 50,495,845 29. Memberships 183,420

3. Total Utility Plant (1 + 2) 50,644,496 31. Operating Margins - Prior Years 50,435 4. Accum. Provision for Depreciation and Amort. 12,817,466 32. Operating Margins - Current Year 634,765 5. Net Utility Plant (3 - 4) 37,827,030 33. Non-Operating Margins 109,322

6. Non-Utility Property (Net) 14,154 34. Other Margins and Equities 298,168

7. Investments in Subsidiary Companies 10,533 35. Total Margins 8 Equities (29 thru 34) 23,377,390

19,925,388 8. Invest in Assoc. Org. -Patronage Capital

2. Consbudon Work in Progress 148,651 30. Patronage Capital 22,101,280

7,082,073

691,389


9. Invest in Assoc. Org. - Other - General Funds 117,715 (Payments - Unapplied) 0 10. Invest in Assoc. Org. - Other - Nongeneral Funds

11. Investments in Economic Development Projects 0 38. Long-Term Debt - FFB - RUS Guaranteed 9 0 12. Other Investments 525 39. Long-Term Debt - Other - RUS Guaranteed 0

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

13. Special Funds 0 40. Long-Term Debt Other (Net) 7,297,234 14. Total Other Property 8 Investments (6 thru 13) 27,222,622

16. Cash - Construdon Funds -Trustee

17. Special Deposits 550 Obligations 2,045,082 18. Temporary Investments 5,539,239 44. Total Other Noncurrent Liabilities (42 + 43) 2,045,082 19. Notes Receivable (Net) 0 45. Notes Pavable 0

7,916,389 41. Total Long-Term Debt (36 thru 40)

15. Cash -General Funds 1,017,759 42. Obligations Under Capital Leases - Noncurrent 0 0 43. Accumulated Operating Provisions and Asset Retirement


20. AmuntsReceivable - Sales of Energy (Net) 21. Amunts Receivable -Other (Net) 22. Materials and Supplies - Elecbic 8 Other

1,580,235 12,689

1,212,323

AR0022

PERIOD ENDED

46. Accounts Payable 936,842 47. Consumers Deposits 367,901 48. Current Maturities Lonq-Term Debt 8,819

1112005

23. Prepayments 14,383 4. Other Current and Accrued Assets 26,529

49. Current Maturities Long-Term Debt-Economic

Development

8. Total Assets and Other Debits (5+14+25 thru 27) 55,166,740 53. Regulatory Liabilities 0 54. Other Deferred Credits 102,308

0

5. Total Current and Accrued Assets (15 thru 24) 9,403,707 1 50. Current Maturities Capital Leases 0

6. Regulatory Assets 0 I 51. Other Current and Accrued Liabilities 1,105,775

7. Other Deferred Debits 19,614 I 52. Total Current 8 Accrued Liabilities (45 thru 51) 2,419,337

RUS Form 7 (Rev. 10-00) Pane 7

cording lo the Papem 2rk Reduction Act of 1995. an agency may not conduct or sponsor and a person is not required lo respond to. a COlleCtlOn Of infOrmatiOn unless it displays a valid OMB control mber The valid OMB control nurnber for lhis information collection is 0572-0032 The time required to COmPlete this information COlleCtlOn 1s estimated to averaae 25 hours Der remonse includino the

UNIT ED STATES DEPARTMENT OF AGRICULTURE RURAL UTILITIES SERVICE

FINANCIAL' AND STATISTICAL REPORT STRUCTIONS -For detailed instructions, see RUS Bullehn 1717B-2

s data will be used by RUS to review your financial situation Your response IS required U S C 901 et seq ) and may be confidential

BORROWER DESIGNATION AR0022

PERIOD ENDED I012005

BORROWER NAME AND ADDRESS CLAY CO ELEC COOP CORP 300 North Missouri Avenue

' Corning, AR 72422-

CERTIFICATION

Ve recognize that statements contained herein concern a matter within the jurisdiction of an agency of the United States and the making f a false, fictitious or fraudulent statement may render the maker subject to prosecution under Title 18, United States Code Section 1001.

Ve 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 3 the best of our knowledge and belief.

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

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

c] .411 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) i s h e specifically described in Part D of this report.

1 1/10/2005 dtdv2 1111012005 DATE Denvood Brett, General Manager DATE

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

I , . I I

11 Total Operation 8 Maintenance Expense (2 thru IO) 10,61a,574( 12,548,9681 10,679,336 I 1,290,704

12 Depreciation and Amortization Expense I 1,244,8731 1,289,2251 1,285,500 I 128,396 13 Tax Expense - Property 8 Gross Receipts 29,356 18,163 21,400 1,014 1 4 Tax Expense - Other 2,696 45 1,750 0

16 Interest Charged to Construction -Credit 0 0 0 0

17 Interest Expense - Other 5,274 4,081 10,045 415

18 Other Deductions 13,747 5,032 6,000 65

15 Interest on Long-Term Debt 1,176,797 1,214,752 1,208,380 124,461

8 Customer Service and Informational Expense I 75,6401 70,2701 154,200 I 3,22

19 Total Cost of Electnc Service (11 thru 18) 13,091,317 15,080,266 13,212,411 1,545,055

20 Patronage Capital 8 Operating Margins (1 minus 19) 185,504 482 216 378,483 479,43c

21 Non Operating Margins - Interest 141,985 187,364 139,750 17,311

22 Allowance for Funds Used During Construction 0 0 0 C

23 Income (Loss) from Equity Investments 65 0 0 c 24 Non Operating Margins -Other 18,069 ( 94.878) ( 16,500) ( 18.094‘

25 Generation and Transmission Capital Credits 0 0 0 t

26 Other Capital Credits and Patronage Dividends 42,424 97,751 61,000 (

27 Extraordinary Items 0 0 0 (

28 Patronage Capital or Margins (20 thru 27) 388,047 672,453 562,733 478,64i

USDA-RUS


-SSee RUS B ulletm 17 r7B-2


AR0022

PERIOD ENDED

1012005

ITEM

1 Operating Revenue and Patronage Capital

2 Power Production Expense

4 Transmission Expense

3 Cost of Purchased Power

Year-to-date Year-to-date Year-todate Last Year This Year Budget This Month

(a) (b) ( 4 ( 4 13,276,821 15,562,482 13,590,894 2.024,48

0 0 0

6,384,202 8,145,169 6,533,986 898,04

0 0 0 5 Distribution Expense - Operation

6 Distnbution Expense - Maintenance

7 Customer Accounts Expense

I Part B. Data on Transmission and Distribution Plant

613,444 925,822 436,500 53.28

1,369,885 1,096,204 1,341,000 73,89

506,039 529,036 504,650 72,82

ITEM 4

9 Sales Expense

Year-todate Year-to-date Last Year This Year 1 b )

01 01 0 1’

1 New Services Connected 2 Services Retired

3 Total Services in Place

216 174 58 51

13,089 13,223

I


4 Idle Services (Exclude Seasonal)

5 Miles Transmission

6 Miles Distribution -Overhead

7 Miles Distribution - Underground 8 Total Miles Energized (5 + 6 + 7)

144 84

000 0 00

2,541 54 2,544 34 109 40 113 80

2,650 94 2,658 14


AR0022 FINANCIAL AND STATISTICAL REPORT PERIOD ENDED

10/2005 JSTRUCTIONS-See RUS Bulletin 17178-2 Part C. Balance Sheet


50,114,181 29. Memberships 183,510 Total Utility Plant in Service

Construction Work in Progress 81 5,120 30. Patronage Capital 22,101,279 Total Utility Plant (1 + 2) 50,929,301 31. Operating Margins -Prior Years 50,435 Accum. Provision for Depreciation and Amort. 13,085,998 32. Operating Margins - Current Year 579,967 Net Utility Plant (3 - 4) 37,843,303 33. Non-Operating Margins 92,485

Non-Utility Property (Net) 14,036 34. Other Margins and Equities 298,168

Investments in Subsidialy Companies 10,533 35. Total Margins & Equities (29 thru 34) 23,305,844 Invest in Assoc. Org. - Patronage Capital 7,287,565 36. Long-Term Debt - RUS (Net) 19,925,388 Invest in Assoc. Org. - Other -General Funds 117,330 (Payments - Unapplied) 0

8. Invest. in Assoc. Org. - Other - Nongeneral Funds 37. Long-Term Debt - RUS - Econ. Devel. (Net) 0

38. Long-Term Debt - FFB - RUS Guaranteed # 0

.L

691,389

!. Other Investments 525 2 0

I . Temporary Investments 5,122,190 I 44. Total Other Noncurrent Liabilities (42 +43) 2,044,186

i. Special Funds 0 40. Long-Tern Debt Other (Net) 7,297,234 ' I. Total Other Property & Investments (6 thru 13)

i. Cash - Construc6on Funds -Trustee

'. Special Deposits 550 Obliuations 2,044,186

8,121,378 41. Total Long-Term Debt (36 thru 40)

43. Accumulated Operating Provisions and Asset Retirement

27,222,622

i. Cash - General Funds 1,244,150 42. Obligations Under Capital Leases -Noncurrent 0 0

1. Notes Receivable (Net) 0 1 45. Notes Payable 0 I. Accounts Receivable - Sales of Energy (Net) 1,777,913 1 46. Accounts Payable 1,011,182 I. Accounts Receivable - Other (Net) 9,801

2. Materials and Supplies - Electnc & Other 1,229,740

3. Prepayments 29,148

1. Other Current and Accrued Assets 18,833

5 . Total Current and Accrued Assets (15 thru 24) 9,432,325

3. Regulatory Assets 0 7. Other Deferred Debits 19,902 3 Total Assets and Other Debits (5+14+25 thru 27) 55,416,908

47. Consumers Deposits 367,507 48. Current Maturities Long-Term Debt 151,327


Development 0

50. Current Maturities Capital Leases 0

51. Other Current and Accrued Liabilities 1,214,330 2,744.346 52. Total Current & Accrued Liabilities (45 thru 51)

53. Requlatorv Liabilities 0

P

?US Form 7 (Rev. 10-00)

54. Other Deferred Credits 99,910 55. Total Liabilities and Other Credits (35+41 +44 +52 thnr I 541 55,416,908

Page 2

UNITED STATES DEPARTMENT OF AGRICULTURE RURAL UTILITIES SERVICE

FINANCIAL AND STATISTICAL REPORT TRUCTIONS - For detailed insbuctions, sce RUS Bulletin 1717B-2.

~

IS dafa w17/ ba used by RUS to rekfmv)cur~%~ndal silustion. Your response is raquimd U.S.C. 901 et seq.) and may be cnnEiienfial.

Ne recognize that statements contained herein concern a matter within the jurisdiction of an agency of the United States and the making If a false, fictitious or fraudulent statement may render the maker subject to prosecution under Title 18, United States Code Section 1001.

BORROWER DESIGNATION moo22

PERIOD ENDED 9/2005

BORROWER NAME AND ADDRESS CLAY CO ELEC COOP CORP 300 N Missouri Avenue POBOX 459 Coming, US 72422-

Ve 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 o 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 ofthefollowing)

0 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) islare specifically described in Part D of this report.

f


Y ear-Iodate I This Year Year-Iodate

Last Year


This Month Y ear-to-date

Budgd

AR0022

PERIOD ENDED


2 Power Production ExDense

ONS-See B ~llet in 171'/B-2 912005 I Part A. Statement of Operations

(a) (b), ( 4 . ( 4 2,391,471 11,706,823 / 13,537,997 0

0 0 0

ITEM

3. Cost of Purchased Power

4. Transmission Expense

5. Distribution Expense - *ration

5,695,009 7,247,123 0 961,82! 0 0 0 I

520,136 872,538 0 68,031 6 Distnbution Expense - Mantenance

7 Customer Accounts Expense

8 Customer Service and Informational Emnse

1,267,099 1,022,305 . O 94,01!

444,869 456,215 ' 0 52,32!

68 059 67 050 0 7 43!

19 Sales Expense 0 0 0

11 Total Operation & Maintenance Expense (2 thru 10) 9,509,966 1 1,258,264 0 . - 1,352.m

13 Tax Expense - Property 8 Gross Receipts 24,991 17,149 0 1 ,oo( 1 4 Tax Expense - Other 2,691 45 0 I 15 Interest on Long-Term Debt 1,055,479 1,090,291 0 120.M

16 Interest Charged lo Construction - CreQt 0 0 0 I

10 AdminisIrahe and General Expense 1,514,794 1,593,033 0 ' 168,693

12 Depreciatron and Arnorbzation Expense 1,118,431 1,160,828 0 130,25!

17 Interest E p m e - Other

18 Other Deductions

'9 Total Cost of Electric Servtce (11 thru 18) -0 Patronage Capital & Operating Margins (1 minus 19)

22 Allowance for Funds Used During Construction

23 Income (Loss) from Esurty Investments

21 Non Operating Margins - Interest

4,591 3,666 0 42 9,511 4,967 0 2,431

11,725,660 13,535,210 0 1,606,m

( 18,837) 2,787 0 784,59 123.478 170,052 0 13,lY

0 0 0 I

65 0 0 I

124. Non Operating Margins - Other I ( 6,24911 ( 76,78511 * 0 1.; ( 46,842

25. Generation and Transmission Capital Credits

26. Other Capital Credits and Patronage Dividends

0 0 0 I

42,424 97,751 0 3 9 3 27. Extraordinary Items

~~~~

I Part B. Data on Transmission and Distribution Plant

01 01 0 1 I

ITEM L

1. New Services Connected ~ ~~~~~

2 Services Rebred 27 I 38 I 3. Total Services in Place 12.8761 1.325

Year- th te Y ear-to-date Last Year This Year

(a) @) 199 153

14. idle Services (Exclude Seasonal) I 441 I 94 5. Miles Transmission

6. Miles Distribution - Overhead

7. Miles Distribution - Underground

0.00 0.00 2,531.10 2,546.04

106.10 113.20 8. Total Miles Energized (5 + 6 + 7) 2,637.201 2,659.24

USDA-RUS r- FINANCIAL AND STATISTICAL REPORT


AR0022

PERIOD ENDED

I 912005 I INSTRUCTIONS-See RUS Bulletin 17178-2

Part C. Balance Sheet ~~ ~

LIABILITIES AND OTHER CREDITS ASSETS AND OTHER DEBITS /

1, Total U t i l i Plant in Service 2. Constructon Work in Progress 3. Total U t i l i Plant (1 +2)

50,M)4,110 824,366

50.828.476

29. Memberships 183,390 30. Patronage Capital 22,101,279 31. Operating Margins - Prior Years 50,435 32. Owrating Maruins -Current Year 100.537 14. Accum. Provision for Depreciation and AmoR 12,961,890

15. Net Utility Plant (3 - 4) 37,866,586 ~~

93,268 33. Non-Opera&ls Margins 34. Other Margins and Equities 298,168 6. Non-Utili Properly (Net) 14,329

7. Investments in Subsiiiary Companies 10,533 8. Invest. in Assoc. Org. -Patronage Capital 7,287,565

35. Total Margins & Equities (29 thru 34) 36. Long-Term Debt - RUS (Net)

22,027,077 19,925,387

9. Invest in Assoc. Org. -Other - General Funds 10. Invest in Assoc. Om. - Other - Noweneral Funds

117,330 691.389

(Payments - Unapplied) 0 0 0 0

. - 7,297,235 27.222.622

37. Long-Tern Debt - RUS -€con. Devel. (Net) 38. Long-Term Debt - FFB - RUS Guaranteed

39. Long-Term Debt - Other - RUS Guaranteed 40. Long-Term Debt Other (Net)

41. Total Lorn-Term Debt (36 thnr 401

~~ I 11. Investments in Economic Development Proiects 0 ~~

I 12. Other Investments 525 ~

13. Special Funds 0 14. Total Other Property 8 Investments (6 thru 13) 8,121.671

115. Cash -General Funds 1,107,933 42. OMiations Under &ita1 Leases - Noncurrent 0 43. Accumulated Operating Provisions and Asset Retirement Obbations 2,043,474

16. Cash - Construction Funds -Trustee 0 17. SDedal Deoosits 550 18. Temporary Investments 4,58&687 19. Notes Receivable (Net) 0

44. Total Other Noncurrent Labilities (42 + 43) 2,043,474 45. Notes Pavable 0

120. Accounts ReceivaMe - Sales of Energy (Net) 2 x 6 1 6 46. Accounts Payable 1,051,456

121. Accounts Receivable - Other (Net) 2,507 47. Consumers Deposits 371,211

48. Current Maturities Long-Term Debt 183,202

49. Current Maturities Long-Term Debt-Economic '2 Materials and Supplies -Electric 8 Other

24. Other Current and Amued Assets 25. Total Currenl and A m e d Assets (1 5 thru 24)

1,188,166

56,920 9,075,907

13. Prepayments 43,528 Development 0

50. Current Maturities Capital Leases 0 51. Other Current and Accrued Liabilities 1,286,670 52. Total Current 8 Accrued Liabilities (45 thru 51) - : 2,892,539

26. Regulatory Assets 0 27. Other Defemed Debits 20.199

~~

128. Total Assets and Other Debts (5+14& thru 27) ~ 55,084,363 53. Regulatory L i a b i l i 0 54. Other Deferred Credits 98,651

55. Total Liabirties and Other Credits (35+ 41 + 44 + 52 thru 54) 55,084,363

c




PERIOD ENDED 812005

BORROWER NAME AND ADDRESS CLAY CO ELEC COOP CORP 300 North Missouri Avenue Coming, AR 72422-

rRUCTlONS - For detailed instruCtions, see RUS Bulletin 1717B-2.

lis data m71 be used by RUS to review ywr finanaal situation. Your response is required U.S.C. 901 et seq.) and may be confidential.

CERTIFICATION

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

We hereby certify that the enhies 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.


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

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

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

09/19/2005

DATE 09/19/2005

DATE Derwood B;ett, General Manager

P


USDA-RUS

Year-to-date I This Year I Budget Year-tc-date Year-t&te

Last Year


This Month

-S-See KUS B ulletin 1717B-2

(a)


AR0022

(b) ( 4 I (4

PWOD ENDED

1. Operating Revenue and Patronage Capital

812005

10,143,5661 11,146,5191 01 2,092,884

Part A. Statement of Operations I

12 Power Production Expense I 01

USDA-RUS

F'INANCIAL AND STATISTICAL REPORT

INSTRUCTIONS -See RUS Bulletin 1717B-2 ~


Total U t i l i Plant in Service ' 50,673,445 29. Memberships 183,875

ASSETS AND OTHER DEBITS I\ LIABILITIES AND OTHER CREDITS

Construction Work in Progress 856,931 30. Patronage Capital 22,101,280 Total U t i l i Plant (I + 2) 51,530,376 31. Operatina Mamins - Prior Years 50.435


AR0022

~

Accum. Provision for Depredation and Amot 13,647,420 I 32. Operating Margins -Current Year ( 723.320) I

PERIOD ENDED

a2005

Net U t i l i Plant (3 - 4) 37,882,956 I 33. Non-Operating Margins 126,915 1 Non-Utilii ProDertv (Net) 12,401 I 34. Other Margins and Equities 298,168 1

~~

Investments in Subsidiary Companies 10,533 Invest in Assoc. OKJ. -Patronage Capital 7,252,364 Invest in Assoc. Org. -Other - General Funds 117.330 I. Invest in Assoc. Org. -Other - Nongeneral Funds 691,389 . Investments in Economic Development Projects 0 !. Other Investments 525 I. Special Funds 0 I. Total Other Property 8 Investments (6 thru 13) 8,084,542 i. Cash -General Funds 1,081,939 i. Cash - Construction Funds -Trustee 0 '. Special Deposits 550 1. Temporary Investments 4,666,663 3. Notes Receivable (Net) 0

1,706,191 1. Accounts Receivable -Other (Net) 2,400

1,203,385

I. Amunts Receivable - Sales of Energy (Net)

2. Materials and Supplies - Electric 8 Other

3. Prepayments 49,761 '

35. Total Margins & Equities (29 thru 34) 36. Long-Term Debt - RUS (Net)

22,037,353 19,925,388

0 0 0

7,297,234 27,222,622

0

(Payments - Unapplied) 0 37. Long-Term Debt - RUS - Econ. Devel. (Net) 38. Long-Term Debt - FFB - RUS Guaranteed

39. Long-Term Debt - Other - RUS Guaranteed

40. LongTerm Debt Other (Net)

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


Obligations 2,043,106 44. Total Other Noncurrent Liabilities (42 + 43) 2,043,106

42. Obligations Under Capital Leases - Noncurrent

45. Notes Payable 0

47. Consumers Deposits 378,449 46. Accounts Payable 1,567,553

48. Current Maturities Long-Ten Debt 49. Current Maturities Long-Term Debt-Economic

217,500

~~ ~ ~ ~~~~ ~

8. Total Assets and Other Debits (5+14+25 thru 27) 54,764,635 53. Regulatory Liabilities 0 51. Other Deferred Credits 100,824 55. Total Liabilities and Other Credits (35+41 + 44 + 52 thru 5A\ 54.764.635

4. Other Current and A m e d Assets 62,097 5. Total Current and A m e d Assets (15 thru 24) 8,772,986 6. Regulatory Assets 0 7. Other Deferred Debits 24.151

Development 0 50. Current Maturities Capital Leases 51. Other Current and A m e d Liabilities 52. Total Current & A m e d Liabilities (45 thru 51)

0 1,197,228 3,360,730

Y


FTNANCIAL AND STATISTICAL REPORT fSTRUCTIONS -For detailed instructions, xt RUS Bulletin 1717B-2.

iis data will be used by RUS to review your fuancial situation. Your response is required U.S.C. 901 et seq.) and may be wnfidential.

CERTIFICATION


PERIOD ENDED 712005

BORROWER NAME AND ADDRESS CLAY CO ELEC COOP CORP 300 North Missouri Avenue PO Box 459 Coming, AR 72-422

We recognize that statements contained herein concern a matter within the jurisdiction of an agency of the United States and the making 3f a false, fictitious or 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 tecords of the system and reflect the status of the system to the best of our knowledge and belief.

ALL MSURANCE REQUIRED BY PART 1788 OF 7 CFR CHAPTERXVII, 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 ofthe followingl

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

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

D-~no 4 4 RI IS Fnnn 7 fRnv 10-00)

=-See R d B u l l dinImB-2 712005 t Part A. Statement of Operations


1. Operating Revenue and Patronage Capital I 8,505,022l 9,053,6341 0 1 1.794.14

I AR0022

2. Power Production Expense I 01 I ol 0 1

PBRIODENDED I

3 Cost of Purchased Power 4,367,734 5,093,899 0 1,000,BE

4 Transmission Expense 0 0 0

hstnbuhon Expense - Operation 344,975 736,951 0 86,&

hstnbuhn Expense - Maintenance 837,737 828,419 0 124,%

hstomer Accounts Expense 328,795 . 296,638 0 40.4' hstomer Service and Informational Expense

ITEM

53,8161 51,5121 0 1 59;

~ ~

I Last Year I This Year I Budget I This Month Year - th te Year-to-date Year-to-date

;ales Ewense 01 01 0 1 Administrative and General Expense

Total Operation & Maintenance Expense (2 thru 10)

Dwreciation and Amortization b n s e

1,180,780 1,212,328 0 214,3;

7,113,837 8,219,747 0 1 p4720€i

866.217 900.643 0 129.2!

Other Deductions

Total Cost of Electric Service (11 thru 18)

Patronage Capital & Operating Margins (1 minus 19)

4,835 2,487 0 8,821,367 9,987,384 0 1,728.7

( 316,345) ( 933,750) 0 65,4

Tax Expense - Property & Gross Receipts I 18,511l 15,1431 0 1 2.1;

Non Operating Margins - Other

Generation and Transmission Capital Credits

. Other Caoital Credits and Patronaoe Dividends

Tax Expense - Other I ( 2,75771 4 0 1

( 4,501) ( 10,894) 0 ( 6,2f

0 0 0

5.155 58.489 0 38.0

lnlerest on LongTerm Debt I 816,7771 846,4991 0 1 124,2l

Extraordinary Ilems

Patronage Capital or Margins (20 thru 27)

Interest Charoed to Construction - Credit I 01 01 0 1

0 0 0 ( 2zZ,O77) ( 749,790) 0 115,2

Interest Expense - Other I 3,9471 2,8201 0 1 4

ITEM Year-to-date Year-to-date c Last Year This Year

(a) (b) New SeMces Connected 161 98

Services Retired 43 20 Total SeMces in Place 13,049 13,184

Idle SeMces (Exclude Seasonal) 68 ( 214) ~ ~~ ~

Miles Transmission

Miles Dlstribution -Overhead

Miles Distrbution - Underground

Total Miles Eneraized 15 + 6 + 7)

Non Operating Margins - Interest I 93,5491 136.365) 0 1 18,O

000 000

2,53984 . 2,544 44 108 20 111 50

2 648 04 2 655 94

Allowance for Funds Used During Construction I 01 01 0 1 Income (Loss) from Equity Investments I 4 01 0 1

Pa"- 1 3 RUS Form 7 (Rev. 10-00)

USDA-RUS


NSTRUCTIONS-See RUS Bulletin 1717B-2

~~

ASSETS AND OTHER DEBITS LlABlLITlES AND OTHER CREDITS

Total Utili i Plant in Service 50,384,069 29. Memberships 183,850

. Total Utili i Plant (1 + 2) 51,233,129 31. Operating Margins - Prior Years 50,435

( 875,260) . Accum. Provision for Depreciation and Amort

. Net Utility Plant (3 - 4) 37,713,762 33. Non-Operating Margins 12547 1

. Non-Utility Property (Net) 12,658 34. Other Margins and Equities 298,168

, Investments in Subsidiary Companies 10,533 35. Total Margins & Equities (29 thru 34) 21.883.944

, Construction Work in Progress 849,060 30. Patronage Capital 22,101,280

13,519,367 32. Operating Margins - Current Year


AR0022

2. Other Investments 525 39. Long-Term Debt - Other - RUS Guaranteed 0 3. Special Funds 0 40. Long-Term Debt Other (Net) 7,297,235

4. Total Other Property & Investments (6 thru 13) 27,222,622

6. Cash -Construction Funds -Trustee

7. Speaal Deposits 550 Obligations 2,043,265 8. Temporary Investments 5,152,813 44. Total Other Noncurrent Liabilities (42 +43) 2,043,265 , 9. Notes Receivable (Net) 0 45. Notes Payable 0

8,122,606

0



5. Cash -General Funds 631,145 42. Obligations Under Capital Leases - Noncurrent 0

!O. A m u n k Receivable - Sales of Enemy (Net) 1,683,640 46. A m u n k Payable 1,305,373

PERIOD ENDED

712005

!l. Accounts Receivable - Other (Net) 2,263 47. Consumers Deposits 378.039 !2. Materials and Supplies - Electric & Other 1,103,755 48. Current Maturities Long-Term Debt 355,324

!3. Prepayments 67,230. 49. Current Maturities Long-Term Debt-Economic !4. Other Current and Accrued Assets 33,534 Development 0 !5. Total Current and Accrued Assets (15 thru 24) 8,674,930 50. Current Maturities Capital Leases 0 !6. Regulatory Assets 0 51. Other Current and Accrued Liabilities 1,242,169 27. Other Deferred Debits 24,974 52. Total Current & Accrued Liabilities (45 thru 51) 3,280,905

Part C. Balance Sheet I

28. Total Assets and Other Debits (5+14+25 thru 27) 54536,272 I 53. Regulatory Liabilities 0 I 54. Other Deferred Credits 105.537

. Invest in Assoc. Om. -Patronage Capital 7,290,171 I 36. Long-Term Debt - RUS (Net) 0 1

. Invest in Assoc. Org. -Other - General Funds 117,330 I (Payments - Unapplied) 0 0. Invest in Assoc. Om. - Other - Nonqeneral Funds 691,389 I 37. Long-Term Debt - RUS - Econ. Devel. (Net) 19.925.387

1. Investments in Economic Development Projects 0 I 38. Long-Term Debt - FFB - RUS Guaranteed 0 1


55. Total Liabilities and Other Credits (35+41 +44 + 52 thru 541 54.536.273

Page 2

According to the Fapenw~rk Reduction Act Of 1995, an agency may not conduct or sponsor. and a person is n d required to respond IO. a COiiection of information UnleSS it displays a valid OM8 control number. The valid OMB control number lor this information collection is 0572-0032. The time required to complete this information collection is estimated to average 25 hours per respwe. including the time for reviewing instructions. Searching edsting data sources. gathering and maintaining the data needed. and completing and reviewing the collection of information.

1 , FINANCIAL AND STATISTICAL REPORT

UNlTED STATES DEPARTMENT OF AGRICULTURE RURAL UTILlTLES SERVICE

- XRUCTIONS - For detailed iaSOUctioa~, see RUS Bulletin 1717B-2

is data wiN be used by RUS lo review your rinancial situation. Your response is mquM U.S.C. 901 et seq.) and maybe wnfrdential.

300 N Missouri Avenue

Coming, AR 724-22 ' PO BOX 459

I BORROWER DESIGNATION AR0022

PERIOD ENDED 612005

BORROWER NAME AND ADDRESS CLAY CO ELEC COOP GORP

CERTIFIC ATlON

Ne recognize that statements contained herein concern a matter within the jurisdiction of an agency of the United States and the making If a false, fictitious or fraudulent statement may render the maker subject to prosecution under Title 18, United States Code Section 1001.

Ne hereby certify that the enmes in this report are in accordance with the accounts and other records of the system and reflect the status of the system o the best of our knowledge and belief.


DURING THE PERIOD COVERED BY THIS REPORT PURSUANT TO PART 1718 OF 7 CFR CHAPTER XM (check one oftliefollowing)

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

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.

0711 812005

Billie J Py@Acco&nt DATE DATE

,r &."


USUA-KUS I LxlKKoWER DESlCiNAllUN

3. Sales Expense

10. Admin i i tbe and General Expense 11. Total Operation 8 Maintenance Expense (2 thru 10) ,

AROOZ FINANCIAL AND STATISTICAL REPORT PERIODplDED

0 0 0 I

1,012,671 998,ooo 0 mi,& 5,967,202 6,747,145 0 . 1,4533

TNSTRUCTONS-See RUS Bull etin 1717B-2 t 6/2005 Part A. Statement of Operations

12. oepredation and Amortization Expense

14. Tax Expense - other

16. Interest Charged 1D Construction - Credii

13. Tax Expense - Propertv 8 Gros~ Receipts

15. Interest on Long-Term Debt

17. Interest Exoense - m e r

740,703 771,389 0 129,02

16,380 12,967 0 2,17

( 2,757) 45 0 696.659 722,232 0 120,25

0 0 0 3.767 2.403 0 42

19. Total cast of EW servii (11 thru 18)

18. wler Deductions I 4,7851 2464 0 1 10

7,426,739) 8,258,6431 01 1,7053

~~~~ ~

26. Other Capital Credii and Patmnage Dividends 5,156 m,m 0

27. Exbwrdinary Items 0 0 0 28. Patronage Capital or Margins (20 t h ~ 27) ( 390,016) ( 865,023) 0 ( 389,56

Part B. Data on Transmission and Distribution Plant ITEM Year-Mate Year-bdate

21. Non Operating Margins -Interest I 77,6331 118,3311 0 1 18,99

M Y e a r (a) 4

1. New Services Connected 131

2. ServiQs Retired 38

22. Allowance for Funds Used During Construction 1 01 01 0 1

This Year (b)

n 10

23. l n m (Loss) from Equity Investments I

3. Total S e t v i i in Place

4. Idle senrices ( E x W e Seasonal)

25. Generation and Tmmissibn CapBl Cledits I

I

13,024 12,193

126 0 k

5. Miles Transmission

6. M i DMbution - Overhead

0.00 0. 2,54154 2,543.

7. Miles Distribution -Underground 8. Total Miles Energized (5 + 6 + 7)

107.90 111.40

2,649.44 2,655.04

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

ARM22 FINANCIAL AND STATISTICAL REPORT PERIODENLED

US Bulletin 1717B-2 6/2005 t KNSTRUCTIONSSee R Part C. Balance Sheet

ASSETS AND OTHER DEBITS UABUmES AND OTHER CREDITS . Total UliIity Plant in Senrice 50,280,908 29. Membarshi 182.980

1. Total UMy Plant (1 +2) 51,119,133 31. Operating Margins - Prior Years 50,435 !, Cons6uction Work in Progress 838,225 30. Patronage Capital 22,101,279

1. Amrm. Provision for Depreciation and Amort 13,408,514 32. Operating Margins - Current Year ( 978,719) i. Net UMy Plant (3 - 4) 37,710,619 33. NokOpemting Margins 113,696 i. NonUbW Property (Net) 12,915 34. Olher Margins and Epuities 298.168

~~

r. InvesbTlents in Subsidiary Companies 10,533 I 35. Total Marsins 8 Equities (29 thru 341 21.767.839 ~~

j. Invest in Assoc Om. - Patmnage Capital 7,290,171 I 36. Long-Ten Debt- RUS (Net) 19,925,388 3. Invest m Assoc. Org. -Other- General Funds 117,330 I (Payments - Unapplied) 0 IO. Invest in Assoc Oro. -Other - Nonaeneral Funds 691.388 I 37. Lw-Term Debt - RUS - Econ. Devel. [Net) 0 11. Invesbnenb in E m m i c Devebpment Pmjeds 0 12. other Investments 525 13. Spedal Funds 0 1 4 . T o t a l ~ P r o D e r t y 8 I n ~ ~ ~ t h r u 1 3 1 ~ ' 8,122,862 1 15. Cash -General Funds 616,150 16. Cash - Construction Funds - Tnstee 0 17. S p e d Deposits 550 18. Temporary I n v m 5,571,008 19. Notes Receivable (Net) 0 20. Accounts RwzivaMe - Sales of Enemy (Net) 1,161,535 21. Accounts Receivable - Other (Net) - 131 22. Makriak and S u p p k - Electric 8 Other 959,848 23. Prepayments 60,162

24. othw Current and A m e d Asseis 33,169 25. Total Current and A m e d Assds (15 thru 24) 8,422.553 26. Regulatory Assets 0 27. Other Deferred Debits 21,726 28. Total Assets and wler Deb& (5+14+25 thru 27) 54,277,760


~~~

38. Long-Term Dew - FFB - RUS Guaranteed 39. LOna-Term Debt - wler - RUS G~aranteed

0 0

~~

&L~ng-T rn Debt Other (Net) 7,297234

42.oMiati011~ Under capital lease^ - N W r r e n t 0 43. Amrmulated operating Prarisions and Asset Retirement

Obligations 2.043.054 44. Total Other Noncurrent L i a b i l i i 142 +43) 2.043.054 . - * ~. . 45. Notes Pawble 0 46. A m n t s Payable 1.219238 47, consumers Deposits 362,951 48. Current Maturities Long-Tm Debt 386,783 49. Cum! Maturities LOng-Term Debt-Econ~mC

Wdopment 0 50. Current Maturities capital Lesses 0

51.OtherCunent andkmued Liabilities- 1,166,615 3,135,587 52. Total Current 8 A m e d Liabilities (45 thru 51)

54. OtherDeferred Credb 108,658 55.TotalLiabiliiand OtherCredi(35+41+44 +52thru 54) 54,277,760

Page 2




PERIOD ENDED

BORROWER NAME AND ADDRESS CLAY CO ELEC COOP CORP

a 5 / 3 1 / a n c r s

CERTIFICATION

STRUCTIONS - For detailed instmCtio~~~, see RUS Bulletin 1717B-2.

is data wll be used by RUS to review pur financial sifuafion. Your response is required U.S.C. 901 et seq.) and may be confidential.

.

Ne recognize that statements contained herein concern a matter within the jurisdiction of an agency of the United States and the making if a false, fictitious or fraudulent statement may render the maker subject to prosecution under Title 18, United States Code Section 1001.

300 North Missouri Avenue Coming, AR 72422-0459

Me 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 o the best of our knowledge and belief.


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

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

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.

Derwood Brett, General Manager

4

24. Non Operating Margins - Other

25. Generation and Transmission Capital Credits

26. Other Capital Credits and Patronaoe Dividends


( 4.225) ( 434) 0 2,985 0 0 0 t

5.004 20.434 0 12.772

c AR0022


PERIOD ENDED

512005

( 400,690)) ( 475,432)l 01 ( 107,621

ITEM I

1 New Services Connected

127. Extraordinarv Items I 01 01 0 1 (

Year-to-date Y ear-to-date Last Year This Year

(a) (b) 97 86

2 Services Retired


4 Idle Services (Exclude Seasonal)

27 20

13,001 13,217 211 310


6 Miles Distribution - Overhead

7 Miles Distribution - Underground 8 Total Miles Energized (5 + 6 + 7)

I

RUS Form 7 IRev. 10-00)

0 ooT 000

2,541 04 2,543 54 107 70 111 20

2,648 74 2,654 74


9. Invest. in Assoc. Org. -Other - General Funds 117,330 ' 10. invest. in Assoc. Org. - Other - Nongeneral Funds 691,389

0 12. Other Investments 525

11. Investments in Economic Development Projects


24. Other Current and Acwued Assets

25. Total Current and Accrued Assets (15 thru 24)

27 Other Deferred Debits 22,448 28. Total Assets and Other Debits (5+14+25 thru 27) 54,569,174

31,083 8,840,183


-

1

AR0022

PERIOD ENDED

. INSTRUCTIONS-See RUS Bulletin 1717B-2 512005 1 Part C. Balance Sheet

r ASSETS AND OTHER DEBITS 50.205.509 1. Total U t i l i Plant in Service

2. Construction Work in Progress 681,580 3. Total U t i l i Plant (1 + 2) 50,887,089 4. Accum. Provision for Depreciation and Amok 13,303,953 5. Net Utility Plant (3 - 4) 37,583,136

6. Non-Utili Property (Net) 13,171 7. Investments in Subsidiary Companies 10,532 8. Invest in Assoc. OR. - Patronage Capital 7.290.460

14. Total Other Property & Investments (6 thru 13)

15. Cash -General Funds 722,965 16. Cash - Construction Funds -Trustee 0 17. Special Deposits 550

8,123,407-

'L RUS Form 7 [Rev. lO -OOl

~ ~

LIABILITIES AND OTHER CREDITS

29. Memberships 182.745 30. Patronage Capital 22,125,883 31. Operating Margins - Prior Years, 50,435 32. Operating Margins - Current Year ( 574,339) 33. Non-Operating Margins 98,905 34. Other Margins and Equities 298,168 35. Total Margins 8 Equities (29 thru 34) 22,181,797 36. Long-Term Debt - RUS (Net) 19,925,387

(Pavmenb - Unamlied) 0 37. Long-Term Debt - RUS - E m . Devel. (Net) 0 38. Long-Term Debt - FFB - RUS Guaranteed 39. Long-Term Debt - Other - RUS Guaranteed

0 0

7,297,235 27,222,622

0

40. Long-Term Debt Other (Net)

41. Total LongTerm Debt (36 thru 40) 42. Obhations Under Capital Leases - Noncurrent 43. Accumulated Operating Provisions and Asset Retirement Obligations 2,043,028 44. Total Other Noncurrent Liabilities (42 +43) 2,043,028 45. Notes Payable 0 46. Amunts Payable 1,038,519 47. Consumers Dewsits 359,940

~


49. Current Maturities Long-Term DebKconomic Development 0 50. Current Maturities Capital Leases 0

1,195,073 3,014,212

51. Other Current and Accrued Liabilities 52. Total Current & Accrued Liabilities (45 thru 51) 53. Regulatory Liabilities 0 54. Other Deferred Credits 107,515 55. Total Liabilities and Other Credits (35+41+44 + 52 thru 54) 54,569,174



PERIOD ENDED 412005

' U S C 901 el seq) and may be confidential.

FINANCIAL STATISTICAL REPORT 4STRUCTIONS - For detailed instructions, see RUS Bulletm 1717B-2.

his data will be used by RUS lo review your finanwal situation Your response is required

CERTIFICATION

- BORROWER NAME AND ADDRESS CLAY CO ELEC COOP CORP 300 North Missouri Avenue Corning, AR 72422-0459

We recognize that statements contained herein concern a matter within the jurisdiction of an agency of the United States and the making of-a false. fictitious or 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 P E R P D 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)

[g' 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) isiare specifically described in Part D of this report.

05/12/2005

DATE 0511 2/2005

DATE


USDA-RUS

I FINANCIAL AND STATISTICAL REPORT

BORROWER DESIGNATTON

I AR0022

PERIODENDED

-S-See mS B ~llettn 1717B-2 4l2005

Pari A. Statement of Operations

ITEM Y ear-to-date Year-to-date Year-to-date This Month Last Year This Year Budget

(a) (b) (c) (4 1 Operating Revenue and Patronage Capital 4,620,354 4,718,858 4,712,761 1,025,486

2 Power Production Exoense 0 n n L ~ ~~

3 Cost of Purchased Power 2,383,581 2,476,427 2,409,812 601,40! 4 Transmission Expense 0 0 0 (

5 Distribution Expense ~ Operation 188,814 450,719 192,000 117,57!

6 Distribution Expense. Maintenance 427,612 429,989 481 ,Mx) 99,13

7 Customer Accounts Expense 180,891 142,812 188,650 41,77:

8 Customer Service and Informational Expense 30,710 28,827 105,500 737’

9 Sales Expense 0 0 0 (

10 Administratwe and General Expense 693,178 I 637,0341 690,000 I 149,971

112 Depreciation and Amortization Expense I 492,6961 513,7081 512,775 I 128,39

11 Total Operation & Maintenance Expense (2 thru 10)

113. Tax Expense - Properly & Gross Receipts I 12,1441 8,6211 9,700 I 2,17

3,904,7861 4,165,8081 4,066,962 I 1,017,43

11 4. Tax Expense - Other I ( 2,75711 451 1,125 I , 15 Interest on Long-Term Debt

16 Interest Charged to Construction - Credit

17 Interest Expense - Other

~

-460,479 478,345 480,OOO 119,17

0 0 0 23 337 1575 4 350 39

18 Other Deductions

19 Total Cost of Electric Service (11 thru 18)

20 Patronage Capital & Operating Margins (1 minus 19)

21 Non Operating Margins - Merest

(22 Allowance for Funds Used During Construction I 01 01 0 1

4,660 1,710 725 15

4,895,345 5,169,812 5,075,637 1,267,72

( 274,991) ( 450,954) ( 362,876) ( 242.24;

51,709 78,905 60,000 22.02

123. Income ILoss) from Eouitv Investments I 65 1 01 0 1

24 Non Operating Margins ~ Other ( 3.979)1 ( 3,419)) ( 8,800) 1 ( 58:

25 Generation and Transmission Capital Credits

14. Idle Services (Exclude Seasonal) I 3101 1501

01 01 0 1 26 Other Capital Credits and Patronage Dividends



1 RUS Form 7 (Rev 10-001

-

4,998 7,655 14,000

0 0 0 ( 222,198) ( 367,813) ( 297,676) ( 220,79!

ITEM c


2 Services Retired


Year-to-date Year-to-date This Year Last Year

(a) ( 4 81 62

20 10

12 992 13 151


6 Miles Distribution -Overhead

7 Miles Distribution - Underground

8 Total Miles Energized (5 + 6 + 7)

0 00 0 00 2,539 74 2,543 84

107 40 111 20 2,647 14 2 655 04

FINANCIAL AND STATISTICAL REPORT AR0022

PERIOD ENDED

1 INSTRUCTIONS-See RUS Bulletin 1717B-2 t 412005


I ASSETS AND OTHER DEBITS ~~

1. Total U t i l i Plant in Service 50,064,078 2. Consbuction Work in Progress 650,129

3.TotalUtiliiPlant(l +2) 50,714,207 4. Accum. Provision for Depreciation and Amot 13,317,718 5. Net Utility Plant (3 - 4) 37,396,489 6. Non-Utilii 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. OQ. - Other - Nongeneral Funds

13,000 J

10,533 4

7,278,386 117,330 691,389

0 11. Investments in Economic Development Projects

13. Special Funds 0 14. Total Other Property 8 Investments (6 thru 13) 15. Cash - General Funds 16. Cash - Construction Funds -Trustee 0 17. Special Deposits 550 18. Temporary Investments 6,333,657 .

20. Accounts Receivable - Sales of Energy (Net) 21. Accounts Receivable - Other (Net)

12. Other Investments 525 - 8,111,163

696,148 J

19. Notes Receivable (Net) 0 987,103

9,531

' 22. Materials and Supplies - Electric & Other 906,806

23. Prepayments 87,289 24. Other Current and Accrued Assets 27,050

25. Total Current and Accrued Assets (15 thru 24) 9,048,134

27. Other Deferred Debits 23,195 28. Total Assets and Other Debits [5+14+25 thru 27) 54.578.981


L


LIABILITIES AND OTHER CREDITS

29. Memberships 182,205 30. Patronage Capital 22,125,883 31. Operating Margins - Prior Years 50,435

32. Operating Margins - Current Year ( 443,299)

33. Non-Operating Margins 75,486 ~ ~

34. Other Matuins and Equities 298,168 ~

-35. Tota.Margins 8 E ~ u i t i ~ ~ (29 thru 34) 22,288.878

36. Long-Term Debt - RUS (Net) 19,925,388 (Payments - Unapplied) 0

37. Long-Term Debt - RUS - E m . Devel. (Net) 38. Long-Term Debt - FFB - RUS Guaranteed 39. Long-Term Debt - Other - RUS Guaranteed

0 0 0

40. Long-Term Debt Other (Net) 7,297,235


43. Accumulated Operating Provisions and Asset Retirement Obligations 2,042,659

27,222,623 0 42. Obligations Under Capital Leases - Noncurrent

44. Total Other Noncurrent Liabilities (42 + 43) 2,042.659 45. Notes Payable 0 46. Accounts Payable 757,097 47. Consumers Deposits 355,658



Development 0

50. Current Maturities Capital Leases 0 51, Other Current and Aaxued Liabilities 1,246,506

52. Total Current 8 Accrued Liabilities (45 thru 51) 2,915,855

53 Reaulatorv Liabilities 0 54. Other Deferred Credits 108,966 55. Total Liabilities and Other Credits (35+ 41 +44 + 52 thru 54) 54,578,981

Amrding to the Paperwork Reduction Act of 1995. an agency m a y not omdud or sponsor. and a person is not required to respond lo. a colleclion of information unless it dEpIayia&jOMBco%d- number. m e d i d OMB mnbd numtw fw vlis information cdledim is 0572-0032. The time required to m p l e l e this information collection is estimated to average 25 hours per response. induding the time for reviewing instructions. searching casting data swrces. galhering and maintaining lhe data needed, and mmpleling and reviewing the collection of information.

ISTRUCTIONS - For detailed instruCtio~~~, scc RUS Bulletin 1717B-2.

tis dala Wru be used by RUS lo review ywr financial situation. Your respmse is required U.S.C. 907 e! seq.) andmaybe wnfidentkd.


FINANCIAL AND STATISTICAL REPORT ' 300 North Missouri Ave Coming, AR 72422-0459

I BORROWER DESIGNATION AR0022

PERIOD ENDED 312005

BORROWER NAME AND ADDRESS CLAY CO ELEC COOP CORP

CERTIFICATION

We recognize that statements contained herein concern a matter within the jurisdiction of an agency of the United States and the making 3f a false, fictitious or 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 MSURANCE 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 TELIS REPORT PURSUANT TO PART 1718 OF 7 CFR CHAPTER XVII (check one of ihe following)

d 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@) idare specifically described in Part D of this report.

A

04/19/2005 b ! { d /k 04/19/2005 ings, Mgr. of Finance DATE Derwood rett, General Manager DATE

L

L ne,, a 4 RUS Form 7 (Rev. 10-00)

7 USDA-RUS BORROWER DESIGNATION

9 Sales Expense 0 0 0

11. Total Operation 8 Maintenance Expense (2 thru 10) 2,928,954 3,148,368 3,105,812 1,099.2,

12. Depreciation and Amorkation Expense 363,484 385,317 384,375 128,Z

13. Tax Expense - Property & Gross Receipts 10,038 6,442 7,500 2,181

14. Tau Exoense - Other f 2.955) 45 800 0

10. Administrative and General Expense 514,857 487,064 512,000 . 156,2!


115. Interest on Long-Term Debt I 344,3841 359,172) 358,000 I 89,147

I AR0022

16 Interest Charged to Construction - Credit 0 0 0 0 17 Interest Expense - Other 15,780 1,179 850 I 399

118. Other Deductions I 4,3841 1,5601 475 1 50 19 Total Cost of Electric Service (11 thru 18) 3,664,069 3,902,083 3,857,812 1,319,248

20. Patronage Capital &Operating Margins (1 minus 19) ( 108,735) ( 208,712) ( 231,371) ( 177,479)

21. Non Qerating Margins - Interest 35,459 56,876 48.ooo 19,748

22. Allowance for Funds Used During Construction 0 0 0 0

23. income (Loss) from Equity Investments 6 5 . 0 0 0

24. Non Operating Margins - Other ( 3,551)) ( 2,@7)1 ( 6,200) I ( 4431 25. Generation and Transmission CaDital Credits I 01 01 0 1 C

(6. Distribution Expense - Maintenance I 324,8881 330,8511 w o o 0 I 125,3(

126 Other Capital Credits and Patronage Dividends I 9,341 7,655) 10,000 I 4,29E ~ ~ ~ ~~

27 Extraordinary Items 0 0 0 1 (

28 Patronage Capital or Margins (20 thru 27) ( 67.428) ( 147,018) ( 179,571) I ( 153.876

Part B. Data on Transmission and Distribution Plant

312005 --Set Km B ulletin 1717B-2 Part A. Statement of Operations

~~

ITEM


~

Year-to-date Y ear-to-date Y ear-tdale Last Year This Year Budget This Month

(a) (4 ( 4 (dl 3,555,334 3,693,371 3,626,441 1.141,7€

2. Power Production Expense

3 Cost of Purchased Power

4 Transmission Expense

5 Distnbution Expense - Operation

0 . o 0 1,806,249 1,875,017 1,824,312 663,8E

0 0 0 128,039 333,140 160,ooO 131,81

~~~~

7. Customer ACCOUZ Expense

8. Customer Service and Informational Expense

~

131,911 101,040 143,ooO 15,5

23,010 21,250 97,500 6,3!

ITEM 8


2 Services Retired

Y ear-tdate Y ear-todate Last Year This Year

(a) @) 56 47

14 2

i .i --

3. Total Services in Place 12,968 13,144

4. Idle Services (Exclude Seasonal) 41 3 1 47

5. Miles Transmission 0.00 0.00 6. Miles Distribution -Overhead 2,539.14 2,543.34 7. Miles Distribution -Underground 107.60 110.70 8. Total Miles Energized (5 + 6 + 7 ) 2,654.04 2 I 6 46.7 4

me-- 1 -

USDA-RUS


BORROWER DESIGNATION 1 AR0022

PERIOD ENDED


-~

Construction Work in Progress 763,994 30. Patronage Capital 22,125,883

A m m . Provision for Depredation and Amok 13,306,399 32. Operating Margins -Current Year ( 201.057) Net Utility Plant (3 - 4) 37,411,369 33. Non-Operating Margins 54,039 Non-Utilii Property (Net) 1 1,947 34. Other Margins and Equities 298,168 Investments in Subsidiary Companies 10,533 35. Total Margins & Equities (29 thru 34) 22,510,778 Invest in Assoc. Om. -Patronage Capital 7,278.386 36. Low-Ten Debt - RUS (Net) 19.925.388 '

Total Utility Plant (1 + 2) 50,717,768 31. Operating Margins - Prior Years 50,435

Invest in ASK. Org. - Other- General Funds 117,330 (Payments - Unapplied) 0

I. Investments in Economic Development Projects

2. Other Investments 525 39. Long-Term Debt - Other - RUS Guaranteed 0

0 1 1. Invest in Assoc. Org. -Other - Nongeneral Funds 691,388 0

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

38. Long-Term Debt - FFB - RUS Guaranteed 0

3 . Special Funds 0 40. Long-Term Debt Other (Net) 7,297,235 27,222,623 !. Total other Property 8 Investments (6 thru 13)

5. Cash - Construction Funds -Trustee

7. Special Deposits 550 Obliaations 2.042.290

8,110,109

0


43. Accumulated Operating Provisions and Asset Retirement 5. Cash - General Funds 717,411 42. Obligations Under Capital Leases - Noncurrent 0

3. Temporary Investments 6,679,567 I 44. Total Other Noncurrent Liabilities (42 + 43) 2,042,290 3. Notes Receivable (Net) 0 1 45. Notes Pavable 0

3. Prepayments 103,306 4. Other Current and A m e d Assets 36,754 5. Total Current and A m e d Assets (15 thru 24) 9,426,262 6. Regulatory Assets 0

~ ~ _ _ _ _ ~

3. Accounts Receivable - Sales of Energy (Net) 1 ,oO4,082 1 4 6 G u n t s Payable 856,907

49. Current Maturities Long-Ten Debt-Economic

Development 0 50. Current Maturities Capital Leases 0

1,284,937 51. Other Current and Accrued Liabilities

1.Amunts Receivable-Other(Net) 4,717 I 47. Consumers Deposits 355,919

7. Other Deferred Debits 23,710 54,971,450 8. Total Assets and Other Debits (5+14+25 thru 27)

2. Materials and Supplies - Electric & Other 879,875 I 48. Current Maturities Long-Term Debt 590,223

52 Total Current & A m e d Liabilities (45 thru 51) 3,087,986 53. Regulatory Liabilities 0 54. Other Deferred Credits i 0 7 m 55. Total Liabilities and Other Credits (35+ 41 + 44 + 52 thru

54) ' 54.971.450

c

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


FINANCIAL AND STATISTICAL REPORT ISTRUCTIONS - For detailed instructions, scc RUS Bulletin 1717B-2.

lis dafa will be used by RUS to review your finanual situation. Your response is required U.S.C. 901 et seq.) and may be mnfidential.

We recognize that statements contained herein concern a matter within the jurisdiction of an agency of the United States and the making i f a false, fictitious or fraudulent statement may render the maker subject to prosecution under Title 18, United States Code Section 1001.


PERIOD ENDED Z 2 0 0 5

BORROWER NAME AND ADDRESS CLAY CO ELEC COOP CORP 300 North Missouri Avenue Corning, A R 72422-0459

We hereby certify that the enuies 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.


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

0 A l l 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.

Q A i I 0311 112005

DATE 0311 112005

DATE c ! ! L d

ings, Mgr. of Finance 8, Accounting

P a a e 1.1 RUS Form 7 (Rev. 10-00)

1 FINANCIAL AND STATISTICAL REPORT I AR0022 I

PERIOD ENDED

1

Page 1.2 R U S Form 7 (Rev. 10-00)

BORROWER DESIGNATION IJSDA-RUS


I. Net Utilii Plant (3 - 4) 37,332,907 33. Non-Operating Margins 39,051 i. Non-Utiw Property (Net) 10,911 34. Other Margins and Equities 298,168 '. Investments in Subsidiary Companies 10,533 35. Total Margins & Equities (29 thnr 34) 22,668,582 I . Invest in Assoc. Org. - Patronage Capital 19,925,387

3 . Invest in Assoc. Org. -Other - General Funds 112,685 (Payments -Unapplied) 0 IO. Invest in Assoc. Om. -Other - Nonqeneral Funds

7

7,280.241

692.885


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

ASSETS AND OTHER DEBITS . Total U t i l i Plant in Service 49,896,304 I. Construction Work in Progress 7 13,243 i. Total U t i l i Plant (1 +2) 50,609,547 . - - I. Accum. Provision for Depreciation and Amort. 13,276,640 I 32. Operating Margins -Current Year ( 27.8751

LIABILITIES AND OTHER CREDITS 29. Memberships 182,920

22,125,883 50.435

30. Patronage Capital 31. Operating Margins - Prior Years

13 Speual Funds 0 14. Total Other Property & Investments (6 thru 13) 8,107,779 15. Cash - General Funds 470,615

11. Investments in Economic Development Pro)ects 0 I 38. Lonq-Term Debt - FFB - RUS Guaranteed 0

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

7,291,235

27,222,622 0 42. Obligations Under Capital Leases - Noncurrent

. - -

12. Other Investments 524 1 39. Long-Term Debt - Other - RUS Guaranteed 0

,^ - I - - i uii3 O L ~ U L & I I m7d J5 - u > 2 i : J

17 Speual Deposits 550 18. Temporary Investments 6,609,909

20. AccounG Receivable - Sales of Enerqy (Net) 19 Notes Receivable (Net) 0

1.287.771

43 Accumuarea Gperating ?tovisions and Asset Reuremeni 2,041,922 Obligations

44. Total Other Noncurrent Liabilities (42 + 43) 2,041,922 45. Notes Payable 0 46. Accounts Payable 656,203

24. Other Current and Accrued Assets 25. Total Current and Accrued Assets (15 thm 24)

36,530 9,444,272


121. Accounts Receivable - Other (Net) -4,912 I 47. Consumers Deposits 350,640

Development 0 50. Current Maturities Capital Leases 0

1,249.525 51. Other Current and Accrued Liabilities

122. Materials and Supplies - Electric 8 Other 916,298 1 48. Current Maturities Long-Term Debt 621,127

27. Other Deferred Debits 24,261 54,909,219 28. Total Assets and Other Debits (5+14+25 thm 27)

123. Prepayments 117,687 I 49. Current Maturities Long-Tern Debt-Economic

~~

52. Total Current & A m e d Liabilities (45 thnr 51) 2,877,495

53. Regulatoly Liabilies 0 54. Other Deferred Credits 98,598


55. Total Liabilities and Other Credits (35+41 +44 +52 thru 1 541 54.909.219

Page 2

-.

AR0022 BORROWER DESIGNATION

PERIOD ENDED 112005

UNITED STATES DEIPARTMENT OF AGRICULTURE RURAL UTILITIES SERVICE

FINANCIAL AND STATISTICAL, REPORT INSTRUCTIONS - For detailed insrmcb’ons. see RUS Bulletin 1717E3-2.

BORROWER NAMETD ADDRESS CLAY CO ELEC COOP CORP 300 North Missouri

’ Coming, AR 72422-0459

CERTIFICATION

Ne recognize that statements contained herein concern a matter within the jurisdiction of an agency of the United States and the making if a false, fictitious or fraudulent statement may render the maker subject to prosecution under Title 18, United States Code Section 1001.

Ne 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 o the best of our knowledge and belief.


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

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

02/16/2005

ings, Mgr. of Finance & Accounting DATE

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

02/16/2005

Derwood Brett, General Manager DATE

02/16/2005

Derwood Brett, General Manager DATE

c

L


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

1

_ _ _I I - . - - - - w - L - N I I - I v I . L

--See KUS B u l l a 171752

I4 Tax Expense - Other I 3151 4 250 I 45

PWOD ENDED

1/2005

15 interest on Long-Term Debt I 110,9921 122,0991 120,OOo I 122,092

ITEM

Operating Revenue and Patronage Capital

Power Producbon Expense

Cost of Purchased Power

I Transmission Expense

16. Interest Charged to Construction -Credit I 01 01 0 1 t

Year-tcdate Y ear-tcdate Y ear-to-date Last Year This Year Budget This Month

(a) iy (c) (4 1,142,398 1,263,910 1,165,246 1,263,910

0 0 0 0

613,448 666,751 619,583 666,751

0 0 0 0

I Distribubon Expense -Operation

i Distribution Expense - Maintenance

' Customer Accounts Expense

Customer Service and Informational Expense

20. Patronage Capital & Operating Margins (1 minus 19) 1 ( 155,29511 ( 96,55111 ( 157,212) I ( 96,551

72,757 91,388 68,000 91.388

129,839 113,187 142,000 113,187

53,915 44,080 55,000 44.080

7,388 6,815 7,500 6,815

1 Sales Expense

10 Administratwe and General Expense

I1 Total Operation & Maintenance Expense (2 thru 10)

12 Depreciation and Amorkation Expense

13 Tax Expense - Property & Gross Receipts

~ ~~

0 0 0 0

180,262 184,033 178,000 184,033

1,057,609 1,106,254 1,070,083 1,106,254

120,928 128,454 128,000 128,454

3,561 2,086 3.500 2.OBE

Part 6. Data on Transmission and Distribution Plant

17 Interest Epense - Other 18 Other Deducbons

19 Total Cost of Electric Service H I thru 18)

ITEM

91 1 387 375 38;

3,377 1,136 250 1,13t 1.360.46' 1.322.458 1.297.693 1360.461

I Year-to-date This Year

Year-tixiate Last Year

21 Non Operating Margins - Interest

22 Allowance for Funds Used Dunng Construction

23 Income (Loss) from Equity Investments

25 Generabon and Transmtssion Capital Credits

26 Other Capital Credits and Patronage Dwdends

24 Non Operating Margins -Other

16,224 20,278 16.500 20,271

0 0 0 (

0 0 0 (

( 254) ( 1.187) ( 2,500) ( 1.187

0 0 0 (

24 0 0 (



0 0 0 I

( 139,301) ( 77,460) ( 143,212) ( 7,fiC

FINANCIAL, AND STATISTICAL REPORT

~ - Construction Work in Progress 690,681 30. Patronage Capital 22,125,883 Total U t i l i Plant (1 + 2) 50,688,921 31. Operating Margins - Prior Years 50,435

Accum. Provision for Depredation and Amon 13,344,066 32. Operating Margins -Current Year ( 96,551) , Net Util'i Plant (3 - 4) 37,344,055 33. Non-Operating Margins 19,091 Ni??-lltili?, Drooerlv fNeR 9,825 34. Other Margins and Equities I 298,168

Investments in Subsidiary Companies 10,533 35. Total Margins & Equities (29 thru 34) 22,579,151 19,925,388 Invest in Assoc. Org. - Patronage Capital 7,276,884

692,885 0

36. Long-Term Debt - RUS (Net) Invest in Assm Org. -Other - General Funds 122,765 (Payments - Unapplied) 0 I. Invest in Assoc. Org. -Other - Nongeneral Funds 0 . Invesbnents in Economic Development Projects 0 !. Other Investments 525 39. Long-Term Debt - Other - RUS Guaranteed 0

37. Long-Term Debt - RUS - Econ. Devel. (Net) 38. Long-Term Debt - FFB - RUS Guaranteed

I MKUULL


I . Speaal Funds 0 1 1. Total Other Propertv & Investments (6 thru 13) 8,113,417 I

40. Long-Term Debt Other (Net)


7,297,235 27,222,623

i. Cash -General Funds 870,503 I j. Cash - Construction Funds -Trustee 0 1 I . Speaal Deposits 550 I 3. Temporaw Investments 6,674,019 1 3. Notes Receivable (Net) 0 I. Accounts Receivable - Sales of Energy (Net) 1. Accounts Receivable - Other (Net)

1,011,738 1,288

915,920 2. Materials and Supplies - Eledrk & Other 3. Prepayments 116,604

4. Other Current and A m e d Assets 21,332 5. Total Current and A m e d Assets (15 thru 24) 9,611,954

6. Regulatory Assets 0 . Other Deferred Debits 27.715 . Total Assets and Other Debits 15+14+25 thru 27) 55,097,941

US Form 7 (Rev. 10-00)

42. Obligations Under Capital Leases -Noncurrent 0 43. Accumulated Operating Provisions and Asset Retirement Obbations 2,041,896

44. Total Other Noncurrent Liabilities (42 +43) 2,041,896 45. Notes Payable 0 46. Accounts Payable 770,959 47. Consumers Deposits 345,921

48. Current Maturities Long-Term Debt


763,655

Development 0 50. Current MatuiRies Capital Leases 0 51. Other Current and A m e d Liabilities 1,265,230

52. Total Current & A m e d Liabilities (45 thru 51) 3,145,765 53. Rwulatow Liabilities 0 54. Other Deferred Credits 108,506

55. Total Liabilities and Other Credits (35+ 41 +44 + 52 thru 54) 55,097,941

Page 2

Name of Borrower Report Year Report Period

Not Applicable

CLAY CO ELEC COOP CORP (AR0022) I I 2005

. .

12

IRUS Form 7 Page 2.3 1

USDA-RUS



I AR0022

-S-See KUS B ulletm 1717B-2

I PERIODENDED

1 a2005

ITEM

Electric

Other

Balance Balance Beginning Purchased Salvaged Used (Net) Sold Adjustment End of Year of Year

(a) (b) ( 4 ( 4 (4 (r) (9) 905,542 827, I24 31,859 637,767 5,944 ( 2.049) 1,118,765

44,854 107,633 0 0 64,504 ( 2 6 ) 87,658

ITEM

Present Year


Avg Hours per Avg Hounper 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)

0 00 1 03 0 01 16 13 17 17

Number of Full Time Employees

Emplgyee - Hours Worked - Regular Time

Payroll - Exphsed Payroll -Capitalized

Pavroll -Other

Employee - Hours Worked - Overtime

Amount

62

127,716

5,495 1,569,467

438.6%

475,645

USDA-RUS


BORROWER DESIGXATION

AR0022

PERIOD ENDED

Distributions

I 1212005 --See RUS B ulIetin 1717B-2 Part 1. Patronage Capital

. ITEM I DESCRIPTION I This Year I Cumulative

~~

b Special Retirements 01 0

c Total Retirements (a + b) I 517.907 I 2 936 751

I , 2,936,751 Capital Credits I a General Retirements I 517,907 I

a Cash Recelved From Retirement of Patronaae Caoital bv Suooliers of Electric Power 216 13'

AMOUNT WRITTEN OFF DURING YEAR

I the Electw Svstem I 75.863 b Cash Received From Retirement of Patronage Capital by Lenders for Credit Extended to

47,71'

I

c Total Cash Received (a + b)

Part J. Due from Consumers for Electric Service Amount I T

AMOUNT DUE OVER 60 DAYS I 283.56'


r IJSDA-RUS


INSTRUCTIONS-See RUS Bulletin 1717B-2

I 9 1


AR0022

PERIOD ENDED

1 a2005

I ' 0 1

ITEM

Line No.

1 Arkansas Electnc Coop Corp (AR0034)

2

3 4

5

6 . 7

(a)

~~ ~~

01

RUS Use Only Average Included in Included in Supplier kWh Purchased Total Cost cost Total Cost Total Cost

Code (CentskWh) Wheeling and Fuel Cost Other Charges

Adjustment (or credits) (b) (4 (dl (e) (9 (9)

807 209,127,959 10,125,465 4.84 ( 57,208) ( 714,473)

0 0 0 0.00 0 0

0 0 0 0.00 0 0

0 0 0 0.00 0 0

0 0 0 0.00 0 0

0 0 0 0.00 0 0 0 0 0 0.00 0 0

~-

01

12

13

14

0.00 I

0 0 0 0.00 0 0

0 0 0 0.00 0 0

. 0 0 0 0.00 0 0

01

15

16

17

18

I 19

0.00 I

0 0 0 0.00 0 0

0 0 0 0.00 0 0 0 0 0 0.00 0 0

0 0 0 0.00 0 0

0 0 0 0.00 0 0

0 '

0 0 0.00 0 0 I I

Total

F


1 Z2005 NSTRUCTIONS-See RUS Bulletin 17 I7B-2 Part L. Long Term Leases


0

Total 0

AR0022

PERIOD ENDED


Name of Lessor

(a)

Type of Property

(b)

Rental This Year

0 0

0 0 0 0 0 0 0 0

I I 0

Y


- USDA-RUS BORROWER DESIGNATION

FINANCIAL AND STATISTICAL REPORT PERIOD ENDED

lZ2005

Part M. Annual Meetina and Board Data INSTRUCTIONS-See RUS Bulletin 17 17B-2

I AR0022

Date of Last Annual Meeting

92412005

, Number of Members Voting by roxy or Mail

0

2. Total Number of Members , 6. Total Number of Board Members 7. Board Total Members Amount of Fees and Expenses for

3. Number of Members Present at Meeting

13,372

4. Was Quorum Present (YIN) ?

Y

8. Does Manager Have Written Contract (YIN) ?

N 9 207,451

I U S Form 7 (Rev. 10-00) Page 4.3

USDA-RUS

FINANCIAL AND STATISTICAL REPORT PERIOD ENDED

j 1 Z2005

Part N. Long-Term Debt and Debt Service Requirements

Billed This Billed This Billed This Balance Year Year Year

Interest Principal Total ITEM End of Year

(a) (b) (c) ( 4 iura1 Utilities Service (Excludes RUS -Economic Development Loans) 19,316,533 1,018,063 589,193 1,607,256.0(

667,808.0( lational Rural Utilities Cooperative Finance Corporation 7,062,463 439,392 228,416

3ank for Cooperatives 0 0 0 0.01

- BORROWER DESIGNATION

AR0022

-ederal Financing Bank I 01 01 01 0.01

?US - Economic Development Loans 0 0 0 0.01

3ther (List Separately) 0 0 0 0.01

01 01 0 0.0

I 01 0.01

0

0

I

01 0 0.0

01 0 1 0.0

01

OTAL

0.01

0 0 0 0.00

0 0 0 0.00

0 0 0 0.00

8 17,609 2,275,064 .OO 26,378,996 1,457.455

01 01 0 1 0.01

01 01 01 0.0

I 01 01 01 0.00

I 01 01 01 0.00

.. .

Page 4.4 {US Form 7 (Rev. 10-00)



NSTRUCTIONS-See RUS Bulletin 17 I7B-2 12/2005

Part 0. Power Requirements Data Base -Annual Summary

CLASSIFICATION Consumer Sales 8 Revenue December Average No. Total Data Consumers Served Year to Date

I (a) (b) , Residential Sales a. No. Consumers Served 10.447 1 10.426 I (excluding seasonal) b. kWh Sold

I I a. No. Consumers Served

c. Revenue

! Residential Sales - Seasonal I b. kWh Sold

I c. Revenue

1 a. No. Consumers Served 1. Comm. and Ind.

1000 KVA or

Less

i. Comm. and Ind. Over 1000 KVA

c. Revenue I i. Public Street & I a. No. Consumers Served 91

Highway

I (Cl

Lighting I c. Revenue

Public Authorities

7. Other Sales to I a. No. Consumers Served 116 I I I R

c. Revenue

i. Sales for Resales - a. No. Consumers Served I 01 0 RUS Borrowers b. kwh Sold

~~

105,812,306

I 1051 1,810

I 0

F 52,631,583

29,051,191 I

c. Revenue

3. Sales for Resale - I a. NO. Consumers Served

Other b. kWh Sold

I c Revenue

IO TOTAL No of Consumers (lines l a thru 9a) 12.511 I 12. 11 TOTAL kWh Sold (lines 1 b thnr 9b)

12 TOTAL Revenue Received From Sales of Electnc Energy (line IC thru 9c) 13 Other EleCpc Revenue 14 kWh -Own Use

15 TOTAL kWh Purchased

16 TOTAL kWh Generated t .- _.. . - - 17 Cos1 of Purchases and Generabon and Transmission Expense

18 Interchange - kWh - Net I

I 0 I 0

193,353,807

162,368 41 8,4 12

209,127,959

0

I 10,125,465

N o n - c o i n c i d e n t X Coincident-

&

RUS Form 7 (Rev. 10-00) Page 5

USDA-REA FINANCIAL LND STATISTICAL RPORT

lnimcti~ns See RUS Bullelln 17178 2

C o n s u m e r 1 R e v e I " D a t a 1

CLASSIFICATION Sales 1 ? 1 ? ! ? 1 ! ?

Bormwer Deagnaban

Arkansas-22-Clay

For Penod Ended

December 31,2005

1 Residential S a l e s la No Connumansewad I 10 366 I I O ~ I I 10394 I 10410 I 10417 I i n 4 2 1 (arcludtng seasonal) b kWh Sold I 8,923,302 I 8,632,227 I 8,081,623 I 7,004,068 I 6,275,819 I 7,208,555

YTD Total

3. Irrigation Sales

125,108 105,812,306 $10,51 1,810

P No CansurnenSewed 542 542 540 529 527 540 546 546 545 544 546 548 6,495 b kWh Sold 732 865 119 1,510 18,474 588,896 1,144,059 1,077,632 443,814 6,463 902 35,017 3,318,483 c Revenue $623 $61 1 $530 $636 $2,387 $59,939 $164,894 $170,126 $93,720 $4,099 $1,304 $4,730 $503,600

4. Comrn and Ind.

1000 kVA or less

a No C0noumersS~Nv.d 1.346 1,340 1,322 1,301 1,285 1,287 1,271 1,263 1,269 1,324 1,376 1,379 15,763 b kWh Sold 3,812,653 3,658,336 3,517,280 3,629,429 3,018,541 3,306,073 4,012,902 4,180,800 5,303,353 7,028,740 6,889,712 4,273,764 52,631,583 c Revenue $306,021 $308,308 $266,795 $262,909 $307,618 $313,609 $375,318 $407,756 $554,029 $71 1,740 $61 1,592 $442,781 $4,868,476

5. Cornm and Ind.

Over 1000 kVA a No ConsurneroSeNed 13 12 12 12 12 12 11 1 1 11 1 1 12 12 141 b kWh Sold 2,181,026 2,274,196 2,556,228 2,845,220 2,357,652 2,379,702 2,428,480 2,371,736 2,581,152 2,442,872 2,555,338 2,077,589 29,051.191 c Revenue $157,527 $168.885 $160,980 $159,153 $208,199 $199,129 $203,790 $214,349 $248,860 $221,941 $204,338 $164,645 $2,311,796

7. Other Sales to

Public Authority

6. Public Street a n d

Highway Lighting

a No ConsurnersSeNed 9 9 9 9 9 9 9 9 9 9 9 9 108 b kWhSold 57,830 57.830 58,720 58,912 58,976 58,976 58,976 58,976 58,976 58,976 58,976 58,976 705.100 c Reven". $4,268 $4.467 $4,140 $3,891 $5,419 $4,635 $4,938 $5,203 $5,798 $5,362 $5,152 $5,766 $59,039

a No Consum.9rsSeNad

b kwh Sold

c Revenue

U6R006

116 116 117 117 117 116 116 116 116 116 116 116 1,395 163,638 183.187 166.167 125,377 105,914 118,242 124,066 177,373 186,421 170,418 161,468 152,873 1,835,144 $13,237 $15,135 $13,042 $10,415 $11,944 $11,645 $13,101 $17,340 $19,854 $17,261 $14,768 $16,859 $174,600

FORM 7-POWERDB 05 Form 7

10 TOTAL No Consumers 11 TOTAL W h Sold 12 TOTAL Revenue Recewed from Sales of

Electric Energy

12,392 12,400 12,394 12,378 12,367 12,395 12,393 12.389 12,413 12.470 12,508 12,511 149,010 15.1 39,181 14,806,64 1 14,380,137 13.664.51 6 1 1,835,376 13,660,444 18,198,393 20.1 18,287 21,785,762 19,769,124 16,389,284 13,606,662 193,353,807

$1,254,238 $1,278,001 $1,130,315 $1,014.059 $1,228,402 $1,287,668 $1,781,302 $2,049.889 $2,379,176 $2,019,836 $1,540,667 $1,465,766 $18,429,321

17 Cost of Purchase or Generation

18 Interchange - kWh - Net

$666,751 $544.379 $663.888 $601.409 $688,957 $927,631 $1,000,884 $1,191,399 $961,825 $898,047 $865,069 $1.1 15,226 10,125,465

0 0 0 0 0 0 0 0 0 0 0 0 0

19 Peak - Sum All k W (Input) NonCoincident ( X ) 34.061 48,795 33,493 30,185 30,123 27,134 34,973 48,783 46,889 48,795 46,180 41,672 32,183

CCECC

State of Missouri I 2005 I

Oct. Jan. Feb. - Mar May - Jun. - Jul. &. - Residential

kvvh Sold: Revenue: Consumers:

Nov. - Dec. Totals -

54,06 1 55,593 50,931 43,650 36,831 37,612 58,103 63,957 4,345 4,299 2,978 36,545 448,905 $ 4,543.65 $ 4,851.36 $4,151.14 $ 3,454.84 $ 4,144.79 $3,771.66 $5,805.25 $ 6,585.03 $7,278.94 $ 5,545.99 $3,837.67 $4,470.10 $ 58,440.42

52 52 52 52 52 52 52 52 79 78 68 77 71 8 Average: 60

Average: I 3 1

kWh Sold: Revenue: Consumers:

6,958 9,538 8,477 8,309 9,471 14,017 11,141 14,899 74,862 60,061 44,090 10,817 272,640 $ 557.31 $ 715.63 $ 611.11 $ 566.98 $ 895.39 $ 1,038.14 $ 985.14 $ 1,266.34 $ 1,421.42 $ 1,194.96 $ 968.56 $ 1,045.23 $ 11,266.21

3 3 3 3 3 3 3 3 3 2 3 3 35

- - - - - - , - Revenue: Quarter 1 ’ $15,430.20 i Quarter 2 --+ $13,871.80

I Quarter 3 --+ 1 $23,342.12 I

Quarter4 --+ 1 $17,062.51 1 Total for Year [---L----, $69 706.63 I

kWh Sold: 61,019 65,131 59,408 51,959 46,302 51,629 69,244 78,856 79,207 64,360 47,068 47,362 Revenue: $5,100.96 $5,566.99 $4,762.25 $4,021.82 $5,040.18 $4,809.80 $6,790.39 $7,851.37 $8,700.36 $6,740.95 $4,806.23 $5,515.33 Cnnsiirners. 55 55 55 55 55 55 55 55 82 80 71 80

Prepared by Gary Curnrnrngs

721,545 $69,706.63

753

23312006 TAXES-MOTAX 2005

Sales Sfahssc

USDA-RUS


INSTRUCTIONS-See RUS Bulletin 1717B-2

Included ($1 (b)

Description (a)

Line No.


AR0022

Rural Excluded lnwme or Loss ($1 ($1 Development ( 4 (dl (e1

PERIOD ENDED 1 1 Z2005 I

0 25 n l

18 City of Eoming (Arkansas)

19 City of Pocahontas (Arkansas) 20 Arkansas Highway Department Y JVU

0 . . - - - otal: 7. SPECIAL DEPOSITS

. TEMPORARY INVESTMENTS

24 I Liberty Bank of Arkansas I inn nnr

I I " I " - -- 29 I Arkansas Finanaal Network - AECC

I

otal: 8. TEMPORARY INVESTMENTS

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

7 USDA-RUS

Description (4

Line No.

I FINANCIAL, AND STATISTICAL, REPORT

lnduded Excluded Income or Loss Rural ($1 ($1 ($1 Development (b) (c) (4 (e)

I

31 Other Accounts Receivable (Net)

Total: 9. ACCOUNTS 8 NOTES RECEIVABLE - NET

INSTRUCTIONS-See RUS Bulletin 17 17B-2

0 9,838 0


AR0022

32

PERIOD ENDED

Clay Randolph Securities, Inc 0 10,533

1212005

Total: 2. INVESTMENTS IN ASSOCIATED ORGANIZATIONS 0 7,926,365

~~

35

361. ~

39 I

37

38 I I I I I

11. T0TP.L !Y\’E???nEb!TS 828,173 I

40

41

42

43

13,831,084 27,656

45

46

47

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

-. I



INSTRUCTIONS-See RUS Bulletin 17 17B-2

c

AR0022

PERIOD EM)ED

I Z2005


USDA-RUS



AR0022

I 1 a2005 INSTRUCTIONS-See RUS Bulletin 171 7B-2 7a - Part IV. Loans

I PERIODENDED

9

10

11

12

13

0 0

0 0 0 0 0 0

0 0

I

I I I I - - ._

14 I I 01 01 I. I I I I

I 0 )

c


BALANCE SHEET * C Lay C o u w ~ y ELKLTRK

--- - - - _- “I._ _ _ _ - - _- - ^ ”

National Rural Utilities Cooperative Finance Corporation

2201 Cooperative Way Herndon, Virginia 20171 703 709 6700 I www nrucfc coop

A Touchstone Energy‘ Cwpcrarwe

COOPERATIVE

ID

PERIOD

PREPARATION DATE

911 12005 to 1211 12005

CLAY COUNTY ELECTRIC COOP. CORP. 300 HIGHWAY 67 NORTH P. 0. BOX459 CORNING, AR 72422-0000

Page 1 of 5

I i

interest: Previously Billed, Unpaid $0.00

Prior Period Adjustment $0.00 Overpayments Applied $0.00 Performance Discount $-I ,282.33 Collateral Discount $0.00 Volume Discount $0.00 Interest Waivers / $0.00 Total Interest Due d$l 15,282.06

Current Charges $1 16,564.39

Principal: Previously Billed, Unpaid Current Charges

$0.00 $58,425.46

Total Princbal Due

Subordinate Certificate Conversion Fee

Other: $58,425.46

$0.00 $0.00

$1 73,707.52 RemitThis Amount Bv: 11130105

Please remit payment to CFC by bank wire transfer by the morning of the due date in immediately available funds. The bank wire should read as follows:

Credit $ to the account of NRUCFC #52-97214 at JP Morgan Chase, New York, New York (ABA#021 000 021)

If you find it necessary to make payment by check, please remit to:

PO Box 70890 Chicago, Illinois 60673-0890

For questions, please call Shannon Snow at (800) 424-2954.

The amount due includes all discounts. If you are an ACH customer your account will be

automatically debited on November 30,2005.


CLAY COUNTY ELECTRIC COOP. CORP. 300 HIGHWAY 67 NORTH

2201 Cooperative Way Herndon, Virginia 201 71 703.709.6700 I www.nrucfc.coop

ATouchrtune Energy* Cmperarive ?6&

ID

COOPERATIVE I

AR022

PERIOD 9/1/2005 to 12/1/2005

PREPARATION DATE 1 1 / I 3/05

Page 5 of 5

Interest and Principal Detail

Loan ID Basis Int Rate Prin Balance From To Days Interest Principal

AR0229016002 Actual1365 /’ 6.10000 496,981.95 11/1/05 12/1/05 30 $2,491.72

Performance Discount: 0.00000 Previously Billed, Unpaid: Prior Period Adjustment:

Collateral Discount: Volume Discount:

uq<, a’f 5. 5 Interest Waivers: Overpayments Applied:

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

Principal Due: $1,706.50 Total Due: $7,392.78 $1,706.50

Loan Activity Date Type Interest Principal Principal Balance

AR022900 100 1 AR0229003001 AR0229006001 AR0229010001 AR0229013001 AR022901400 1, AR0229014002 AR0229015001 AR0229016001 AR0229016002

813 1/05 813 1/05 813 1/05 813 1105 813 1/05 813 1/05 813 1/05 813 1/05 813 1/05 813 1/05

Loan Payment Loan Payment Loan Payment Loan Payment Loan Payment Loan Payment Loan Payment Loan Payment Loan Payment Loan Payment

-177.32 -718.66

-2,592.42 -10,977.00 -1 4,432.90

-5,658.73 -12,064.18 -2 1,739.54 -36,660.94

-6,727.84

-843.32 -2,4 17.86 -8,23 1.57 -9,442.84

-12,872.46 -2,367.55 -5,047.53 -5,427.63 -9,156.98 -1,680.45

9,289.28 38,648.44

208,934.12 499,635.39 945,328.81 3 82,907.67 8 16,343.44

1,250,285.80 2,708,122.77

496,981.95 - OLD 1,35(,, Y7 7. L’

7 , %-?8,os2.al Nu yg, %5qb pa yMgvt_t 3

- -.-. ---7---" ̂ I


2201 Cooperatwe Way Herndon, Virginia 201 71 703 709 6700 I www nrucfc coop

A Touchstone Em%< Cmperarwe

COOPERATIVE


I ID AR022

PERIOD 9/1/2005 to 12/1/2005 PREPARATION DATE 1111 3/05

Page 4 of 5




Collateral Discount: Volume Discount: Interest Waivers:

Overpayments Applied: Principal Due:

Total Due:

s\ \ , aao. ao

AR0229015001 3601360 17.05000 1,250,285.80 9/1/05



I, ar-wbas/ Interest Waivers: Overpayments Applied:

Principal Due: Total Due:

4

AR0229016001 Actual1365 5.85000 2,708,122.77 9/1/05 Actual1365 5.95000 2,708,122.77 10/1/05 ActuaV365 J 6.10000 2,708,122.77 11/1/05

-$255.11 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$5,123.24 $11,990.04 $5,123.24

12/1/05 90 $22,036.29

-$390.71 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$5,523.29 $21,645.58 $5,523.29

10/1/05 30 $13,021.25 11/1/05 31 $13,685.29 12/1/05 30 $13,577.71




Total Due:

496,981.95 9/1/05 10/1/05 496,981.95 10/1/05 11/1/05

2~ ! I D 9 8, %&3 6

-

. A0229016002 Actual1365 5.85000 ActuaU3 65 5.95000

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$9,298.92 $40,284.25 $9,298.92

30 $2,389.60 31 $2,511.46

b u r . , v - i ~ - r = sVsv-- i --,=a= -m_Ml_ma_i ___(_ + * A w, ------------=-,--1, . “-., - -_


2201 Cooperative Way Herndon, Virginia 20171 703 709 6700 I www nrucfc.coop

A Touchsronc Energy” Cooperarive @

COOPERATIVE

CLAY COUNTY ELECTRIC COOP. CORP. 300 HIGHWAY 67 NORTH P. 0. BOX 459 CORNING, AR 72422-0000

ID AR022

PERIOD 9/1/2005 to 12/1/2005

PREPARATION DATE 1111 3105

Page 3 of 5



Previously Billed, Unpaid: $0.00 $0.00 Prior Period Adjustment: $0.00

Collateral Discount: $0.00 Volume Discount: $0.00

Performance Discount: 0.12500 -$ 1 56.14

48q; (??&qd! Interest Waivers: $0.00 Overpayments Applied: $0.00


AR0229013001 360/360 -/ 6.15000 945,328.81 9/1/05 12/1/05 90 $14,534.43



4 39, asf3.4c-l Interest Waivers: Overpayments Appi id :

-$295.42 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

c Principal Due: $13,070.37 Total Due: $14,239.01 $13,070.37

AR0229014001 360/360 ’ 6.00000 382,907.67 9/1/05 12/1/05 90 $5,743.62



38C. 504, b o Interest Waivers: Overpayments Applied:

Principal Due: Total Due:

G’29014002 3601360 4 6.00000 816,343.44 9/1/05

-$119.66 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$2,403.07 $5,623.96 $2,403.07

12/1/05 90 $12,245.15

--I -__I"-- __-.- I - - .-"--l ----h-".-

~ - _ _ - - ._ -

2201 Cooperative Way Herndon, Virginia 201 71 703 709.6700 I www nrucfc coop


I A Touchstone Energy' Couprarwe

COOPERATIVE


ID AR022

PERIOD 9/1/2005 to 12/1/2005

PREPARATION DATE 1 111 3/05

Page 2 of 5


Loan ID Basis Int Rate Prin Balance From To Days Interest Principal AR022900 100 1 3601360 ' 7.00000 9,289.28 9/1/05 12/1/05 90 $162.56

Performance Discount: 0,00000 Previously Billed; Unpaid: Prior Period Adjustment:

q.431 20 Collateral Discount: Volume Discount:

B

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00

Interest Waivers: $0.00 Overpayments Applied: $0.00

Principal Due: $858.08 Total Due: $162.56 $858.08

AR0229003001 3601360 7.00000 38,648.44 9/1/05 12/1/05 90 $676.35

Performance Discount: 0.00000 $0.00 Previously Billed, Unpaid: $0.00 $0.00 Prior Period Adjustment: $0.00

Collateral Discount: $0.00 k Volume Discount: $0.00

3 ~ : iBS.a-7 Interest Waivers: $0.00 Overpayments Applied: $0.00

@ Principal Due: $2,460.17 Total Due: $676.35 $2,460.17

AR0229006001 3601360 ' 4.90000 208,934.12 9/1/05 12/1/05 90 $2,559.44

Performance Discount: 0.12500 -$65.29 Previously Billed, Unpaid: $0.00 $0.00 Prior Period Adjustment: $0.00

Collateral Discount: $0.00 Volume Discount: $0.00

&OD,\,O \ . \ 7 Interest Waivers: $0.00 Overpayments Applied: $0.00


. a02290 1000 1 3601360 8.75000 499,635.39 9/1/05 12/1/05 90 $10,929.52


2201 Cooperative Way Herndon, Virginia 20171 703.709.6700 I www.nrucfc.coop

A Tuuchsrune Energv. Cuoperatne 6 3

COOPERATIVE


ID AR022

61112005 to 9/1/2005 PERIOD

PREPARATION DATE 811 3/05 Page 1 of 5

Interest: Previously Billed, Unpaid $0.00 Current Charges $1 13,045.41 Prior Period Adjustment $0.00 Overpayments Applied $0.00 Performance Discount $-I ,295.88 Collateral Discount $0.00 Volume Discount $0.00 I n te rest Waivers $0.00

Total Interest Due $1 11,749.53 Principal:

Previously Billed, Unpaid Current Charges

$0.00 $57,488.1 9

Total Principal Due


Other: $57,488.1 9

$0.00 $0.00

Remit This Amount Bv: 8/31/05 $169.237.72


Credit $ to the account of NRUCFC #52-97214 at JP Morgan Chase, New York, New York (ABA#021 000 021)



For questions, please cal l Shannon Snow at (800) 424-2954.

The amount due includes all discounts. If you are an ACH customer your account will be

automatically debited on August 3 1, 2005.



A Touchscone Enerp ' Cuoperatl~e j&A i

COOPERATIVE


ID AR022

PERIOD 61112005 to 9/1/2005


* Interest and Principal Detail

Loan ID Basis Int Rate Prin Balance From To Days Interest Principal AR022900 1001 3601360 7.00000 10,132.60 6/1/05

9, .m 89 I Performance Discount: 0.00000 Previously Billed, Unpaid: Prior Period Adjustment:



Total Due:

AR0229003001 3601360 7.00000 41,066.30 6/1/05 p I A';', Jii( 22, .& Performance Discount: 0.00000

Previously Billed, Unpaid: Prior Period Adjustment:


overpayments Applied: Principal Due:

Total Due:

_-

AR0229006001 3601360 4.90000 217,165.69 6/1/05

- &OS, 9 3 6 IL Performance Discount: 0.12500 Previously Billed, Unpaid: Prior Period Adjustment:



Total Due:

AR022901000 1 3601360 8.75000 509,078.23 6/1/05

yq4,lP32.39

9/1/05 90 $177.32

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$843.32 $177.32 $843.32

9/1/05 90 $718.66

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$2,417.86 $718.66 $2,417.86

9/1/05 90 $2,660.28

-$67.86 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$8,231.57 $2,592.42 $8,231.57

9/1/05 90 $ 1,136.09



COOPERATIVE

CLAY COUNTY ELECTRIC 300 HIGHWAY 67 NORTH P. 0. BOX459 CORNING, AR 72422-0000

COOP. CORP. ID AR022

PERIOD 6/1/2005 to 9/1/2005

PREPARATION DATE 811 3/05

Page 3 of 5



AR0229013001 3601360 ciq5,3as 8 (

AR02290 1400 1 3601360

AR0229014002 3601360




Total Due: 6.15000 958.201.27 6/1/05




Total Due: 6.00000 385,275.22 6/1/05




Total Due: 6.00000 821,390.97 6/1/05

q \lo , 3 Y 3 .v

-$159.09 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$0.00

/$9.442.84 $10,977.00

9/1/05 90 $14,732.34

-5299.44 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$14,432.90 9/1/05 90 $5,779.13

-$120.40 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$5,658.73 9/1/05 90 $12.320.86

$9,442.84

$0.00

$12,872.46 $12,872.46

$0.00

$2.367.55 $2,367.55


COOPERATIVE

CLAY COUNTY ELECTRIC COOP. CORP. 300 HIGHWAY 67 NORTH


ID P. 0. BOX459 CORNING, AR 72422-0000

AR022

PERIOD 6/1/2005 to 9/1/2005







Total Due: AR0229015001 3601360 7.05000 1,255,7 13.43 6/1/05



overpayments Applied: Principal Due:

Total Due: AR0229016001 ActuaU365 5.10000 2,717,279.75 6/1/05

Actual1365 5.3 5000 2,717,279.75 7/1/05 Actua1/365 5.60000 2,717,279.75 8/1/05

'A ,? .C: S ,\ 2 4 ~ 1 7 Performance Discount: 0.00000 Previously Billed, Unpaid: Prior Period Adjustment:



Total Due: AR0229016002 ActuaV365 5.10000 498,662.40 611 105

ActuaV3 65 5.35000 498,662.40 7/1/05

4256.68 $0.00 $0.00 $0.00 $0.00 $0.00 50.00

$12,064.18 9/1/05 90 $22,131.95

-$392.4 1 $0.00 $0.00 50.00 $0.00 $0.00 $0.00

$0.00

$5.047.53 $5,047.53

$0.00

$5.421.63 $21,739.54

30 $11,390.24 7/1/05 8/1/05 31 $12,346.87 9/1/05 31 $12,923.83

50.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$5,427.63

$0.00

$9,156.98 $36,660.94

7/1/05 30 $2,090.28 8/1/05 31 $2,265.84

$9,156.98



ATuudrrIone Energ\' Cinperarive ?@

COOPERATIVE


ID AR022 PERIOD 6/1/2005 to 9/1/2005

PREPARATION DATE ai1 3/05

Page 5 of 5

* Interest and Principal Detail

Loan ID Basis Int Rate Prin Balance From To Days Interest Principal AR0229016002 ActuaV365 5.60000 498,662.40 8/1/05 9/1/05 31 $2,371.72




Total Due:

yqb, TQ\.95 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$1,680.45 $6,727.84 $1,680.45


513 1/05 Loan Payment -191.82 -828.81 10,132.60 AR0229001001 AR0229003001 513 1/05 Loan Payment -760.25 -2,376.27 41,066.30 AR0229006001 513 1/05 Loan Payment -2,689.49 -8,131.95 2 17,165.69 AR02290 1000 1 513 1/05 Loan Payment -1 1,176.26 -9,240.70 509,078.23 AR0229013001 5/31/05 Loan Payment -14,623.86 -12,677.54 958,201.27 AR02290 1400 1 513 1/05 Loan Payment -5,692.99 -2,332.56 385,275.22 AR0229014002 513 1/05 Loan Payment -1 2,137.22 -4,972.93 82 1,390.97 AR0229015001 513 1/05 Loan Payment -21,83 1.87 -5,333.63 1,255,713.43

2,7 17,279.75 AR02290 16002 513 1/05 Loan Payment -6,053.83 -1,654.80 498,662.40 AR02290 1600 1 513 1/05 Loan Payment -32,988.20 -9,017.22

7tqt3 , ~ @ f ; ~ ~ 6

( S l , 4gYz I S )

q, 3<b, q77. b-7

PA ~ J L C C O ~

-

f

POKERFUL FINANCIAL SOLLTIONS


COOPERATIVE I

AR022 ID

PERIOD 3/1/2005 to 6/1/2005 PREPAWTION DATE 511 3105

Page 1 of 5

Interest: Previously Billed, Unpaid Current Charges Prior Period Adiustment Overpayments Applied Performance Discount Collateral Discount Volume Discount Interest Waivers

$0.00 $1 09,455.02

$0.00 $0.00

$-I ,309.23 $0.00 $0.00

/ $0.00

Total Interest Due Principal:


. $108,145.79 v /

$0.00 $56,566.41

Total Principal Due


Other: $56,566.41

$0.00 $0.00

Remit This Amount Bv: 5/31/05 $1 64.71 2.20 J Please remit payment to CFC by bank wire transfer by the morning of the due date in immediately available funds. The bank wire should read as follows:

Credit $ to the account of NRUCFC #52-97214 at Bank One, Chicago, Illinois (ABA#071 000 013)



The amount due includes all discounts. If you are an ACH customer, your account will be

automatically debited on May 3 1, 2005.


POKERFUL FINAXCIAL SOLITIONS ”

COOPERATIVE

CLAY COUNTY ELECTRIC 300 HIGHWAY 67 NORTH P. 0. BOX 459 CORNING, AR 72422-0000


PERIOD 31112005 to 61112005 PREPARATION DATE 511 3105 Page 2 of 5

4


Loan ID Basis Int Rate Prin Balance From To Days Interest Principal AR022900 1001

AR0229003001

AR022900600 1

AR0229010001

3601360 7.00000 10,961.41 3/1/05

I6 ; 112 . b o Performance Discount: 0.00000 Previously Billed, Unpaid: Prior Period Adjustment:



Total Due:

3 6013 60 7.00000 43,442.57 3/1/05




Total Due: 3601360 4.90000 225,297.64 3/1/05

2\3 \b5. bp9 Performance Discount: 0.12500 Previously Billed, Unpaid: Prior Period Adjustment:



Total Due:

\

3601360 8.75000 51 8,318.93 3/1/05

6/1/05 90 $191.82

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$191.82 6/1/05 90 $760.25

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$760.2~ 6/1/05 90 $2,759.90

-$70.41 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$2,689.49 6/1/05 90 $11,338.23

$0.00

$828.81 ’ $828.81

$0.00

$2,376.27’ $2,376.27

$0.00

$8,131.95 $8,131.95

POKERFUL FIYANCIAL SOLIJTIONS~

COOPERATIVE

CLAY COUNTY ELECTRIC COOP. CORP. 300 HIGHWAY 67 NORTH ~1D

I

AR022 P. 0. BOX 459 CORNING, AR 72422-0000 IPERtOD 3/1/2005 to 6/1/2005

;PREPARATION DATE 511 3/05

~ Page 3 of 5



So9 o7d.b3 Performance Discount: 0.12500 Previously Billed, Unpaid: Prior Period Adjustment:



Total Due: AR0229013001 3601360 6.15000 970,878.81 3/1/05

$5 8 2,0\, b’l Performance Discount: 0.12500 Previously Billed, Unpaid: Prior Period Adjustment:



Total Due: AR0229014001 3601360 6.00000 387,607.78 3/1/05

387 275. &Z Performance Discount: 0.12500 Previously Billed, Unpaid: Prior Period Adjustment:



Total Due:

,

AR02290 14002 3601360 6.00000 826,363.90 3/1/05

4161.97 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

/ $9,240.70 $11,176.26 $9,240.70

6/1/05 90 $14,927.26

-$303.40 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$12,677.54 ’ $14,623.86 $12,677.54

6/1/05 90 $5,814.12

-$12 1.13 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 / $2,332.56

$5,692.99 $2,332.56 6/1/05 90 $12,395.46

POKERFUL FINANCIAL sOLITI0h;s-

PERIOD 3/1/2005 to 6/1/2005


COOPERATIVE I I I CLAY COUNTY ELECTRIC COOP. CORP.

300 HIGHWAY 67 NORTH !ID P. 0. BOX459 CORNING, AR 72422-0000



a\, q%.F’\ Performance Discount: 0.12500 Previously Billed, Unpaid: Prior Period Adjustment:



Total Due: AR0229015001 3601360 7.05000 1,261,047.06 3/1/05

I, ?s 5 ’7 \3 .\t3 Performance Discount: 0.12500 Previously Billed, Unpaid: Prior Period Adjustment:



Total Due: AR0229016001 Actuall365 4.65000 2,726,296.97 3/1/05

ActuaV365 4.75000 2,726,296.97 4/1/05 ActuaW365 5.00000 2,726,296.97 511105

5 Performance Discount: 0.00000 Previously Billed, Unpaid: Prior Period Adjustment:



Total Due: AR0229016002 ActuaW365 4.65000 500,317.20 3/1/05

-$258.24 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$12,137.22 6/1/05 90 $22,225.95

-$394.08 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$21,831.87 4/1/05 31 $10,767.01 5/1/05 30 $10,643.76 6/1/05 31 $11,577.43

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$0.00

$4,972.93 / $4,972.93

$0.00

$5,333.63 $5,333.63

$0.00

$9.017.22 $32,988.20

4/1/05 31 $1,975.91 $9,017.22

COOPERATIVE I

CLAY COUNTY ELECTRIC COOP. CORP. 300 HIGHWAY 67 NORTH IID AR022 P. 0. BOX 459 CORNING, AR 72422-0000 31112005 to 61112005

‘fE:EWTION DATE 511 3105

I Page 5 of 5


Loan ID Basis Int Rate Prin Balance From To Days Interest Principal AR0229016002 ActuaV365 5.00000 500,317.20 5/1/05 6/1/05 31 $2,124.63

!%q, bba. Yo Performance Discount: 0.00000 Previously Billed, Unpaid: Prior Period Adjustment:



Total Due:

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$1,654.80 $6,053.83 $1,654.80


AR022900100 1 AR0229003001 AR022900600 1 AR0229010001 AR0229013001 AR0229014001 AR02290 14002 AR02290 1500 1 AR0229016001 AR02290 16002

2/28/05 2/28/05 2/28/05 2/28/05 2/28/05 2/28/05 2/28/05 212 810 5 2/28/05 2/28/05

Loan Payment Loan Payment Loan Payment Loan Payment Loan Payment Loan Payment Loan Payment Loan Payment Loan Payment Loan Payment

-206.08 -801.11

-2,785.39 -1 1,371.24 -14,811.93

-5,630.54 -12,004.07 -21,922.61 -29,303.86 -5,377.7 1

~

-814.56 10,961.41 -2,3 3 5.40 43,442.57 -8,033.54 225,297.64 -9,042.89 518,318.93

-12,485.57 970,878.81 -2,386.08 387,607.78 -5,087.03 826,363.90 -5,24 1.25 1,26 1,047.06 -8,879.58 2,726,296.97 -1,629.55 500,317.20 ,

7 470, s5,2.7 ’ (s4 s ( P ~ Y \ )

7 , k\3 SbS8b

POKERFLL FIXASCI AL soLLTIoss"

COOPERATIVE


AR022 ID

PERIOD 12/1/2004 to 3/1/2005

PREPARATION DATE 2/13/05

Page 1 of 5

Interest: Previouslv Billed, Unpaid $0.00 Current Charqes $1 05,536.98 Prior Period Adiustment $0.00 Overpay men ts Applied $0.00 Performance Discount $-1,322.44 Collateral Discount $0.00 Volume Discount $0.00 Interest Waivers $0.00

Total Interest Due $1 04,214.54 P r i nci pal :


$0.00 $55,935.45

Total Principal Due


Other:

$55,935.45

$0.00 $0.00

Remit This Amount By: 2/28/05 $1 60.1 49.99


Credit $ to the account of NRUCFC #52-97214 at Bank One, Chicago, Illinois (ABA #071 000 013)




The amount due includes all discounts. If you are an ACH customer, your account will be

automatically debited on February 28,2005.

PO\\-ER FL-L FIKANCIAL SOLITIOXS ”

COOPERATIVE



~ PERIOD 12/1/2004 to 3/1/2005


Page 2 of 5

~ r- ~~


Loan ID Basis Int Rate Prin Balance From To Days Interest Principal ~ ~

AR0229001001 3601360 7.00000 11,775.97 12/1/04

\oqlp \ .3\ Performance Discount: 0.00000 k fix{* Previously Billed, Unpaid:

Y - 7 , b 3 c Y 3-c- Prior Period Adjustment: :cq ‘ C - Collateral Discount:

Volume Discount: Interest Waivers:


Total Due:

___

AR0229003001 360/360 7 .OOOOO 45,777.97 121 1/04

u3 qaa - SI Performance Discount: 0.00000 Previously Billed, Unpaid: Prior Period Adjustment:


c!L&!% ’3,1444L Overpayments Applied: Principal Due:

Total Due: AR0229006001 360/360 4.90000 233,331.18 12/1/04

41. b+ Performance Discount: 0.12500 Previously Billed, Unpaid: Prior Period Adjustment:



Total Due:

a x a

AR02290 1000 1 360/360 8.75000 527,36 1.82 12/ 1/04

31 1/05 90 $206.08

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$814.56 $206.08 $814.56 ’

3/1/05 90 $801.11

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$2,335.40 $801.11 $2,335.40 ’

3/1/05 90 $2,858.31

-$72.92 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

,/ $8,033.54 $2,785.39 $8,033.54

3/1/05 90 $11,536.04

POKERFUL FINANCIAL SOLVTIONS’

COOPERATIVE



PERIOD 12/1/2004 to 3/1/2005


Page 3 of 5

d



Sld 3\ 2 - 9 3 Performance Discount: 0.12500 Previously Billed, Unpaid: Prior Period Adjustment:



Total Due:

AR0229013001 360/360 6.15000 983,364.38 12/1/04

9’7 D,S’\ d . d \ Performance Discount: 0.12500 Previously Billed, Unpaid: Prior Period Adjustment:



Total Due:

AR022901400 1 360/360 5.70000 389,993.86 12/1/04 360/360 6.00000 389,993.86 1/1/05

ad7 607. ’7 8 Performance Discount: 0.12500 Previously Billed, Unpaid: Prior Period Adjustment:



Total Due: AR0229014002 360/360 5.70000 831,450.93 12/1/04

3601360 6.00000 831,450.93 1/1/05

-$164.80 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$0.00

J’ $9,042.89 $11,371.24

3/1/05 90 $15,119.23

-$307.30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$14,811.93 1/1/05 30 $1,852.47 3/1/05 60 $3,899.94

-$12 1.87 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$5,630.54

1/1/05 30 $3,949.39 3/1/05 60 $8,314.51

$9,042.89 ’

$0.00

412,485.57 ’ $12,485.57

$0.00

$2,386.08 ’ $2,386.08

COOPERATIVE


ID AR022

12/1/2004 to 3/1/2005

211 3105

Page 4 of 5



R2L 3 b 3 . 9 0 Performance Discount: 0.12500 Previously Billed, Unpaid: Prior Period Adjustment:



Total Due: AR0229015001 3601360 7.05000 1,266,288.3 1 12/1/04

I 2~ \ oU7 . o L Performance Discount: 0.12500 Previously Billed, Unpaid: Prior Period Adjustment:



Total Due: AR0229016001 ActuaY365 4.20000 2,735,176.55 12/1/04

ActuaY365 4.35000 2,735,176.55 1/1/05 ActuaY365 4.50000 2,735,176.55 2/1/05

2 9% 2Wn.m Performance Discount: 0.00000 Previously Billed, Unpaid: Prior Period Adjustment:



Total Due: AR0229016002 ActuaY365 4.2oooO 501,946.75 12/1/04

-$259.83 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$12,004.07 3/1/05 90 $22,318.33

-$395.72 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$21,922.61 1/1/05 31 $9,756.71 2/ 1/05 31 $10,105.17 3/1/05 28 $9,441.98

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$29,303.86 1/1/05 31 $1,790.51

$0.00

$5,087.03 ’ $5,087.03

$0.00

$5,241.25 / $5,241.25

$0.00

$8,879.58 ,’ $8,879.58

POKERFI-L FINANCIAL SOLYTIOKS

PERIOD 12/1/2004 to 3/1/2005


Page 5 of 5

___

COOPERATIVE ! I I CLAY COUNTY ELECTRIC COOP. CORP.

300 HIGHWAY 67 NORTH P. 0. BOX 459 CORNING. AR 72422-0000

~ ~~~


Loan ID Basis Int Rate Prin Balance From AR02290 16002 ActuaV365 4.50000 501,946.75 2/1/05 3/1/05 28 $1,732.75

To Days Interest Principal

c 3\'1,%0 Performance Discount: 0.00000 Previously Billed, Unpaid: Prior Period Adjustment:



Total Due:

- I

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$1,629.55 $5,377.7 1 $1,629.55


AR0229001001 11/30/04 Loan Payment -220.09 -800.55 1 1,775.97

AR0229006001 11/30/04 Loan Payment -2,880.13 -1,936.32 233,33 1.18 11/30/04 Loan Payment -1 1,562.05 -8,849.31 527,361.82 AR0229010001 11/30/04 Loan Payment -14,997.15 -12,296.51 983,364.38 AR0229013001 11/30/04 Loan Payment -5,468.33 , -2,352.55 389,993.86 AR02290 1400 1

AR0229014002 11/30/04 Loan Payment -1 1,658.25 -5,015.56 831,450.93 AR02290 1500 1 11/30/04 Loan Payment -22,011.79 -5,150.47 1,266,288.31 AR02290 1600 1 11/30/04 Loan Payment -25,304.2 1 -8,744.05 2,735,176.55 AR0229016002 11/30/04 Loan Payment -4,643.7 1 -1,604.67 50 1,946.75

AR0229003001 11/30/04 Loan Payment -841.28 -2,295.24 45,777.97

7 52bcHo7 -7% 0 IL

RUS FOFlM 613 10-99

PRINCIPAL

238607

238607

27367

427367

7484 10

7484 10

1052521

665393

404384

4P5149

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

S I ATEMENT OF LOAN ACCOUNT AND TRANSACTIONS FOR THREE MONTH PERIOD ENDING NOV 30, 2005

E

-

C L A Y CO ELEC COOP CORP P 0 BOX 459 CORNING AR 72422

REFERENCE NUMBER

IN1 CURRENT I

120t

I2CE

!131

1131

519

519:

1641

BALANCE AS OF I

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

NDING BALANCES PRINCIPAL

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

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

UNPAID BILLED AMOUNTS 07 ADVANCE OF FUNDS ADJ. PAYMENT ACCOUNT

* 1 N 0 0 0 0 2 6 1 0 1 * L R U S 0 6 1 3

RUS FORM 613 10-99

CONTINUED STATEMENT OF LOAN ACCOUNT AND TRANSACTIONS FOR THREE MONTH PERIOD

I 205022 1 REFERENCE NUMBER

BALANCE AS OF

INTEREST CURRENT HGCUMULATE PRINCIPAL

,NDING BALANCES PRlNClPAL

* - MONTHLY BILLED ACCOUNT

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 EUL. 20-9;320-12 33 ERC DEFERMENT

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

’ CLAY CO ELEC COOP CORP P 0 BOX 459 CORNING AR 72422

P;

DUNT IM. DATE OF b o , , bBEAI/ RATE fRANsACT. 21

,8220 0200 053105 00 18220 OE3105 04 19220 Of3105 01 --

18253

PRINCIPAL

237279

2377-79

421 167

4r21167

73654 2

736542 .

10332 19

653 190

3969 76

439 02

BALANCE AS OF I

*’- MONTHLY E l W D ACCOUNT

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

00 OPENING BALANCE 02 ADVANCE OF FUNDS 08 COLLECTION ADJUSTMENT 01 CLOSINGBALANCEAND 04 PAYMENT 09 REAPPFFiOM ADVANCE


T BALANCES PRlNclPAL

1B ADJ. TO AI3VANCE PAYMENT ACCOUNT

20 - 28 SEE RUS BUL 20-9;320-12 33 ERG OEFERMENT

SEP 16 2 0 0 5 09338 FR USDR - RD-MSS 314 457 4284 TO 918708573523 HUS tUHM 073

,CCOUNT UMBER It

le286

1 B290W5 113290

18290 18290

IB295*0537 1 B295 1 B295 18295 15295

1 8300

I 8300

18290

18300*3505

1 8300

18300

1B301a0484 18301 is301 18301 1 a301

163029~3465 16302

18302 1~302

18302

90990 9D990

9J990

10.99

INT, RATE

SOc’

1 2

3500

0500

<--b\

.*,;EMENT OF LOAN ACCOUNT AND CONTINUED a

TRANSACTIONS FOR THREE MOMH PERIOD

I-

PRINCIPAL

‘31 57

,5909 14222

-

15215 13659 15438

1601 2 13439 :4595

,8330 12761 1334 1

2096

121 16 I131 1

BALANCEASOF

REFERENCE NUMBER

*-. MONTHLY BILLED ACCOUNT

11 ACCOUNT NUMBER8 WITH Q AS THE FIRST DIGIT ARE AOVANCE PAYMENT ACCOUNIS 2/ TRANSACTION CODES:

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

UNPAID BILLED AMOUNTS 07 ADVANCE OF FUNDS ADJ. PAYMENT ACCOUNT 20 - 29 SEE RUS BUL 20-Q:320.12 33 ERG OEFERMEM

153S5k7S¶DlZf L R U S 0 6 1 3

BALANCE AS OF


11 ACCOUNT NUMBERS WITH 0 AS W E FIRST DIGIT ARE ADVANCE PAYMENT ACCOUNTS 21 TRANSACTION COoeS.

REFERENCE 1 zo5022- 1 NUMBER

WCi BALANCES PRINCIPAL

I

89C417 4

1125574 I 5 i I 1566054

103940742

103234795

26377879

26 199496

133C91965

132 191 905


UNPAID BILLEO AMOUNTS 07 ADVANCE OF FUNDS ADJ, PAYMENT ACCOUNT 20 1 29 SEE RUS BUL. 20-9320*12 33 ERG DEFERMENT

SEP 16 2005 0 9 : 3 9 F R USDQ - RD-MSS 314 457 4284 TO 918788573523 P . 0 4 / 0 4 nus runM 016

10.99 - .. .:-

CONTINL . : TATEMENT OF LOAN ACCOUNT AND \ -'-I. ' TRANSAC%ONS FOR THREE MONTH PERIOD

REFERENCE NUMBER 1 205022

- INT. UTE -

150c

120c

ACCOUN7 NUMBER 1,

9J990

9M990

94990 94990

gnggo

- - WONTULY 6 l U E V AGCOUNT

11 ACCOUNT NUMBERS WITH 9 AS THE FIRST DIGIT ARC ADVANCE PAYMENT ACCOUNTS ZITRANSACTION CODES:

00 OPENING BALANGE 02 ADVANCE OF FUNDS 08 COLLECTION ADJUSTMENT 19 ACN. TO ADVANCE PAYMEMT, 01 CLOSING BALANCE AND W PAYMENT 08 REAPP FROM ADVANCE ACCOUNT

UNPAlD BILLED AMOUNTS 07 ADVANCE OF FUNDS N J . PAYMENT ACCOUNT 20 - 29 SEE RUS EUL 20-9;32012 33 ERG DEFERMENT

** TOTQL PQGE.04 **

U. S. DEPARTMENT OF AGRICULTURE RUS FORM 613 10-99

- tCCOUNT UMBER 11

OB220 OB220 OB220

OB222 OB222 OB222

18230 18230 18230

18232 1 ~ 2 3 2 18232

18240 18240 1 8240

18242 18242 18242

18250 18250 18250

18252 18252 18252

18253 1 e253 18253

18260: 1 e260

RURAL UTILITIES SERVICE WASHINGTON, D. C. LO250

QTATEMENT OF LOAN ACCOUNT AND TRANSACTIONS FOR THREE MONTH PERIOD ENDING MAY 3 1 , 2005

P 0 BOX 459 CORNING AR

BALANCE AS OF

- :OC 21

00 04 01

00 04 01

00 04 01

00 04 01

00 04 01

00 04 01

00 04 01

00 04 01

00 04 01

00 04

-

-

INTI CURRENT

EST CCUMULATE RlNClPAL

- MONTHLY BILLED ACCOUNT

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

OUTS- CCUM. INTEF

WING BALANCES PRINCIPAL

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

UNPAID BILLED AMOUNTS 07 ADVANCE OF FUNDS ADJ. PAYMENT ACCOUNT 20 - 29 SEE RUS BUL 209;320-12 33 ERC DEFERMENT

RUS FORM 613

CONTINUED STA I’EMENT OF LOAN ACCOUNT AND TRANSACTIONS FOR THREE MONTH PERIOD

CCOUNT IUMBER 11

18260 1 8260 18260

I B264W500 18264 18264 1 8264 16264

18270*3500 18270 1 ~ 2 7 0 18270 18270

1827 1 1827 1

1827 1

1 8273 1 B273 1 B273 16273

18281fi0500

18271*3500

1827 1

lB273k3500

18281 1828 1 18281 1828 1

1~286*3500 16286 18286 1 B286

INT. RATE

DATE OF rFL4NSACT

- ZOC 21 -

04 04 01

00 04 04 04 01

00 04 04 04 01

00 04 04 04 01

00 04 04 04 D1

DO 04 D4 04 D1

DO 04 04 34 -

INTEREST CURRENT BCCUMULATEI PRINCIPAL

BALANCE AS OF

* - MONTHLY BILLED ACCOUM

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

OUTS CCUM. INTEF

UDING BALANCES PRINCIPAL

, 133C91965

1425930 13

14181 41 54

1425930 13


UNPAID BILLED AMOUNT8 07 ADVANCE OF FUNDS ADJ. PAYMENT ACCOUNT 20 - 29 SEE RUS BUL 20-9;320-12 33 ERC DEFERMENT

R U S FORM 613 10-99

CONTINIJrd STATEMENT OF LOAN ACCOUNT AND TRANSACTIONS FOR THREE MONTH PERIOD

- 4ccouNT IUMBER 1,

1~286

18290 1 e290 18290 18290 18290

1 e295 1 e295 18295 18295 18295

1 B300 I 8300 18300 1~300

1~301% 1 ~ 3 0 1 le301 18301 18301

18302' 18302 1~302 1~302

1 e300

16302

90990 9D990

9J990

- INT. ?ATE

DATE OF TRANSACl

- 2 0 [ 21

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 01

-

DO Dl

DO -

INTEREST PRINCIPAL

BALANCE AS OF

REFERENCE NUMBER

OUTS izeixmm NOlNG BALANCES PRINCIPAL

122023326

1 703 14439

16972597 1

2022933632

- MONTHLY BIUED ACCOUNT

11 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 REAPPFROM ADVANCE ACCOUNT

20 - 29 SEE RUS BUL. 20-9;320-12 _ _ - _ _ _ _ _ _ _ ~


i

R U S FORM 613 10-99

CONTINUED S l h IEMENT OF LOAN ACCOUNT' AND TRANSACTIONS FOR THREE MONTH PERIOD

I 205022 1 REFERENCE NUMBER

- \CCOUN UMBER '

9J99C

9M99 9M99

94991 94991

- DATE C TRANSA,

IM 'RAT

I INTEREST CURRENT PCCUMi - - PRINCIPAL -

350

120

BALANCE AS OF MAY 3 1 , 2005 2c - - 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 R W P F R O M ADVANCE ACCOUNT

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

R U S FORM 613 10-99

4ccouNT UMBER I/

OB220 OB220 OB220

OB222 OB222 OB222

le230 18230 18230

18232

18240

18232

18232

1 B240 18240

1~242 18242 1 B242

18250 18250 1 5 . 2 ~ 0

le252 1~252 18252

le253 1 B253 18253

1~260~0500 18260

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

STATEMENT OF LOAN ACCOUNT AND TRANSACTIONS FOR THREE MONTH PERIOD ENDING F E B 28, 2005

INT. RATE

020(

020C

050c

0500

0500

0500

0560

0500

0500

CLAY CO ELEC COOP CORP P 0 BOX 459 CORNING AR 72422

01

oc 04 01

oc 04 01

00 04 01

00 04 01

00 04 01

00 04 01

00 04 01

00 04 D 1

DO 34 -

INTEREST CURRENT kCCUMULATE

15429

15429 -

95739

1573s

19344

9344

2704

lC24

0818

3517

RlNClPAL

BALANCE AS OF

1 205022 1 REFERENCE NUMBER

OUT! CCUM. INTE

.


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


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

CONTINUED ST,. LMENT OF LOAN ACCOUNT AND TRANSACTIONS FOR THREE MONTH PERIOD

t

I ,

REFERENCE NUMBER

i

- MONTHLY BILLED ACCOUNT /ACCOUNT NUMBERS WITH 9 AS THE FIRST DIGIT ARE ADVANCE PAYMEW ACCOUMS '/TRANSACTION CODES:

00 OPENING BALANCE 01 CLOSING BALANCE AND

02 ADVANCE OF FUNDS 04 PAYMEM

08 COLLECTION ADJUSTMENT

09 R W P F R O M ADVANCE ACCOUNT

19 ADJ. TO ADVANCE PAYMENT

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

UNPAJD BILLED AMOUNTS 0;' ADVANCE OF FUNDS ADJ. PAYMENT ACCOUM

PUS FORM 61? 10.99

1 B295 16295 18295 18295

1B300*3505

16300 18300

18300 18300

1830 1 18301 le301

18301*2484

le301

lB302*0465 1 e302 1~302 18302 18302

90990 90990

9J990

E q K IUMBERl! RATE

3500

3500

CONTINUtL, STATEMENT OF LOAN ACCOUNT AND TRANSACTIONS FOR THREE MONTH PERIOD

DATE OF k0 TRANSACT. 21

013135 01 0228 5 01 0228 5 01

1130 4 OC 1230 4 04 0131 5 04 0228 5 04 0223,-c; 01

123034 04 013135 04 022835 04 022835 01

113034 00 ~22835 01

113034 00

INTEREST CURRENT KCCUMULATt

~

RlNClPAL

3559 3( 35402: 47826'

2481 14 246331 3492 22

130049 129220 1 785 09

187520 186441 252342

BALANCE AS OF


1/ ACCOUNT NUMBERS WITH Q AS THE FIRST DIGIT ARE ADVANCE PAYMENT ACCOUNTS ZITRANSACTION CODES:

REFERENCE NUMBER

OUTS CCUM. INTE

I

NDING BALANCES PRlNClPAL

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

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

*3J000027D02* LRUSOStl

5-99

CONTINUED S 1 . I EMENT OF LOAN ACCOUNT AND TRANSACTIONS FOR THREE MONTH PERIOD

REFERENCE NUMBER

CES

7


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


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

I

I.

I

borrower name and address financial. and statistical

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