People's Electric Cooperative


Gross Receipts Paid to Area Schools in 2009

During 2009, People's Electric paid a total of $688,324.74 in gross receipts taxes to the 33 school districts in its service territory. People's Electric pays gross receipts taxes which are, in turn, distributed to these school districts. These gross receipts taxes are paid in lieu of ad valorem taxes, and are assessed according to the number of miles of power line maintained by the cooperative within each school district.

Gross receipts taxes are paid throughout the year and then divided among the area school systems when the cooperative reports the miles of line and the percentage of People's Electric's total system which exists within each school district. (See the accompanying chart below which shows the 2009 distribution of gross receipts by school district.)

In addition to the gross receipts tax People's Electric pays to help support the schools, PEC pays federal income and excise taxes, Social Security, both state and federal unemployment taxes, franchise taxes and various other licenses and fees assigned by state and regulatory agencies.

2009 marked the 73rd year PEC has been providing electrical service and financial support through Gross Receipts taxes to school districts in Pontotoc, Hughes, Seminole, Pittsburg, Coal, Johnston, Murray, Garvin, and McClain Counties.

The accompanying chart details these school systems and the amounts each received from PEC's gross receipts taxes in 2009.

Coal County Coalgate

$40,112.53

Cottonwood

13,120.79

Olney

19,167.33

Tupelo

23,708.95

Garvin County Paoli

7,009.31

Pauls Valley

8,372.72

Stratford

39,567.11

Wynnewood

18,891.66

Hughes County Calvin

18,809.47

Holdenville

34,313.41

Moss

25,578.92

Stuart

13,381.63

Wetumka

893.19

Johnston County Millcreek

30,333.23

Ravia

1,310.89

Tishomingo

23,663.23

Wapanucka

13,614.47

McClain County Asher

1,137.17

Byars

12,575.10

Wayne

1,588.68

Murray County Davis

4,022.75

Sulphur

47,042.90

Pittsburg County Kiowa

17,460.35

Pontotoc County Ada

4,997.09

Allen

36,966.80

Asher

1,304.98

Byng

60,887.93

Latta

20,916.67

Pickett-Center

11,086.20

Roff

22,758.33

Stonewall

44,594.11

Vanoss
49,863.98
Seminole County Konawa

5,346.30

Sasakwa

13,926.56

TOTAL $ 688,324.74

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