Get Form 7 - Statement Of Operations

Filling out the Form 7 - Statement Of Operations online is a straightforward process that requires attention to detail and adherence to specific guidelines. This guide will provide you with clear, step-by-step instructions to help you accurately complete the form.

Follow the steps to successfully fill out the Form 7 - Statement Of Operations online.

1. Begin by pressing the ‘Get Form’ button to access the Form 7 online and open it in your preferred editor.
2. Carefully review the ‘Operating Revenue and Patronage Capital’ section and accurately report all revenue sources.
3. Proceed to the ‘Power Production Expense’ section and input the relevant costs associated with power production.
4. Fill in the ‘Cost of Purchased Power’ field to reflect any expenses incurred from purchasing power.
5. Document the ‘Transmission Expense’ accurately, including all costs related to the transmission of power.
6. In the ‘Distribution Expense - Operation’ section, provide expenses incurred during the operation of your distribution system.
7. Continue with the ‘Distribution Expense - Maintenance’ section, noting expenses related to maintenance activities.
8. Input the ‘Customer Accounts Expense’ reflecting any costs associated with managing customer accounts.
9. Enter data in the ‘Customer Service and Informational Expense’ section, detailing expenses incurred in customer service.
10. Record the ‘Sales Expense’ which covers costs related to the sale of services or products.
11. List the ‘Administrative and General Expense’, including general overhead costs and administration expenses.
12. Calculate and sum all expenses from step 2 through step 10 to determine the ‘Total Operation & Maintenance Expense’.
13. Fill in the ‘Depreciation and Amortization Expense’ reflecting any depreciation on assets.
14. Complete the ‘Tax Expense - Property & Gross Receipts’ section with relevant tax figures.
15. Fill in any other relevant tax expenses in the ‘Tax Expense - Other’ section.
16. Document ‘Interest on Long-Term Debt’ accurately reflecting all related interest costs.
17. If applicable, note any credits under ‘Interest Charged to Construction - Credit’.
18. List additional interest expenses in the ‘Interest Expense - Other’ field.
19. Include any other deductions in the ‘Other Deductions’ section.
20. Finally, sum all costs in order to determine the ‘Total Cost of Electric Service’.
21. Document the ‘Patronage Capital & Operating Margins’ by subtracting total costs from revenues.
22. Complete the remaining sections regarding non-operating margins and equity investments, ensuring all figures are accurate.
23. Upon completing the form, review all entries thoroughly for accuracy.
24. Save changes to the form and consider downloading, printing, or sharing it according to your needs.

Start filling out your Form 7 - Statement Of Operations online today to ensure accurate reporting.