2024-05-07T07:29:25-07:00 2023-12-31 990 2023-01-01 350230915 CLARK COUNTY REMC CLAR 8122463316 7810 STATE ROAD 60 SELLERSBURG IN 47172 JEREMY R MILLER ASSISTANT TREASURER 8122463316 2024-05-07 JEREMY MILLER XXX-XX-XXXX true 3 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z JASON S CLEMMONS 7810 STATE ROAD 60 SELLERSBURG IN 47172 71639504 false X WWW.CLARKREMC.COOP X 1939 IN TO EFFICIENTLY DELIVER SAFE, RELIABLE ELECTRIC SERVICE TO OUR MEMBERS. 7 7 64 0 0 0 0 66499866 68902950 71386 72809 2008019 2655567 68579271 71631326 0 0 5493012 5449050 0 0 56811086 60640460 62304098 66089510 6275173 5541816 158055649 160246324 78530941 78016779 79524708 82229545 TO EFFICIENTLY DELIVER SAFE, RELIABLE ELECTRIC SERVICE TO OUR MEMBERS. false false 66089510 71631326 DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS. 66089510 false false true false false false false false false true false true false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 34 0 true 64 true false false false false false false false false false false false 70234985 1665738 false false false X 7 7 false false false false true true true true true false false true true false true true true true true false IN X CLARK COUNTY REMC 8122463316 7810 STATE ROAD 60 SELLERSBURG IN 47172 PAUL A GRAF PRESIDENT 6.29 X X 15219 0 0 JOHN R BIESEL VICE PRESIDENT 4.97 X X 15045 0 0 JEFFREY A MYERS SECRETARY-TREASURER 5.35 X X 14470 0 0 JOSEPH W BASHAM DIRECTOR 5.54 X 14968 0 0 STEVEN G DIETERLEN DIRECTOR 7.15 X 11162 0 0 JAMES GREGORY HOSTETTLER DIRECTOR 4.75 X 5565 0 0 MARK A HUBER DIRECTOR 4.28 X 14609 0 0 AMBERLEY KENDALL DIRECTOR 3.46 X 2105 0 0 JASON CLEMMONS CHIEF EXECUTIVE OFFICER 50.00 X X 232143 0 130081 THERA DESMOND ADMIN. ASST./ASST. SECRETARY 40.00 X 97211 0 34711 JEREMY R MILLER MGR. OF FINANCE & ADMIN./ASST. TREASURER 50.00 X 185762 0 80520 NASH SUMMERS MGR. OF OPERATIONS & ENGINEERING 50.00 X 149614 0 51095 JERRY APPLEGATE WORKING FOREMAN 50.00 X 145997 0 50044 KEVIN CROUSE SR WORKING FOREMAN 49.00 X 145193 0 75338 KEVIN KASTENSMIDT MGR. OF INFORMATION TECHNOLOGY 50.00 X 144516 0 58029 CHRISTOPHER WOODS WORKING FOREMAN 50.00 X 140452 0 50723 1334031 0 530541 22 false true false ELECTRICOM LLC PO BOX 319 PAOLI IN 47454 CONSTRUCTION 1773368 TOWNSEND TREE SERVICE PO BOX 7015 MUNCIE IN 47308 RIGHT-OF-WAY MAINTENANCE 1436876 SALTSGAVER CONSTRUCTION CO 1805 CORYDON PIKE NEW ALBANY IN 47151 CONSTRUCTION 889297 D J WINDELL INC 3094 OLD HEINZ ROAD NE CORYDON IN 47112 STAKING/INSPECTION 225550 ON THE SPOT RESOURCES INC 5035 CHARLOTTE AVE EVANSVILLE IN 47720 LOCATING SERVICES 212866 7 SALES OF ELECTRICITY 221000 68902950 0 0 68902950 53809 0 53809 19000 0 19000 19000 19000 0 0 6812 8178 -1366 -1366 PATRONAGE REVENUE 221000 1890334 1890334 0 0 POLE ATTACHMENT RENTALS 221000 324964 0 0 324964 MISCELLANEOUS NON-OPERATING 221000 441635 441635 0 0 2656933 71631326 71253919 0 377407 X 853571 0 0 0 4595479 0 0 0 42291 0 0 0 13950 0 0 0 178139 0 0 0 7332 0 0 0 163711 0 0 0 763042 0 0 0 157195 0 0 0 2578507 0 0 0 5238273 0 0 0 113063 0 0 0 PURCHASED POWER 45820988 0 0 0 OPERATING EXPENSES 1064853 0 0 0 MAINTENANCE EXPENSES 3122528 0 0 0 CUSTOMER ACCOUNT EXPENSES 669078 0 0 0 707510 0 0 0 66089510 0 0 0 1470212 1539423 10609820 8719168 752509 865778 1209918 1376562 154758219 36664987 115130399 118093232 28882791 29652161 158055649 160246324 9680841 9225144 65677930 65349047 3172170 3442588 78530941 78016779 X 79524708 82229545 79524708 82229545 158055649 160246324 X 5541816 -2836979 X X false true X true false 2000 0 0 2000 2000 true INDIANA FRIENDS OF RURAL ELECTRIFICATION 8888 KEYSTONE CROSSING SUITE 1600 INDIANAPOLIS IN 46240 351998087 2000 0 Pt I-A Line 1 THE REMC MAKES A DIRECT CONTRIBUTION TO INDIANA FRIENDS OF RURAL ELECTRIFICATION, WHICH IS A POLITICAL ACTION COMMITTEE. 0 430282 430282 5782528 4668484 1114044 148545409 31996503 116548906 118093232 PATRONAGE CAPITAL - HOOSIER ENERGY 25379355 C PATRONAGE CAPITAL - CFC 1722142 C CAPITAL TERM CERTIFICATES - CFC 1007537 C MEMBER CAPITAL SECURITIES - CFC 500000 C PATRONAGE CAPITAL - FEDERATED 220408 C MEMBERSHIP - HOOSIER ENERGY 98332 C PATRONAGE CAPITAL - UNITED UTILITY SUPPLY 363267 C ALL OTHER INVESTMENTS 361120 C 29652161 CUSTOMER DEPOSITS 479539 CUSTOMER ADVANCES FOR CONSTRUCTION 2603857 POST RETIREMENT BENEFIT OTHER THAN PENSION 135009 ALL OTHER LIABILITIES 224183 3442588 X 71631326 71631326 71631326 66089510 66089510 66089510 Pt X, Line 2 ACCOUNTING FOR UNCERTAIN TAX POSITIONS - IN JUNE 2006, THE FASB ISSUED "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES". THE GENERALLY ACCEPTED ACCOUNTING PRINCIPAL PROVIDES DETAILED GUIDANCE FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS. THE ACCOUNTING PRINCIPAL REQUIRES AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. THE ADOPTION OF THIS ACCOUNTING PRINCIPAL DOES NOT HAVE A MATERIAL EFFECT ON ITS FINANCIAL POSITION, RESULTS OF OPERATIONS, OR CASH FLOWS AS THE REMC DOES NOT BELIEVE THEY ARE TAKING ANY UNCERTAIN TAX POSITIONS. X X X false false false JASON CLEMMONS 221468 0 0 0 10675 0 103062 0 27019 0 362224 0 0 0 JEREMY R MILLER 175179 0 0 0 10583 0 53721 0 26799 0 266282 0 0 0 NASH SUMMERS 132319 0 0 0 17295 0 24455 0 26640 0 200709 0 0 0 JERRY APPLEGATE 142881 0 0 0 3116 0 23455 0 26589 0 196041 0 0 0 KEVIN CROUSE SR 137557 0 0 0 7636 0 46769 0 28569 0 220531 0 0 0 KEVIN KASTENSMIDT 143452 0 0 0 1064 0 31378 0 26651 0 202545 0 0 0 CHRISTOPHER WOODS 137259 0 0 0 3193 0 24318 0 26405 0 191175 0 0 0 Pt VI, Line 6 CONSUMERS OF THE REMC'S ELECTRIC SERVICE ARE CONSIDERED MEMBERS OF THE COOPERATIVE. Pt VI, Line 7a MEMBERS OF THE REMC ELECT THE BOARD OF DIRECTORS. Pt VI, Line 7b A MEMBER VOTE IS REQUIRED TO CHANGE THE ARTICLES OF INCORPORATION OF THE REMC. Pt VI, Line 11b THE RETURN IS REVIEWED BY THE BOARD OF DIRECTORS AND MANAGEMENT BEFORE MAILING TO THE GOVERNMENT. Pt VI, Line 12c ONLY THE CHIEF EXECUTIVE OFFICER AND DIRECTORS ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS CONFIRMING THEY HAVE NO CONFLICTS OF INTEREST OR DISCLOSING ANY THEY MAY HAVE. ALL OTHER EMPLOYEES ARE REQUIRED BY THE CORPORATION'S CODE OF BUSINESS ETHICS AND CONDUCT POLICY TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST ON AN ONGOING BASIS. Pt VI, Line 15a THE REMC EMPLOYS AN OUTSIDE, INDEPENDENT FIRM TO PREPARE A COMPENSATION STUDY FOR ALL EMPLOYEES. STUDY INCLUDES DATA FROM NATIONAL, REGIONAL, AND LOCAL LEVEL COMPARISON. DIRECTOR COMPENSATION WAS BASED ON A SIMILAR STUDY. Pt VI, Line 15b THE REMC EMPLOYS AN OUTSIDE, INDEPENDENT FIRM TO PREPARE A COMPENSATION STUDY FOR ALL EMPLOYEES. STUDY INCLUDES DATA FROM NATIONAL, REGIONAL, AND LOCAL LEVEL COMPARISON. DIRECTOR COMPENSATION WAS BASED ON A SIMILAR STUDY. Pt VI, Line 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. Other Pt IX, Line 4: PATRONAGE CAPITAL RETURNED TO MEMBERS TOTALING $2,857,895 HAS BEEN INCLUDED IN THE RECONCILIATION OF NET ASSETS ON PART XI, LINE 9. Pt XI OTHER CHANGES IN NET ASSETS OR FUND BALANCES: Pt XI PATRONAGE CAPITAL RETURNED TO MEMBERS -$2,857,895 Pt XI INCREASE IN OTHER COMPREHENSIVE INCOME $20,916 Pt XII, Line 2c ENTIRE BOARD HAS OVERSIGHT OF AUDIT AND SELECTION OF INDEPENDENT AUDITORS.