2024-09-16T03:53:37-04:00 2023-12-31 990 2023-01-01 310231070 BUTLER RURAL ELECTRIC COOP INC % THOMAS C WOLFENBARGER BUTL 5138674400 3888 STILLWELL BECKETT RD OXFORD OH 450569115 Evan Rauch CFO 2024-09-16 2023 2024-08-08 14:25:15Z THOMAS C WOLFENBARGER 3888 STILLWELL BECKETT RD OXFORD OH 450569115 36690083 false X www.butlerrural.coop X 1936 OH BUTLER RURAL ELECTRIC COOPERATIVE IS AN ELECTRIC DISTRIBUTION COOPERATIVE PROVIDING ELECTRIC SERVICES TO MEMBERS IN BUTLER HAMILTON PREBLE AND MONTGOMERY COUNTIES 9 0 54 0 138657 0 0 0 36419165 35390150 80680 242552 754614 834492 37254459 36467194 17000 21500 2926275 2795104 5815293 5766196 0 0 0 28495891 27884394 37254459 36467194 0 0 94737726 96462443 52876644 53905083 41861082 42557360 TO BE A DYNAMIC PROGRESSIVE ORGANIZATION GUIDED BY COOPERATIVE PRINCIPLES AND TO PROVIDE ENERGY AND OTHER VALUE-ADDED SERVICES TO ITS MEMBERS. THE COOPERATIVE WILL PARTICIPATE IN ITS COMMUNITIES PROVIDING LEADERSHIP AND SUPPORT TO IMPROVE THE QUALITY OF LIFE FOR ALL OF ITS CITIZENS. false false 36467195 21500 36467195 THE COOPERATIVE IS AN INTEGRAL PART OF THE COMMUNITY PROVIDING ELECTRIC SERVICE TO THE THE MEMBERS IN BUTLER HAMILTON PREBLE AND MONTGOMERY COUNTINES 0 0 0 0 0 0 0 0 0 36467195 false false false false false false false false false false true false true false true true false false false false false false false false false false false true true true false false false false false false false false false false false true false false true 33 0 54 true true true false false false false false false 0 false false false false false false false 35390150 1616182 false false false X 9 0 false false false false true true false true true false false true true true true true false true true false X X EVAN RAUCH 5138674400 3888 STILLWELL BECKETT RD OXFORD OH 45056 THOMAS WOLFENBARGER GENERAL MANAGER 45.00 0.00 X 233984 0 90637 JULIE ABBOTT DIRECTOR OF HUMAN RESOURCES 50.00 0.00 X 149086 0 53486 LAURA SMITH DIRECTOR OF CORPORATE AND MEMBER SERVICES 45.00 0.00 X 147624 0 57875 MICHAEL MURRAY DIRECTOR OF OPERATIONS 50.00 0.00 X 146793 0 57014 STEVEN ABRAMS LEAD LINEWORKER 48.00 0.00 X 140236 0 49086 RAYMOND BRUNNER OPERATIONS CONSTRUCTION COORDINATOR 42.00 0.00 X 140917 0 50878 DAVID EVANS PRESIDENT 9.00 0.00 X 23318 0 0 ROBERT HOELLE VICE PRESIDENT 6.00 0.00 X 14401 0 0 JAMES MEADOR SECRETARY TREASURER 7.00 0.00 X 16444 0 0 MICHAEL TILTON TRUSTEE 6.00 0.00 X 16450 0 0 THOMAS MCQUISTON TRUSTEE 5.00 0.00 X 13120 0 0 JAMES O'BRIEN TRUSTEE 5.00 0.00 X 12743 0 0 RONALD KOLB TRUSTEE 7.00 0.00 X 12328 0 0 ROBERT SPAETH TRUSTEE 8.00 0.00 X 11388 0 0 JAY HASBROOK TRUSTEE 6.00 0.00 X 10399 0 0 1089231 0 358976 21 false true false NRECA 4031 WILSON BLVD ARLINGTON VA 22203 INSURANCE & BENEFITS 2395122 THE DAVEY TREE EXPERT COMPANY PO BOX 94532 CLEVELAND OH 44101 TREE TRIMMING 1245913 UNITED UTILITY SUPPLY COOPERATIVE PO BOX 32170 LOUISVILLE KY 40232 MATERIAL SUPPLIER 1046499 NIAGARA POWER TRANSFORMER CORP 1755 DALE RD BUFFALO NY 14225 TRANSFORMER SUPPLIER 389863 NATIONAL INFORMATION SOLUTIONS PO BOX 1147 MANDAN ND 58554 SOFTWARE PROVIDER 266569 13 0 0 0 0 0 0 0 0 Utilities 221000 34724678 34724678 0 0 Program Service Revenue 665472 665472 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 35390150 240321 0 0 240321 0 0 0 0 0 0 0 0 362964 0 0 0 362964 0 362964 0 0 362964 0 28500 0 26269 0 2231 2231 0 0 2231 0 0 0 0 0 0 0 0 0 0 0 0 323630 196620 127010 0 0 127010 ASSOCIATED ORGN PATRONAGE CAPITAL 900099 205861 0 0 205861 ELECTRICIAN SERVICES NON MEMBER 811000 138642 0 138642 0 INTERNET NON MEMBER 15 0 15 0 0 0 0 0 344518 36467194 35390150 138657 938387 0 0 21500 21500 0 0 2795104 2795104 1089231 1089231 0 0 0 0 0 0 3060932 3060932 0 0 461868 461868 0 0 854650 854650 0 0 299515 299515 0 0 0 0 0 0 111551 111551 0 0 24175 24175 0 0 0 0 0 0 0 0 0 0 0 0 242837 242837 0 0 238280 238280 0 0 288206 288206 0 0 335085 335085 0 0 0 0 0 0 1604581 1604581 0 0 78819 78819 0 0 0 0 0 0 159274 159274 0 0 1584272 1584272 0 0 0 0 0 0 2830961 2830961 0 0 107799 107799 0 0 COST OF POWER 16951955 16951955 0 0 STATE OF OHIO, KWH TAX 917076 917076 0 0 RIGHT-OF-WAY CLEARING 1396879 1396879 0 0 0 0 0 0 1012644 1012644 0 0 36467194 36467194 0 0 0 0 0 0 749556 489634 2063865 3061538 0 0 4379242 3983427 0 0 0 0 0 0 778866 841827 175552 292657 97719877 27810198 68870632 69909679 0 0 0 0 14910036 15097836 2399212 2382871 410765 402974 94737726 96462443 4182116 4335898 0 0 0 0 0 0 0 0 0 0 47222481 48468038 0 0 1472047 1101147 52876644 53905083 X 0 0 120560 120690 41740522 42436670 41861082 42557360 94737726 96462443 X 0 0 0 0 0 696278 X true X true X true 1062126 1062126 7648297 3774974 3873323 89009454 24035224 64974230 69909679 INVESTMENTS IN ASSOCIATED ORGANIZATIONS - PATRONAGE CAPITAL 13446765 F INVESTMENTS IN ASSCOIATED ORGANIZATIONS - OTHER 686068 C INVESTMENTS - CAPITAL TERM CERTIFICATES 421070 C INVESTMENTS - MEMBERSHIPS 337551 C INVESTMENTS - OTHER 201363 C INVESTMENTS - CTC INTEREST RECEIVABLE 5019 C 15097836 ACCUMULATED OPERATING PROVISION 311990 ACCUMULATED PROVISIOM FOR RATE REFUND -147086 CONSUMER DEPOSITS 76762 DEFERRED CREDITS 859481 1101147 X Part X, line 2 THE COOPERATIVE IS A RURAL ELECTRIC COOPERATIVE EXEMPT FROM FDERAL INCOME TAXES UNDER SECTION 501c12 OF THE INTERNAL REVENUE SERVICE CODE. ACCORDINGLY NO PROVISION FOR FEDERAL INCOMES TAXES HAS BEEN RECORDED. THE COOPERATIVE COMPLIES WITH ASC 740-10 RELATED TO UNCERTAIN TAX POSITIONS. ASC 740-10 PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. MANAGEMENT IS NOT AWARE OF ANY TAX POSITIONS TAKNE BY THE COOPERATIVE ON ITS TAX RETURNS THAT THEY CONSIDER TO BE UNCERTAIN OR THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. TAX RETURNS FOR YEARS ENDED 2020 2021 AND 2022 ARE STILL OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. true BREC SCHOLARSHIPS 13 21500 0 0 College Scholarships 0 0 0 0 0 0 0 0 0 0 0 0 false false false THOMAS WOLFENBARGER GENERAL MANAGER 210953 0 5896 0 17135 0 60658 0 43693 0 338335 0 70800 0 JULIE ABBOTT DIRECTOR OF HUMAN RESOURCES 141513 0 5198 0 2375 0 28953 0 36158 0 214197 0 33920 0 LAURA SMITH DIRECTOR OF CORPORATE AND MEMBER SERVICES 141107 0 3249 0 3268 0 33713 0 35675 0 217012 0 0 0 MICHAEL MURRAY DIRECTOR OF OPERATIONS 138365 0 4173 0 4255 0 32482 0 37366 0 216641 0 28420 0 STEVEN ABRAMS LEAD LINEWORKER 138771 0 500 0 965 0 20467 0 40886 0 201589 0 0 0 RAYMOND BRUNNER OPERATIONS & CONSTRUCTION COORDINATOR 135820 0 1788 0 3309 0 22103 0 41100 0 204120 0 0 0 Part VI, Line 6 CLASSES OF MEMBERS OR STOCKHOLDERS OF BUTLER RURAL ELECTRIC COOPERATIVE INC ARE COMPRISED OF MEMBERS WHO ARE ANY PERSON WHETHER A NATURAL PERSON OR A FIRM ASSOCIATION CORPORATION PARTNERSHIP BODY POLITIC OR SUBDIVISION THEREOF WHO RECEIVE ELECTRIC SERVICE FROM THE COOPERATIVE AGREE TO COMPLY WITH AND BE BOUND BY THE ARTICLES OF INCORPORATION AND CODE OF REGULATIONS BY THE COOPERATIVE ANY RULES AND REGULATIONS AND POLICIES ADOPTED BY THE BOARD FO DIRECTORS Part VI, Line 7a THE ANNUAL MEETING OF THE MEMBERS SHALL BE HELD EACH YEAR AT SUCH A TIME AND PLACE SELECTED BY THE BOARD AND WHICH SHALL BE DESIGNATED IN THE NOTICE OF THE MEETING FOR THE PURPOSE OF REPORTING THE RESULTS OF THE ELECTION OF TRUSTEES PASSING UPON REPORTS FOR THE PREVIOUS FISCAL YEAR AND TRANSACTING SUCH OTHER BUSINESS AS MAY COME BEFORE THE MEETING. IT SHALL BE THE RESPONSIBILITY OF THE BOARD TO MAKE ADEQUATE PREPARATIONS FOR THE ANNUAL MEETING. FAILURE TO HOLD THE ANNUAL MEETING AT THE DESIGNATED TIME SHALL NOT WORK AS FORFEITURE OF DISSOLUTION OF THE COOPERATIVE. IN THE EVENT THAT SUCH ANNUAL MEETING IS NOT HELD FOR ANY REASON ALL MATTERS TO BE ATTENDED TO WILL BE CONSIDERED AT THE NEXT ANNUAL MEETING THE DATE AND TIME TO BE DESIGNATED BY THE BOARD OF TRUSTEES. Part VI, Line 12c EACH YEAR BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICT OF INTEREST BY SIGNING A STATEMENT OF NON-CONFLICT. IF THERE IS A CONFLICT OF INTEREST IT WILL BE EVALUATED ON A CASE-BY-CASE BASIS AND DEALT WITH IN AN APPROPRIATE MANNER UPON THE ADVICE OF LEGAL COUNSEL. Part VI, Line 15 THE COOPERATIVE USES THE NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION'S COMPENSATION SURVEY TO ASSIST IN THE DECISION BY THE BOARD OF TRUSTEES ON THE COMPENSATION OF THE GENERAL MANAGER THE DECISION IS MADE EACH DECEMBER DURING THE GENERAL MANAGER'S EMPLOYEE PERFORMANCE EVALUATION. THE EVALUATION IS A WRITTEN AND ORAL REVIEW MADE BY THE BOARD OF TRUSTEES TO THE GENERAL MANAGER. THIS SURVEY IS ALSO USED FOR OTHER OFFICERS OR KEY EMPLOYEES OF THE COOPERATIVE. THE SALARY FOR OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE GENERAL MANAGER. Part VI, Line 19 THE GOVERNING DOCUMENTS OF THE COOPERATIVE ARE GIVEN TO EACH MEMBER IN WRITTEN FORM AND AVAILABLE ON THE COOPERATIVES WEBSITE. AT THE TIME OF MEMBERSHIP THE CONFLICTS OF INTEREST POLICY IS AVAILABLE UPON REQUEST. THE AUDITED FINANCIAL STATEMENTS ARE PUBLISHED EACH YEAR IN THE OHIO COOPERATIVE LIVING MAGAZINE AFTER THE ANNUAL AUDIT BY AN INDEPENDENT AUDITING FIRM. THIS MAGAZINE IS DISTRIBUTED MONTHLY TO EACH MEMBER OF THE COOPERATIVE. Part XI, Line 9 | Description:, Explanation:, Amount:| CURRENT YEAR MARGINS, OTHER CHANGES IN NET ASSETS, $2795104| INCREASE IN MEMBERSHIPS, OTHER CHANGES IN NET ASSETS, $130| RETIRED PATRONAGE, OTHER CHANGES IN NET ASSETS, $-2222123| RE-ALLOCATION OF UNCLAIMED FUNDS, OTHER CHANGES IN NET ASSETS, $119748| DECREASE IN PATRONAGE PAYABLE ACCOUNT, OTHER CHANGES IN NET ASSETS, $3419| BREC SELECT INC 3888 STILLWELL BECKETT ROAD OXFORD OH 45056 020577826 ELECTRICIAN SERVICES OH 501(C)(12) BUTLER RURAL ELECTRIC COOPERATIVE false false false false false false false false false false false false false false false false false false false false