2022-05-13T11:33:01-07:00 2021-12-31 990 2021-01-01 350230915 CLARK COUNTY REMC CLAR 8122463316 7810 STATE ROAD 60 SELLERSBURG IN 47172 JEREMY R MILLER ASSISTANT TREASURER 8122463316 2022-05-13 JEREMY MILLER XXX-XX-XXXX 3 AAL1 IAL1 FAL1 2021 2022-09-23 18:48:47Z JASON S CLEMMONS 7810 STATE ROAD 60 SELLERSBURG IN 47172 61492158 false X WWW.CLARKREMC.COOP X 1939 IN TO EFFICIENTLY DELIVER SAFE, RELIABLE ELECTRIC SERVICE TO OUR MEMBERS. 7 7 61 0 0 0 0 58779096 58986229 55867 64671 1461058 2216215 60296021 61267115 0 0 5427904 5291140 0 0 52274263 52818642 57702167 58109782 2593854 3157333 145906290 150145404 69125481 72591245 76780809 77554159 TO EFFICIENTLY DELIVER SAFE, RELIABLE ELECTRIC SERVICE TO OUR MEMBERS. false false 58109782 61267115 DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS. 58109782 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 28 0 true 61 true false false false false false false false false false false false 60077945 978843 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 5.85 X X 15591 0 0 CANDACE S MEYER VICE PRESIDENT 5.35 X X 11199 0 0 JOHN R BIESEL SECRETARY-TREASURER 3.28 X X 14054 0 0 JOSEPH W BASHAM DIRECTOR 5.50 X 15950 0 0 STEVEN G DIETERLEN DIRECTOR 6.07 X 12043 0 0 MARK A HUBER DIRECTOR 3.39 X 8705 0 0 ROBERT E KLEEHAMER DIRECTOR 6.69 X 2865 0 0 JEFFREY A MYERS DIRECTOR 3.24 X 14092 0 0 DAVID A VINCE GENERAL MANAGER 50.00 X X 300002 0 208668 THERA DESMOND ADMIN. ASST./ASST. SECRETARY 40.00 X 90208 0 40925 JEREMY R MILLER MGR. OF FINANCE & ADMIN./ASST. TREASURER 50.00 X 166734 0 89848 DAVID W BARTON MGR. OF OPERATIONS & ENGINEERING 50.00 X 174396 0 164291 JERRY APPLEGATE WORKING FOREMAN 51.00 X 144399 0 58590 NATHAN CLAYTON JOURNEYMAN LINEMAN 51.00 X 138640 0 39985 KEVIN CROUSE SR WORKING FOREMAN 50.00 X 136910 0 80028 CLAYTON WILLIS JOURNEYMAN LINEMAN 49.00 X 131152 0 25445 1376940 0 707780 19 false true false ELECTRICOM LLC PO BOX 319 PAOLI IN 47454 CONSTRUCTION 2026736 TOWNSEND TREE SERVICE PO BOX 7015 MUNCIE IN 47308 RIGHT-OF-WAY MAINTENANCE 1270511 SALTSGAVER CONSTRUCTION CO 1805 CORYDON PIKE NEW ALBANY IN 47151 CONSTRUCTION 956820 USIC LOCATING SERVICES LLC PO BOX 715409 CINCINNATI OH 45271 LOCATING/FIELD WORK 284207 OSMOSE UTILITIES SERVICES INC PO BOX 117284 ATLANTA GA 30368 EQUIPMENT PRESERVATION 234428 6 SALES OF ELECTRICITY 221000 58986229 0 0 58986229 53236 0 53236 26000 14565 11435 11435 11435 0 0 222555 210478 12077 12077 PATRONAGE REVENUE 221000 1789771 1789771 0 0 POLE ATTACHMENT RENTALS 221000 230484 0 0 230484 MISCELLANEOUS NON-OPERATING 221000 183883 183883 0 0 2204138 61267115 60971318 0 295797 990884 0 0 0 4300256 0 0 0 72044 0 0 0 17600 0 0 0 110820 0 0 0 6560 0 0 0 164517 0 0 0 634613 0 0 0 77038 0 0 0 2387884 0 0 0 4803776 0 0 0 103760 0 0 0 PURCHASED POWER 38902121 0 0 0 OPERATING EXPENSES 930733 0 0 0 MAINTENANCE EXPENSES 2631837 0 0 0 CUSTOMER ACCOUNT EXPENSES 540198 0 0 0 1435141 0 0 0 58109782 0 0 0 1076432 1184602 7849794 7147975 635738 736343 1105226 1006455 141183703 30973003 106563703 110210700 28675397 29859329 145906290 150145404 7847687 7831581 59295452 62655927 1982342 2103737 69125481 72591245 X 76780809 77554159 76780809 77554159 145906290 150145404 X 3157333 -2383983 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 5431008 4503417 927591 135322413 26469586 108852827 110210700 PATRONAGE CAPITAL - HOOSIER ENERGY 25795136 C PATRONAGE CAPITAL - CFC 1576286 C CAPITAL TERM CERTIFICATES - CFC 1075961 C MEMBER CAPITAL SECURITIES - CFC 500000 C PATRONAGE CAPITAL - FEDERATED 192288 C MEMBERSHIP - HOOSIER ENERGY 98332 C PATRONAGE CAPITAL - UNITED UTILITY SUPPLY 257965 C ALL OTHER INVESTMENTS 363361 C 29859329 CUSTOMER DEPOSITS 441478 CUSTOMER ADVANCES FOR CONSTRUCTION 1403803 POST RETIREMENT BENEFIT OTHER THAN PENSION 106257 ALL OTHER LIABILITIES 152199 2103737 X 61267115 61267115 61267115 58109782 58109782 58109782 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. false false false DAVID A VINCE 268223 0 0 0 31779 0 180685 0 27983 0 508670 0 0 0 JEREMY R MILLER 157880 0 0 0 8854 0 62427 0 27421 0 256582 0 0 0 DAVID W BARTON 151933 0 0 0 22463 0 134626 0 29665 0 338687 0 0 0 JERRY APPLEGATE 139366 0 0 0 5033 0 31328 0 27262 0 202989 0 0 0 NATHAN CLAYTON 136041 0 0 0 2599 0 12934 0 27051 0 178625 0 0 0 KEVIN CROUSE SR 130000 0 0 0 6910 0 51209 0 28819 0 216938 0 0 0 CLAYTON WILLIS 128932 0 0 0 2220 0 12332 0 13113 0 156597 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 GENERAL MANAGER 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 $2,408,171 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 -$2,408,171 Pt XI INCREASE IN OTHER COMPREHENSIVE INCOME $24,188 Pt XII, Line 2c ENTIRE BOARD HAS OVERSIGHT OF AUDIT AND SELECTION OF INDEPENDENT AUDITORS.