2021-05-14T12:25:05-07:00 2020-12-31 990 2020-01-01 350230915 CLARK COUNTY REMC CLAR 8122463316 7810 STATE ROAD 60 SELLERSBURG IN 47172 JEREMY R MILLER ASSISTANT TREASURER 8122463316 2021-05-14 JEREMY MILLER XXX-XX-XXXX 3 AAL1 IAL1 FAL1 2020 2022-09-23 18:48:47Z DAVID A VINCE 7810 STATE ROAD 60 SELLERSBURG IN 47172 60469430 false X WWW.THEREMC.COM X 1939 IN TO EFFICIENTLY DELIVER SAFE, RELIABLE ELECTRIC SERVICE TO OUR MEMBERS. 7 7 58 0 0 0 0 59916007 58779096 62585 55867 1953314 1461058 61931906 60296021 0 0 4805108 5427904 0 0 53050407 52274263 57855515 57702167 4076391 2593854 143084287 145906290 66042882 69125481 77041405 76780809 TO EFFICIENTLY DELIVER SAFE, RELIABLE ELECTRIC SERVICE TO OUR MEMBERS. false false 57702167 60296021 DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS. 57702167 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 29 0 true 58 true false false false false false false false false false false false 59438646 1307689 false false false X 7 7 false false true 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 STEVEN G DIETERLEN PRESIDENT/DIRECTOR 4.86 X X 11080 0 0 PAUL A GRAF VICE PRESIDENT/PRESIDENT 4.92 X X 12709 0 0 CANDACE S MEYER SEC.-TREAS./VICE PRESIDENT 4.23 X X 9147 0 0 JOHN R BIESEL DIRECTOR/SEC.-TREAS. 3.27 X X 13314 0 0 JOSEPH W BASHAM DIRECTOR 4.68 X 12036 0 0 ROBERT E KLEEHAMER DIRECTOR 3.16 X 12041 0 0 JEFFREY A MYERS DIRECTOR 2.17 X 7664 0 0 DALE E BOTTORFF FORMER DIRECTOR 0.00 X X 10643 0 0 GLENN A REIS FORMER DIRECTOR 0.00 X X 13429 0 0 JIMMIE L SANDERS FORMER DIRECTOR 0.00 X X 4142 0 0 STEPHEN C STUMLER FORMER DIRECTOR 0.00 X X 21787 0 0 DAVID A VINCE GENERAL MANAGER 50.00 X X 286739 0 182524 THERA DESMOND ADMIN. ASST./ASST. SECRETARY 40.00 X 89081 0 34057 JEREMY R MILLER MGR. OF FINANCE & ADMIN./ASST. TREASURER 50.00 X 162982 0 78492 DAVID W BARTON MGR. OF OPERATIONS & ENGINEERING 50.00 X 157378 0 155568 KEVIN CROUSE SR WORKING FOREMAN 49.00 X 132975 0 77147 JERRY APPLEGATE WORKING FOREMAN 48.00 X 131161 0 51677 KEVIN KASTENSMIDT MANAGER OF INFORMATION TECHNOLOGY 50.00 X 125582 0 42320 CHRISTOPHER WOODS JOURNEYMAN LINEMAN 49.00 X 123593 0 49068 1337483 0 670853 18 true true false ELECTRICOM LLC PO BOX 319 PAOLI IN 47454 CONSTRUCTION 2126174 TOWNSEND TREE SERVICE PO BOX 7015 MUNCIE IN 47308 RIGHT-OF-WAY MAINTENANCE 1323141 SALTSGAVER CONSTRUCTION CO 1805 CORYDON PIKE NEW ALBANY IN 47151 CONSTRUCTION 679372 USIC LOCATING SERVICES LLC PO BOX 713359 CINCINNATI OH 45271 LOCATING/FIELD WORK 198073 4 SALES OF ELECTRICITY 221000 58779096 0 0 58779096 53945 0 53945 3200 1278 1922 1922 1922 0 0 180975 172131 8844 8844 PATRONAGE REVENUE 221000 1059407 1059407 0 0 POLE ATTACHMENT RENTALS 221000 223624 0 0 223624 MISCELLANEOUS NON-OPERATING 221000 169183 169183 0 0 1452214 60296021 60009608 0 286413 911866 0 0 0 4516038 0 0 0 15623 0 0 0 13570 0 0 0 86446 0 0 0 5276 0 0 0 168491 0 0 0 600866 0 0 0 36638 0 0 0 2338440 0 0 0 4671505 0 0 0 103980 0 0 0 PURCHASED POWER 39172789 0 0 0 OPERATING EXPENSES 783829 0 0 0 MAINTENANCE EXPENSES 2417743 0 0 0 CUSTOMER ACCOUNT EXPENSES 453693 0 0 0 1405374 0 0 0 57702167 0 0 0 1104505 1076432 7604586 7849794 410397 635738 1432705 1105226 135213291 28649588 103870347 106563703 28661747 28675397 143084287 145906290 7071181 7847687 56937065 59295452 2034636 1982342 66042882 69125481 X 77041405 76780809 77041405 76780809 143084287 145906290 X 2593854 -2854450 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 5445670 4438829 1006841 129337339 24210759 105126580 106563703 PATRONAGE CAPITAL - HOOSIER ENERGY 24719989 C PATRONAGE CAPITAL - CFC 1505091 C CAPITAL TERM CERTIFICATES - CFC 1104952 C MEMBER CAPITAL SECURITIES - CFC 500000 C PATRONAGE CAPITAL - FEDERATED 180745 C MEMBERSHIP - HOOSIER ENERGY 98332 C PATRONAGE CAPITAL - UNITED UTILITY SUPPLY 232832 C ALL OTHER INVESTMENTS 333456 C 28675397 CUSTOMER DEPOSITS 498111 CUSTOMER ADVANCES FOR CONSTRUCTION 1190231 POST RETIREMENT BENEFIT OTHER THAN PENSION 119286 ALL OTHER LIABILITIES 174714 1982342 X 60296021 60296021 60296021 57702167 57702167 57702167 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 DALE E BOTTORFF 0 0 0 0 10643 0 0 0 0 0 10643 0 0 0 GLENN A REIS 0 0 0 0 13429 0 0 0 0 0 13429 0 0 0 JIMMIE L SANDERS 0 0 0 0 4142 0 0 0 0 0 4142 0 0 0 STEPHEN C STUMLER 0 0 0 0 21787 0 0 0 0 0 21787 0 0 0 DAVID A VINCE 250688 0 0 0 36051 0 154594 0 27930 0 469263 0 0 0 JEREMY R MILLER 150126 0 0 0 12856 0 51089 0 27403 0 241474 0 0 0 DAVID W BARTON 146113 0 0 0 11265 0 125923 0 29645 0 312946 0 0 0 KEVIN CROUSE SR 122969 0 0 0 10006 0 48353 0 28794 0 210122 0 0 0 JERRY APPLEGATE 125375 0 0 0 5786 0 24441 0 27236 0 182838 0 0 0 KEVIN KASTENSMIDT 122977 0 0 0 2605 0 15062 0 27258 0 167902 0 0 0 CHRISTOPHER WOODS 121255 0 0 0 2338 0 22056 0 27012 0 172661 0 0 0 Pt VI, Line 4 THE REMC AMENDED ITS BYLAWS IN APRIL 2020 TO ALLOW FOR THE CANCELLATION OF THE ANNUAL MEETING IN CASES OF EMERGENCY, AND IN OCTOBER 2020 TO ALLOW FOR THE DIRECTOR CANDIDATE NOMINATION PROCESS TO BE CONDUCTED ELECTRONICALLY. BOTH OF THESE AMENDMENTS WERE MADE IN THE BEST INTEREST OF PUBLIC SAFETY DUE TO THE COVID-19 HEALTH CRISIS. 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 OF $2,858,825 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 -$2,858,825 Pt XI INCREASE IN OTHER COMPREHENSIVE INCOME $4,375 Pt XII, Line 2c ENTIRE BOARD HAS OVERSIGHT OF AUDIT AND SELECTION OF INDEPENDENT AUDITORS.