2025-05-09T06:20:53-07:00 2024-12-31 990 2024-01-01 350230915 CLARK COUNTY REMC CLAR 8122463316 7810 STATE ROAD 60 SELLERSBURG IN 47172 JEREMY R MILLER ASSISTANT TREASURER 8122463316 2025-05-09 true 2024 2025-03-06 01:10:19Z JASON S CLEMMONS 7810 STATE ROAD 60 SELLERSBURG IN 47172 74556781 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 68902950 72050463 72809 69127 2655567 2428378 71631326 74547968 0 0 5449050 5908238 0 0 60640460 63498698 66089510 69406936 5541816 5141032 160246324 165310986 78016779 80769917 82229545 84541069 TO EFFICIENTLY DELIVER SAFE, RELIABLE ELECTRIC SERVICE TO OUR MEMBERS. false false 69406936 74547968 DISTRIBUTION OF ELECTRICITY TO RURAL CONSUMERS. 69406936 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 30 0 true 61 true false false false false false false false false false false false 73706269 1521675 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/DIRECTOR 5.66 X X 15573 0 0 JOHN R BIESEL VICE PRESIDENT/PRESIDENT 5.29 X X 17174 0 0 JEFFREY A MYERS SEC.-TREAS./VICE PRESIDENT 4.35 X X 14644 0 0 JOSEPH W BASHAM DIRECTOR/SECRETARY-TREASURER 5.38 X X 15554 0 0 STEVEN G DIETERLEN DIRECTOR 7.31 X 11378 0 0 JAMES GREGORY HOSTETTLER DIRECTOR 3.96 X 11363 0 0 MARK A HUBER DIRECTOR 4.80 X 15930 0 0 JASON CLEMMONS CHIEF EXECUTIVE OFFICER 50.00 X X 242029 0 136936 THERA DESMOND ADMIN. ASST./ASST. SECRETARY 40.00 X 100764 0 35422 JEREMY R MILLER MGR. OF FINANCE & ADMIN./ASST. TREASURER 50.00 X 193962 0 84522 NASH SUMMERS MGR. OF OPERATIONS & ENGINEERING 50.00 X 166691 0 62838 JERRY APPLEGATE WORKING FOREMAN 51.00 X 152980 0 51068 KEVIN KASTENSMIDT MGR. OF INFORMATION TECHNOLOGY 50.00 X 151052 0 59606 KEVIN CROUSE SR WORKING FOREMAN 48.00 X 146506 0 78532 WYATT BINKLEY JOURNEYMAN LINEMAN 51.00 X 143154 0 19144 1398754 0 528068 25 false true false ELECTRICOM LLC PO BOX 319 PAOLI IN 47454 CONSTRUCTION 2093379 TOWNSEND TREE SERVICE PO BOX 7015 MUNCIE IN 47308 RIGHT-OF-WAY MAINTENANCE 1498170 SALTSGAVER CONSTRUCTION CO 1805 CORYDON PIKE NEW ALBANY IN 47151 CONSTRUCTION 731821 D J WINDELL INC 3094 OLD HEINZ ROAD NE CORYDON IN 47112 STAKING/INSPECTION 293238 ON THE SPOT RESOURCES INC 5035 CHARLOTTE AVE EVANSVILLE IN 47720 LOCATING SERVICES 233772 7 SALES OF ELECTRICITY 221000 72050463 0 0 72050463 54856 0 54856 20556 6285 14271 14271 14271 0 0 7915 2528 5387 5387 PATRONAGE REVENUE 221000 1713129 1713129 0 0 POLE ATTACHMENT RENTALS 221000 320542 0 0 320542 MISCELLANEOUS NON-OPERATING 221000 389320 389320 0 0 2422991 74547968 74167183 0 380785 X 895251 0 0 0 5012987 0 0 0 75345 0 0 0 14345 0 0 0 162444 0 0 0 9913 0 0 0 234110 0 0 0 806336 0 0 0 220296 0 0 0 2633219 0 0 0 5435695 0 0 0 102138 0 0 0 PURCHASED POWER 48061275 0 0 0 OPERATING EXPENSES 1548322 0 0 0 MAINTENANCE EXPENSES 2701740 0 0 0 CUSTOMER ACCOUNT EXPENSES 715161 0 0 0 778359 0 0 0 69406936 0 0 0 1539423 1755968 8719168 8999244 865778 2053168 1376562 1134149 160972561 39794400 118093232 121178161 29652161 30190296 160246324 165310986 9225144 10559867 65349047 67216813 3442588 2993237 78016779 80769917 X 82229545 84541069 82229545 84541069 160246324 165310986 X 5141032 -2829508 X X false true X true false 2000 0 0 2000 2000 true INDIANA ELECTRIC COOPERATIVES STATE PAC 11805 N PENNSYLVANIA ST CARMEL IN 46032 351998087 2000 0 Pt I-A Line 1 THE REMC MAKES A DIRECT CONTRIBUTION TO THE INDIANA ELECTRIC COOPERATIVES STATE POLITICAL ACTION COMMITTEE. 0 430282 430282 5949658 4770228 1179430 154592621 35024172 119568449 121178161 PATRONAGE CAPITAL - HOOSIER ENERGY 25892847 C PATRONAGE CAPITAL - CFC 1745945 C CAPITAL TERM CERTIFICATES - CFC 997746 C MEMBER CAPITAL SECURITIES - CFC 500000 C PATRONAGE CAPITAL - FEDERATED 221760 C MEMBERSHIP - HOOSIER ENERGY 98332 C PATRONAGE CAPITAL - UNITED UTILITY SUPPLY 466053 C ALL OTHER INVESTMENTS 267613 C 30190296 CUSTOMER DEPOSITS 486649 CUSTOMER ADVANCES FOR CONSTRUCTION 2140416 POST RETIREMENT BENEFIT OTHER THAN PENSION 133443 ALL OTHER LIABILITIES 232729 2993237 X 74547968 74547968 74547968 69406936 69406936 69406936 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 ENTERPRISES 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 230150 0 0 0 11879 0 109595 0 27341 0 378965 0 0 0 JEREMY R MILLER 183596 0 0 0 10366 0 57395 0 27127 0 278484 0 0 0 NASH SUMMERS 147117 0 0 0 19574 0 35713 0 27125 0 229529 0 0 0 JERRY APPLEGATE 150226 0 0 0 2754 0 24174 0 26894 0 204048 0 0 0 KEVIN KASTENSMIDT 149798 0 0 0 1254 0 32634 0 26972 0 210658 0 0 0 KEVIN CROUSE SR 138584 0 0 0 7922 0 49525 0 29007 0 225038 0 0 0 WYATT BINKLEY 140802 0 0 0 2352 0 6506 0 12638 0 162298 0 0 0 Pt VI, Line 6 CONSUMERS OF THE REMCS 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 CORPORATIONS 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 $2,840,011 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 -$2,840,011 Pt XI INCREASE IN OTHER COMPREHENSIVE INCOME $10,503 Pt XII, Line 2c ENTIRE BOARD HAS OVERSIGHT OF AUDIT AND SELECTION OF INDEPENDENT AUDITORS.