2018-04-13T18:03:18-07:00 2017-12-31 351877201 ALAN ZUMSTEIN 1032 CHETFORD DRIVE LEXINGTON KY 40509 990 2017-01-01 610329022 Salt River Electric Cooperative SALT 5023483931 PO Box 609 Bardstown KY 40004 Timothy J Sharp President & CEO 2018-04-13 true Alan Zumstein P00641130 8592647147 X 2017 2022-09-23 18:48:47Z 104296183 false false X www.srelectric.com X 1936 KY Distribution sales of electricity on a patronage basis to an average of approximately 50,900 consumers monthly. 6 6 79 131412 189117 0 101798572 99860371 756742 847181 9833621 3588631 112388935 104296183 0 11999063 5284080 8591368 8553359 0 0 91798504 90458744 112388935 104296183 0 176192548 177492279 78078219 75587422 98114329 101904857 Distribution sales of electricity on a patronage basis to an average of approximately 50,900 consumers monthly. false false 99012103 Provide distribution sales of electricity to an average of approximately 50,900 consumers monthly on a patronage basis. 99012103 false false false false false false false false false true false true false true false 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 false false true 24 0 true 79 true true true false false false false false false false 99860371 2153830 false false false X 6 6 false false false false true true true true true false false true true true true false true true true false X J Edward Boone VP Finance 5023483931 PO Box 609 Bardstown KY 40004 Jimmie Longmire Chairman 8.00 0.00 X X 18627 0 0 Garry Mann Director 8.00 0.00 X 17700 0 0 Darrell Tingle Director 5.00 0.00 X 17600 0 0 Gayle Troutman Treasurer 5.00 0.00 X X 21600 0 0 Albert Cahoe Vice Chairman 8.00 0.00 X X 20027 0 0 Linda West Secretary 5.00 0.00 X X 18527 0 0 Tim Sharp President & CEO 40.00 0.00 X 222155 0 40864 J Edward Boone VP Finance & CFO 40.00 0.00 X 130923 0 31691 Nicky Rapier VP, Business Dev 40.00 0.00 X 132618 0 25543 Brad Clements Lineman 40.00 0.00 X 114900 0 24620 Wesley Collins Engineer 40.00 0.00 X 114555 0 30131 James Thornsberry Lineman 40.00 0.00 X 111154 0 11928 Isaac Tucker Lineman 40.00 0.00 X 110870 0 19018 1051256 183795 11 false true false 0 0 Electric merchandise 221000 213757 213757 Electric service 221000 99646614 99646614 99860371 847181 847181 0 0 0 0 0 0 0 Capital credits allocated 221000 302546 302546 G&T capital credits 221000 2281982 2281982 Joint use pole rentals 221000 649528 649528 354575 131412 223163 3588631 104296183 99860371 131412 4304400 0 0 0 5284080 5284080 463685 463685 0 4199759 4199759 2206569 2206569 1254110 1254110 429236 429236 0 29800 29800 12350 12350 0 0 0 0 0 0 0 0 0 0 0 68226 68226 2355694 2355694 0 6198883 6198883 0 Cost of power 79252908 79252908 Administrative and general 3403016 3403016 Distribution - maintenance 2780455 2780455 Distribution - operations 2626464 2626464 -6269052 -6269052 104296183 104296183 0 0 1250781 2024146 28092853 25218287 0 10476557 11464464 0 0 619508 19934 900675 833706 137230 192807 155050644 82914614 73334022 72136030 0 0 59125503 61463413 0 2255419 4139492 176192548 177492279 8952855 9392700 64045725 60543931 5079639 5650791 78078219 75587422 X 2177965 2248440 -5584369 -4859912 101520733 104516329 98114329 101904857 176192548 177492279 X 0 3790528 X false true X true true true 155050644 82914614 72136030 72136030 61463413 Accrued expenses 1560572 Accumulated postretirement benefits 894416 Consumer advances for construction 422661 Consumer deposits 2773142 5650791 104296183 104296183 104296183 104296183 104296183 104296183 X X X X false false false J Edward Boone VP Finance & CFO 130923 31691 162614 Nicky Rapier VP, Business Dev 132618 25543 158161 Tim Sharp President & CEO 222155 40864 263019 Lock 7 Hydro Partners CEO is a Board member Keep financial records. false Lock 7 Hydro Partners CFO is Sec/Treasurer Keep financial records. false Lock 7 Hydro Partners Director Director West as director false Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Must be a member to receive electric service. Each members has 1 vote. May have more than 1 service per membership. Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body Nominating committee meets every year there is an election to select member to run for director. Member may run for director with petition signed by 100 or more eligible members. Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders The By-Laws may be amended by a majority vote of the Board of Directors at any regular or special meeting. Form 990, Part VI, Line 11b: Form 990 Review Process Directors are furnished a draft copy of the 990 prior to filing. May make inquiries of information contained in the filing. Additionally, if requested, directors meet with the independent auditor in a closed session and are able to ask question at that time. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Salt River has a Board Policy addressing conflicts of interest. This is reviewed on an annual basis. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees 15.a and b. The Board receives data from both local and national surveys. The Board uses this data, along with a performance review, to set compensation. The Board has used, and occassionally does, use an independent Human Resource Consulting firm to review the compensation and process. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available ByLaws are given to each member. Each year financial statemenets are given to members and an annual meeting of members is held. Other Changes In Net Assets Or Fund Balances - Other Increases Accumulated comprehensive income = $724457 Other Changes In Net Assets Or Fund Balances - Other Increases Margins allocated to members = $5284080 Other Changes In Net Assets Or Fund Balances - Other Increases Memberships issued = $70475 Other Changes In Net Assets Or Fund Balances - Other Increases Other equities = $329970 Other Changes In Net Assets Or Fund Balances - Other Decreases Refunds of capital credits = -$2618454 Form 990, Part IX, Line 4 - Benefits paid to or for members Represents patronage capital credits allocated to members in accordance with the bylaws of the Cooperative. This reporting results in a difference between book income and income reported on the Form 990 by the same amount. Lock 7 Hydro Partners LLC PO Box 609 Bardstown KY 40004 421671910 Hydro elect KY N/A false true 0.50000 false false false false false false false false false false false false false false false false false false false