2013-05-03T04:15:06-07:00 2012-12-31 ALAN ZUMSTEIN 1032 CHETFORD DRIVE LEXINGTON KY 40509 990 2012-01-01 610329022 Salt River Electric Cooperative SALT 5023483931 111 West Brashear Avenue Bardstown KY 40004 J Larry Hicks 2013-05-03 true Alan Zumstein P00641130 8592647147 X 2012 2016-02-25 16:41:14Z 105399789 false false X www.srelectric.com X 1936 KY Distribution sales of electricity on a patronage basis to an average of approximately 47,000 consumers monthly. 6 6 81 125804 146193 0 98006803 98559857 568592 492531 6718285 6326165 105293680 105378553 0 7701215 7331885 7497047 7287444 0 0 90095418 90759224 105293680 105378553 0 129787377 134686470 62734743 61684821 67052634 73001649 Distribution sales of electricity on a patronage basis to an average of approximately 47,000 consumers monthly. false false 98046668 Provide distribution sales of electricity to an average of approximately 47,000 consumers monthly on a patronage basis. 98046668 false false false false false false false false false false true false false true false 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 false false true false false false false true 25 0 true 81 true true false false false false false false false 98559857 1739172 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 111 West Brashear Ave Bardstown KY 40004 Linda West 5.00 0.00 X X 18514 0 0 Albert Cahoe 8.00 0.00 X X 19625 0 0 Gayle Troutman 5.00 0.00 X X 21379 0 0 Darrell Tingle 5.00 0.00 X 17750 0 0 Garry Mann 5.00 0.00 X 11350 0 0 Jimmie Longmire 5.00 0.00 X X 17625 0 0 J Edward Boone 40.00 0.00 X 110181 0 28496 Tim Sharp 40.00 0.00 X 136306 0 31106 J Larry Hicks 40.00 0.00 X 253619 0 52462 Gary Pile 40.00 0.00 X 115247 0 28531 Randy Burba 40.00 0.00 X 110102 0 28448 Nicky Rapier 40.00 0.00 X 110792 0 22511 Tim French 40.00 0.00 X 97964 0 21842 Donald Crigler 40.00 0.00 X 96452 0 21912 Darwin Thomas 0.00 0.00 X 5292 0 0 Robert Yates 0.00 0.00 X 3348 0 0 Joseph Tichenor 0.00 0.00 X 1674 0 0 1147220 235308 6 true true false 0 0 Electric service 221000 98458764 98458764 Electric merchandise 221000 101093 101093 98559857 492531 492531 0 0 16900 21236 -4336 -4336 -4336 0 0 0 0 Pat capital credits 221000 371446 371446 Joint use pole rentals 221000 603194 603194 G&T capital credits 221000 5079524 5079524 276337 125804 150533 6330501 105378553 98559857 125804 6692892 0 0 0 7331885 7331885 616663 616663 0 3592962 3592962 1592508 1592508 1109790 1109790 375521 375521 0 13703 13703 10600 10600 0 0 0 0 0 0 0 0 0 0 0 61402 61402 2744888 2744888 0 5337819 5337819 308999 308999 Distribution - maintenance 2350803 2350803 Distribution - operations 2739704 2739704 Administrative and general 2903776 2903776 Cost of power 79316414 79316414 -5028884 -5028884 105378553 105378553 0 0 1661673 1908739 5564096 5255250 0 11058702 11401365 0 0 3954144 3786237 784074 727198 237558 226768 134321429 59682664 74934592 74638765 0 0 0 0 31592538 36742148 129787377 134686470 8006548 8640461 54723242 53452534 4953 -408174 62734743 61684821 X 1832765 1900790 3398972 3579499 61820897 67521360 67052634 73001649 129787377 134686470 X 0 5949015 X false true X true true true 134321429 59682664 74638765 74638765 Subidiary company 439994 Rounding 2 Regulatory asset 648209 Non operating property 141989 Capital term certificates 855620 Associated organizations 34656334 36742148 Other comprehensive income -5768131 Consumer deposits 2384724 Consumer advances for construction 366974 Accumulated postretirement benefits 1597112 Accrued expenses 1011147 -408174 105378553 105378553 105378553 105378553 105378553 105378553 X X X X false false false Tim Sharp 136306 31106 167412 Robert Yates 3348 3348 Joseph Tichenor 1674 1674 J Larry Hicks 253619 17000 35462 306081 Darwin Thomas 5292 5292 Lock 7 Hydro Partners Director Director West as director false Town & Country Bank CEO is Director Some banking functions false Lock 7 Hydro Partners CFO is Sec/Treasurer Keep financial records. false Lock 7 Hydro Partners CEO is a Board member Keep financial records. false 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. Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Decreases Refunds of capital credits = -$1631422 Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Increases Other equities = $180527 Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Increases Memberships issued = $68025 Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Increases Margins allocated to members = $7331885 Form 990, Part VI, Line 19 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. Form 990, Part VI, Line 15b 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 12c 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 11b 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 7b 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 7a 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 6 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. Lock 7 Hydro Partners LLC PO Box 609 Bardstown KY 40004 421671910 Hydro elect KY N/A 258901 394514 false true 0.50000 false false false false false false false false false false false false false false false false false false false