2012-04-24T13:19:54-07:00 2011-12-31 ALAN ZUMSTEIN 1032 CHETFORD DRIVE LEXINGTON KY 40509 990 2011-01-01 610329022 Salt River Electric Cooperative SALT 5023483931 111 West Brashear Aveneue Bardstown KY 40004 J Larry Hicks 2012-04-24 true Alan Zumstein 8592647147 X 2011 2016-02-24 21:20:13Z 105314902 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 79 341302 228212 0 94534332 98006803 467870 568592 4169462 6718285 99171664 105293680 0 7701215 6909093 7497047 0 0 85685529 90095418 92594622 105293680 6577042 0 127494970 129787377 66736324 62734743 60758646 67052634 Distribution sales of electricity on a patronage basis to an average of approximately 47,000 consumers monthly. false false 105293680 Provide distribution sales of electricity to an average of approximately 47,000 consumers monthly on a patronage basis. 105293680 false false false false false false false false false false true false false true 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 false false true false false false false true 22 0 true 79 true true true false false false false false false false false false 98006803 1740338 false false false false X 6 6 false false false false true true true true true false false false true true true true false true true true false false X J Edward Boone VP Finance 5023483931 111 West Brashear Ave Bardstown KY 40004 Tim Sharp 0.00 X 124955 0 29847 Thomas Sims 48.00 X 104169 0 17216 Robert Yates 0.00 X 3348 0 0 Randy Burba 40.00 X 110198 0 28180 Nick Rapier 40.00 X 109799 0 22171 Linda West 5.00 X 18944 0 0 Joseph Tichenor 0.00 X 1674 0 0 Jimmie Longmire 7.00 X X 18460 0 0 J Larry Hicks 0.00 X 243244 0 34171 J Edward Boone 0.00 X 110840 0 28195 Gayle Troutman 5.00 X X 22860 0 0 Gary Pile 40.00 X 116240 0 28371 Donald Black 40.00 X 113582 0 11443 Darwin Thomas 5.00 X X 18260 0 0 Darrell Tingle 5.00 X X 19000 0 0 Albert Cahoe 8.00 X 18460 0 0 1154033 199594 8 true true false 0 0 Electric service 221000 97922740 97922740 Electric merchandise 221000 84063 84063 98006803 568592 568592 0 0 11339 21222 -9883 -9883 -9883 0 0 0 0 Pat capital credits 247650 247650 Joint use pole rentals 592677 592677 G&T capital credits 5546539 5546539 341302 341302 6728168 105293680 98006803 341302 6945575 0 0 0 7701215 7701215 121005 121005 0 4205375 4205375 1695598 1695598 1140651 1140651 334418 334418 0 19662 19662 12800 12800 0 0 0 0 0 0 0 0 0 0 0 44541 44541 2906520 2906520 0 5174860 5174860 308118 308118 Distribution - operations 2562532 2562532 Distribution - maintenance 2752489 2752489 Customer operations 2068048 2068048 Cost of power 78451169 78451169 Administrative and general 2977154 2977154 -7182475 -3791279 105293680 108684876 0 0 1305885 1661673 9976300 5564096 0 10888873 11058702 0 0 3469320 3954144 637207 784074 274758 237558 129984283 55049691 75733762 74934592 0 0 0 0 25208865 31592538 127494970 129787377 9326593 8006548 57136721 54723242 273010 4953 66736324 62734743 X 1822220 1832765 3154229 3398972 55782197 61820897 60758646 67052634 127494970 129787377 X 0 6293988 X false true true X true true 129984283 55049691 74934592 74934592 Subidiary company 339461 Regulatory asset 699537 Non operating property 162919 Capital term certificates 884505 Associated organizations 29506116 31592538 Other comprehensive income -5151454 Consumer deposits 2076664 Consumer advances for construction 342382 Accumulated postretirement benefits 1447612 Accrued expenses 1289749 4953 105293680 105293680 6293988 6293988 6293988 105293680 105293680 105293680 105293680 105293680 105293680 Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances Other equities $453539 Patronage capital allocated to members $7701215 Refund capital credits $ -1605478 Decrease in memberships $ -10545 Other equities $ -244743 X X X X false false false Tim Sharp 124955 29847 154802 Robert Yates 3348 3348 Joseph Tichenor 1674 1674 J Larry Hicks 243244 34171 277415 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. The Cooperative applied this reporting in 2011, but not in 2010, since the instructions for 2010 did not specify this type of reporting. 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 11 Form 990, Part VI, Line 11: 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 Unrelated 219416 295877 false true 0.50000 false false false false false false false false false false false false false false false false false false