You're Invited...
RushShelby Energy Board of Directors, staff and employees would like to take the opportunity to invite you to this year's annual meeting. This year marks our 87th year of service to our membership. Successfully providing a service so many years, proves that a member cooperative business model is just as strong now as when we started in 1936. The principles that electric cooperatives were founded on still exist today and are used by our board of directors, management and employees.
Through our annual meeting, we wish to have an event allowing the cooperative to give back to the membership, while demonstrating our commitment to those members. We look forward to serving our youth, increasing our interactive educational opportunities, answering questions, welcoming comments, entertaining and seeing new faces.
Our employee group and our directors are looking forward to the opportunity to connect face-to-face with the members. This annual meeting "festival" event allows us to use, and proudly display, our working facilities, along with demonstrating our varied skill sets that serve you daily.
RushShelby Energy's annual meeting gives you, the member, another opportunity to have your voice in the cooperative, by sharing your thoughts. As your cooperative, we want to provide a comfortable environment where you can speak with us. To assist in these discussions, we will once again feature "Chat with the CEO," a booth where you can ask Chris Chastain, President & CEO, a question, make a comment or share a concern.
The annual meeting is one very important way we can demonstrate our commitment to you. This is the day we set aside for you to meet your elected board of directors, co-op employees and visit with fellow co-op members.
On behalf of the employees and directors of your organization, we are excited to see you at RushShelby Energy's annual meeting, which will be held Thursday, July 13, 2023, at our office in Manilla, Indiana.
2023 Board Candidates
This year we have an uncontested race for all three of our incumbent board members. These board members will go on to serve on the RushShelby Energy Board of Directors for the next three years. We encourage each of our members to vote for the incumbents and we thank you for your continued loyalty and support.
2 (USPS 171-360 Published Monthly) Contributors: Cathy Rhoades and David Toll Publication Office: 2777 S. 840 W. Manilla, IN 46150 Periodical Postage paid in Indianapolis, Indiana 46206 POSTMASTER: Send address changes to: ELECTRAWATT P.O. Box 55, Manilla, IN 46150 C O N T E N T S 2 Annual Meeting Invite 3 Operation RoundUp Scholarship Give Away Capital Credits 4-5 2023 Annual Meeting 6 Financial Report 7 Quick Links 8 Official Meeting Notice
District 1 - Keith Theobald District 4 -
District 7
Charles Smith
- Bruce Everhart
Operation RoundUp Luck
of the Draw
Operation RoundUp will be awarding two $1,000 scholarships at the end of the 2023 Annual Meeting. Luck of the Draw will award scholarships to qualifying students.
Qualifications:
• Applicant must be an active RSE member or a dependent or legal ward of an active RSE member.
• Applicant must be a student enrolled or planning to enroll in a full-time undergraduate course of study at an accredited two or four-year college, university or vocational-technical school for the upcoming fall term.
• Graduating high school seniors and students up to 26 years old may enter to win.
• RSE employees, directors and ORU Trustees families are not eligible to enter.
• Winners of the RSE Scholarships awarded in May are not eligible to participate.
To enter the drawing complete the application on this page or download a copy from our website. Bring this application and supporting documents to the 2023 Annual Meeting and visit the Operation RoundUp booth to be entered to win. Applications will be accepted until 7 p.m. Winners will be drawn at 7:15 p.m. before the Grand Prize Drawing. Must be present to win.
The check is in the mail!
The general retirement checks to be mailed on June 28th make up 1986 and a portion of 1987 and 2022. This year the RushShelby Energy Board of Directors approved a general retirement of the most current year and 100% of the oldest year on record. The patronage paid for the years 1987 and 2022 represents a portion of the allocation on file for each member; we will retire the remaining amount in the future. If your patronage refund is under $75.00 it will be applied directly to your account and appear on your statement.
When you signed up for electrical service from RushShelby Energy you not only became a member, but an owner of the electric cooperative. Members who have been on our lines for many years and those who have recently moved onto RSE's electric lines will see the value of being cooperative members.
A P P L I C A N T I N F O R M A T I O N S C H O O L I N F O R M A T I O N Name: School Attending: LUCK OF THE DRAW $1,000 SCHOLARSHIP Application Form Applicant Name Full Address Student ID # E-Mail Name of School Bursar Office Address Zip Code City / Country : : : : : : : : Applicants Signature Phone # : Parents Names: RSE Account # Parent/Guardian Name(s), if Member Dependent: Applicant must be an active RushShelby Energy member or a dependent or legal ward of an active RSE member Applicant must be a student who is enrolled or planning to enroll in a full-time undergraduate course of study at an accredited two or four-year college university or vocational-technical school for the upcoming fall term The applicant must submit this form at the annual meeting with proof of enrollment and be present to win Applications are also available on our website Winners of the RushShelby Energy Scholarship awarded in May are not eligible to participate Employees and dependents of RushShelby Energy RSE Board of Directors and Operation RoundUp Trustees are not eligible to participate Graduating high school seniors to students up to 26 years old may enter to win
Annual Meeting
We are looking forward to this summer's annual meeting, where we will celebrate you, our members, with an evening of food, prizes and entertainment! This year's annual meeting will be Thursday, July 13th, at our headquarters from 4 - 7:30 pm.
This year's event is sure to please all ages with our entertainment lineup. We are featuring the bluegrass band Moon Cave Ramblers, two high voltage safety demonstrations and bucket truck rides. To keep the children entertained, we will have an inflatable obstacle course, two performances from Silly Safaris and face painting and balloon animals with Funnie and Friends.
As in years past, we will have several booths for you to enjoy. You will be able to learn about Wi-Power, Grassroots, Tools of the Trade, Operation RoundUp and more. Chris Chastain, President and CEO, will address questions and concerns you may have from 5-6 pm in the "Ask the CEO" booth.
3:30 - Off-Site Parking at Manilla Volunteer Fire Department
3:45 - Shuttle Bus Service from Parking to RSE Begins
4:00 - Doors Open, Begin Serving Food, Moon Cave Ramblers
4:15 - Bucket Truck Rides & Kids
Activities Begin
4:30 & 5:30 - Silly Safaris Shows
5:00 - 6:00 - CEO Booth Open
6:30 - Voting Closes
7:15 - Operation RoundUp
Scholarship Drawing Grand Prize Drawing
One LUCKY member will win $2,500.00 in cash!
2023
Agenda
Grand Prize
Parking
Parking for the 2023 annual meeting will be located at the Manilla Volunteer Fire Department, west of RushShelby Energy. Please watch for signs along State Road 44. The State Road 44 entrance to the fire department will be blocked. You will turn north on Main Street in Manilla (the street located between the post office and the On the Way MiniMart). One block north you will be directed into the fire department parking area. Shuttle buses will run continuously from 3:45 pm until everyone has returned to their vehicles after the meeting. Members bringing someone with disabilities to the meeting may drop them off at the RSE facility, where employees will be able to assist. If changes need to be made, signs will be placed along State Road 44 to direct you toward additional parking.
Entertainment
Voting
All members should have received a voting packet in the mail. This packet includes your registration card for the annual meeting. Board of Director candidate biographies and your ballot for the 2023 RushShelby Energy Board of Director Election. Please bring your registration card if you are attending the annual meeting. To vote, you have many options. You can complete the paper ballot from your packet and mail it in using the included envelope. Online voting is available by logging into your SmartHub account or mobile device. You may also choose to vote at the annual meeting. If you have any questions concerning the voting process, please call RushShelby Energy and ask to speak with the Member Services Department.
For the Kids
The Moon Cave Ramblers are a bluegrass band from Rush County. All are members of RushShelby Energy except for Joe. Band members are -
Monty McMahan - Banjo/Guitar
Brenda McMahan - Stand Up Bass
Walter McMahan - Fiddle
Mike Hallgarth - Banjo
Joe Land - Mandolin
ASSETS Net Utility Plant 69,538,095 Other Property & Investments 27,430,335 Deferred Debits 503,467 Cash 2,823,326 Accounts Receivable 4,866,640 Materials & Supplies 1,572,218 Prepaid Expenses & Other 226,934 $106,961,014 EQUITIES & LIABILITIES Memberships 73,252 Patronage Capital 43,592,045 Other Equities 5,711,045 Long Term Debt 53,260,722 Current Liabilities 4,228,380 Deferred Credits 95,571 $106,961,014
OPERATING REVENUE $50,392,914 OPERATING EXPENSES Purchased Power 34,221,015 Operations & Maintenance 5,296,893 Customer, Administrative & General 3,998,212 Depreciation 3,504,528 Taxes 582,154 Interest 1,903,641 Operating Margin $886,471 NON-OPERATING INCOME Interest Income 173,601 Gain (loss) Disposal of Assets (115,026) G.T. Patronage Allocations 1,031,033 Assoc. Organization Patronage Allocations 159,350 Total Margins $2,135,429 INCOME STATEMENT Kilowatt Hours Sold Number of Meters Number of Consumers per Mile Equity Capital Credits Retired 2021 System Availablility Service Miles Driven New Services Miles of Cut & Trimmed Right-of-Way “In our opinion, the financial statements referred to above present fairly, in all material respect, the financial position of RushShelby Energy R.E.C. & Subsidiaries as of December 31, 2022 in accordance with account principles generally accepted in the USA.” London Witte Group, LLC - March 30, 2023 Expenses AS PERCENTAGE OF TOTAL EXPENSE 437,570,296 14,922 7.04 46% $884,272 99.90% 394,230 164 206 Miles Taxes Interest Depreciation Customer, Administrative, & General Operations & Maintenance Purchased Power For Every $1.00 Revenue 2022 FACTS & FIGURES 2022 - 1% - 4% - 7% - 8% - 11% - 69%
BALANCE SHEET
Quick Links
Congratulations
Rita!
Rita Adams was named May Employee of the Month. Rita was recognized for her positive attitude and hard work ethic. Rita always puts the members first, is always willing to help and very dependable.
July Festivals
July 1
Waldron Will Freedom Festival
-Waldron
July 3
Franklin Firecracker Festival
-Franklin
July 8
Summerfest
RSE recently awarded two $1,000 scholarships to Isabella Wilson, Rushville Consolidated High School and Madison Brown, Triton Central High School.
Isabella will be attending Butler in the fall majoring in pre-pharmacy and Madison will be attending Indiana University to pursure a degree in biology.
RushShelby Energy hired two summer interns. Hunter Norris and John Carter Tague both attend Ball State University.
RSE Board of Director Bruce Everhart and RSE Vice President of Administration and Member Engagement David Toll were selected to represent Shelby County and the City of Shelbyville, respectively, on the newly formed Regional Development Authority (RDA). The counties of Decatur, Rush, Shelby and the City of Batesville formed a region to apply for READI dollars offered by the state. The area was awarded $20 million. The RDA was created to be the fiscal agent of the $20 million and the group that pursues READI 2.0 dollars for the region.
-Fortville
July 14-15
Oldenburg Freudenfest
-Oldenburg
July 22
Music On Depot -New Palestine
July 28-30
Indiana Black Expo
-Anderson
July 29
Pennsy Trail Art Fair & Music Festival
-Greenfield
2023 Indiana Festival Guides are available in our lobby!
7
Dear Member of RushShelby Energy:
You are hereby notified that the annual meeting of the members of RushShelby Energy Rural Electric Cooperative, Incorporated, will be held at RushShelby Energy, 2777 South 840 West, Manilla, Indiana, on Thursday, July 13, 2023.
The registration period shall begin when the doors open at 4 PM, EDST.
You are hereby advised that there are three directors to be elected on July 13, 2023. The term of each director shall be in accordance with RushShelby Energy bylaws. Districts open for election are 1, 4 and 7. Candidates submitting petitions to appear on the ballot are:
District 1 - Keith Theobald
District 4 - Charles Smith
District 7 - Bruce Everhart
All members in good standing on the date of the meeting shall be entitled to vote for the district candidates.
Cooperatively yours,
Jill Koch Secretary, Board of DirectorsPERIODICAL POSTAGE PAID