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        <BusinessCd>221000</BusinessCd>
        <TotalRevenueColumnAmt>302214</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>302214</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <TotalProgramServiceRevenueAmt>75690034</TotalProgramServiceRevenueAmt>
      <InvestmentIncomeGrp>
        <TotalRevenueColumnAmt>643923</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>643923</RelatedOrExemptFuncIncomeAmt>
      </InvestmentIncomeGrp>
      <GrossRentsGrp>
        <PersonalAmt>189497</PersonalAmt>
      </GrossRentsGrp>
      <RentalIncomeOrLossGrp>
        <PersonalAmt>189497</PersonalAmt>
      </RentalIncomeOrLossGrp>
      <NetRentalIncomeOrLossGrp>
        <TotalRevenueColumnAmt>189497</TotalRevenueColumnAmt>
      </NetRentalIncomeOrLossGrp>
      <GrossAmountSalesAssetsGrp>
        <OtherAmt>30301</OtherAmt>
      </GrossAmountSalesAssetsGrp>
      <LessCostOthBasisSalesExpnssGrp>
        <OtherAmt>13021</OtherAmt>
      </LessCostOthBasisSalesExpnssGrp>
      <GainOrLossGrp>
        <OtherAmt>17280</OtherAmt>
      </GainOrLossGrp>
      <NetGainOrLossInvestmentsGrp>
        <TotalRevenueColumnAmt>17280</TotalRevenueColumnAmt>
      </NetGainOrLossInvestmentsGrp>
      <NetIncmFromFundraisingEvtGrp>
        <TotalRevenueColumnAmt>0</TotalRevenueColumnAmt>
      </NetIncmFromFundraisingEvtGrp>
      <GrossSalesOfInventoryAmt>153118</GrossSalesOfInventoryAmt>
      <CostOfGoodsSoldAmt>154165</CostOfGoodsSoldAmt>
      <NetIncomeOrLossGrp>
        <TotalRevenueColumnAmt>-1047</TotalRevenueColumnAmt>
      </NetIncomeOrLossGrp>
      <OtherRevenueMiscGrp>
        <Desc>Patronage capital</Desc>
        <BusinessCd>900001</BusinessCd>
        <TotalRevenueColumnAmt>159046</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>159046</RelatedOrExemptFuncIncomeAmt>
      </OtherRevenueMiscGrp>
      <OtherRevenueMiscGrp>
        <Desc>Patronage capital assoc</Desc>
        <BusinessCd>900001</BusinessCd>
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        <RelatedOrExemptFuncIncomeAmt>199574</RelatedOrExemptFuncIncomeAmt>
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        <RelatedOrExemptFuncIncomeAmt>324970</RelatedOrExemptFuncIncomeAmt>
      </MiscellaneousRevenueGrp>
      <OtherRevenueTotalAmt>683590</OtherRevenueTotalAmt>
      <TotalRevenueGrp>
        <TotalRevenueColumnAmt>77223277</TotalRevenueColumnAmt>
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        <UnrelatedBusinessRevenueAmt>0</UnrelatedBusinessRevenueAmt>
        <ExclusionAmt>0</ExclusionAmt>
      </TotalRevenueGrp>
      <CompCurrentOfcrDirectorsGrp>
        <TotalAmt>801233</TotalAmt>
      </CompCurrentOfcrDirectorsGrp>
      <OtherSalariesAndWagesGrp>
        <TotalAmt>4796777</TotalAmt>
      </OtherSalariesAndWagesGrp>
      <PensionPlanContributionsGrp>
        <TotalAmt>754104</TotalAmt>
      </PensionPlanContributionsGrp>
      <OtherEmployeeBenefitsGrp>
        <TotalAmt>388704</TotalAmt>
      </OtherEmployeeBenefitsGrp>
      <PayrollTaxesGrp>
        <TotalAmt>488603</TotalAmt>
      </PayrollTaxesGrp>
      <FeesForServicesLegalGrp>
        <TotalAmt>189725</TotalAmt>
      </FeesForServicesLegalGrp>
      <FeesForServicesAccountingGrp>
        <TotalAmt>19940</TotalAmt>
      </FeesForServicesAccountingGrp>
      <FeesForServicesLobbyingGrp>
        <TotalAmt>8433</TotalAmt>
      </FeesForServicesLobbyingGrp>
      <AdvertisingGrp>
        <TotalAmt>266947</TotalAmt>
      </AdvertisingGrp>
      <OfficeExpensesGrp>
        <TotalAmt>69135</TotalAmt>
      </OfficeExpensesGrp>
      <InformationTechnologyGrp>
        <TotalAmt>478691</TotalAmt>
      </InformationTechnologyGrp>
      <OccupancyGrp>
        <TotalAmt>310221</TotalAmt>
      </OccupancyGrp>
      <TravelGrp>
        <TotalAmt>85767</TotalAmt>
      </TravelGrp>
      <ConferencesMeetingsGrp>
        <TotalAmt>134589</TotalAmt>
      </ConferencesMeetingsGrp>
      <InterestGrp>
        <TotalAmt>5004634</TotalAmt>
      </InterestGrp>
      <PaymentsToAffiliatesGrp>
        <TotalAmt>234847</TotalAmt>
      </PaymentsToAffiliatesGrp>
      <DepreciationDepletionGrp>
        <TotalAmt>6012072</TotalAmt>
      </DepreciationDepletionGrp>
      <InsuranceGrp>
        <TotalAmt>71025</TotalAmt>
      </InsuranceGrp>
      <OtherExpensesGrp>
        <Desc>purchased power</Desc>
        <TotalAmt>49636317</TotalAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>line operation &amp; maint</Desc>
        <TotalAmt>4388162</TotalAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>taxes</Desc>
        <TotalAmt>548667</TotalAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>meter reading</Desc>
        <TotalAmt>30484</TotalAmt>
      </OtherExpensesGrp>
      <AllOtherExpensesGrp>
        <TotalAmt>300937</TotalAmt>
      </AllOtherExpensesGrp>
      <TotalFunctionalExpensesGrp>
        <TotalAmt>75020014</TotalAmt>
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        <ManagementAndGeneralAmt>0</ManagementAndGeneralAmt>
        <FundraisingAmt>0</FundraisingAmt>
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      <CashNonInterestBearingGrp>
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        <EOYAmt>10354</EOYAmt>
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      <SavingsAndTempCashInvstGrp>
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        <EOYAmt>18756573</EOYAmt>
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      <InventoriesForSaleOrUseGrp>
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      <PrepaidExpensesDefrdChargesGrp>
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      <LandBldgEquipCostOrOtherBssAmt>210114550</LandBldgEquipCostOrOtherBssAmt>
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        <EOYAmt>34606677</EOYAmt>
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      <MortgNotesPyblScrdInvstPropGrp>
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        <EOYAmt>104351909</EOYAmt>
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      <OtherLiabilitiesGrp>
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        <EOYAmt>4939035</EOYAmt>
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      <TotalLiabilitiesGrp>
        <BOYAmt>103643938</BOYAmt>
        <EOYAmt>143897621</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
      <RtnEarnEndowmentIncmOthFndsGrp>
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      <TotalNetAssetsFundBalanceGrp>
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        <EOYAmt>100099170</EOYAmt>
      </TotalNetAssetsFundBalanceGrp>
      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>202674247</BOYAmt>
        <EOYAmt>243996791</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <InfoInScheduleOPartXIInd>X</InfoInScheduleOPartXIInd>
      <ReconcilationRevenueExpnssAmt>2203263</ReconcilationRevenueExpnssAmt>
      <OtherChangesInNetAssetsAmt>-1134402</OtherChangesInNetAssetsAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <FSAuditedInd>true</FSAuditedInd>
      <FSAuditedBasisGrp>
        <ConsolAndSepBasisFinclStmtInd>X</ConsolAndSepBasisFinclStmtInd>
      </FSAuditedBasisGrp>
      <AuditCommitteeInd>true</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>false</FederalGrantAuditRequiredInd>
    </IRS990>
    <IRS990ScheduleC documentId="IRS990ScheduleC-191-Copy1">
      <PoliticalExpendituresAmt>8433</PoliticalExpendituresAmt>
      <Form1120POLFiledInd>true</Form1120POLFiledInd>
      <Section527PoliticalOrgGrp>
        <OrganizationBusinessName>
          <BusinessNameLine1Txt>Indiana Electric Cooperati</BusinessNameLine1Txt>
        </OrganizationBusinessName>
        <USAddress>
          <AddressLine1Txt>11805 Pennsylvania St</AddressLine1Txt>
          <CityNm>Carmel</CityNm>
          <StateAbbreviationCd>IN</StateAbbreviationCd>
          <ZIPCd>46032</ZIPCd>
        </USAddress>
        <PaidInternalFundsAmt>6433</PaidInternalFundsAmt>
      </Section527PoliticalOrgGrp>
      <Section527PoliticalOrgGrp>
        <OrganizationBusinessName>
          <BusinessNameLine1Txt>Indiana Fore</BusinessNameLine1Txt>
        </OrganizationBusinessName>
        <USAddress>
          <AddressLine1Txt>11805 Pennsylvania St</AddressLine1Txt>
          <CityNm>Carmel</CityNm>
          <StateAbbreviationCd>IN</StateAbbreviationCd>
          <ZIPCd>46032</ZIPCd>
        </USAddress>
        <PaidInternalFundsAmt>2000</PaidInternalFundsAmt>
      </Section527PoliticalOrgGrp>
    </IRS990ScheduleC>
    <IRS990ScheduleD documentId="IRS990ScheduleD-193-Copy1">
      <LandGrp>
        <InvestmentCostOrOtherBasisAmt>497724</InvestmentCostOrOtherBasisAmt>
        <BookValueAmt>497724</BookValueAmt>
      </LandGrp>
      <EquipmentGrp>
        <InvestmentCostOrOtherBasisAmt>207706226</InvestmentCostOrOtherBasisAmt>
        <DepreciationAmt>39910245</DepreciationAmt>
        <BookValueAmt>167795981</BookValueAmt>
      </EquipmentGrp>
      <OtherLandBuildingsGrp>
        <InvestmentCostOrOtherBasisAmt>1910600</InvestmentCostOrOtherBasisAmt>
        <BookValueAmt>1910600</BookValueAmt>
      </OtherLandBuildingsGrp>
      <TotalBookValueLandBuildingsAmt>170204305</TotalBookValueLandBuildingsAmt>
      <InvstProgramRelatedOrgGrp>
        <Desc>patronage cap Hoosier</Desc>
        <BookValueAmt>24677614</BookValueAmt>
        <MethodValuationCd>F</MethodValuationCd>
      </InvstProgramRelatedOrgGrp>
      <InvstProgramRelatedOrgGrp>
        <Desc>patronage cap NRUCFC</Desc>
        <BookValueAmt>1067657</BookValueAmt>
        <MethodValuationCd>F</MethodValuationCd>
      </InvstProgramRelatedOrgGrp>
      <InvstProgramRelatedOrgGrp>
        <Desc>capital term certificate</Desc>
        <BookValueAmt>455818</BookValueAmt>
        <MethodValuationCd>F</MethodValuationCd>
      </InvstProgramRelatedOrgGrp>
      <InvstProgramRelatedOrgGrp>
        <Desc>inv Bank for Cooperative</Desc>
        <BookValueAmt>6655</BookValueAmt>
        <MethodValuationCd>F</MethodValuationCd>
      </InvstProgramRelatedOrgGrp>
      <InvstProgramRelatedOrgGrp>
        <Desc>inv Indiana Electric Coo</Desc>
        <BookValueAmt>115611</BookValueAmt>
        <MethodValuationCd>F</MethodValuationCd>
      </InvstProgramRelatedOrgGrp>
      <InvstProgramRelatedOrgGrp>
        <Desc>inv NISC</Desc>
        <BookValueAmt>232857</BookValueAmt>
        <MethodValuationCd>F</MethodValuationCd>
      </InvstProgramRelatedOrgGrp>
      <InvstProgramRelatedOrgGrp>
        <Desc>inv assoc organizations</Desc>
        <BookValueAmt>2806</BookValueAmt>
        <MethodValuationCd>F</MethodValuationCd>
      </InvstProgramRelatedOrgGrp>
      <InvstProgramRelatedOrgGrp>
        <Desc>inv in subsidiaries</Desc>
        <BookValueAmt>2574565</BookValueAmt>
        <MethodValuationCd>F</MethodValuationCd>
      </InvstProgramRelatedOrgGrp>
      <TotalBookValueProgramRltdAmt>29133583</TotalBookValueProgramRltdAmt>
      <OtherLiabilitiesOrgGrp>
        <Desc>accum. provision pension</Desc>
        <Amt>2913874</Amt>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>obligation capital leases</Desc>
        <Amt>664566</Amt>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>construction advances</Desc>
        <Amt>310595</Amt>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>regulatory liability</Desc>
        <Amt>1050000</Amt>
      </OtherLiabilitiesOrgGrp>
      <TotalLiabilityAmt>4939035</TotalLiabilityAmt>
      <TotalRevEtcAuditedFinclStmtAmt>77223277</TotalRevEtcAuditedFinclStmtAmt>
      <RevenueSubtotalAmt>77223277</RevenueSubtotalAmt>
      <TotalRevenuePerForm990Amt>77223277</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>75020014</TotExpnsEtcAuditedFinclStmtAmt>
      <ExpensesSubtotalAmt>75020014</ExpensesSubtotalAmt>
      <TotalExpensesPerForm990Amt>75020014</TotalExpensesPerForm990Amt>
    </IRS990ScheduleD>
    <IRS990ScheduleJ documentId="IRS990ScheduleJ-206-Copy1">
      <CompensationCommitteeInd>X</CompensationCommitteeInd>
      <SeverancePaymentInd>false</SeverancePaymentInd>
      <SupplementalNonqualRtrPlanInd>false</SupplementalNonqualRtrPlanInd>
      <EquityBasedCompArrngmInd>false</EquityBasedCompArrngmInd>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>JOHN STURM</PersonNm>
        <TitleTxt>CEO</TitleTxt>
        <BaseCompensationFilingOrgAmt>372255</BaseCompensationFilingOrgAmt>
        <BonusFilingOrganizationAmount>50000</BonusFilingOrganizationAmount>
        <OtherCompensationFilingOrgAmt>600</OtherCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>84961</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>28635</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>536451</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>TERRY MILLER</PersonNm>
        <TitleTxt>VP of Finance</TitleTxt>
        <BaseCompensationFilingOrgAmt>192811</BaseCompensationFilingOrgAmt>
        <BonusFilingOrganizationAmount>3000</BonusFilingOrganizationAmount>
        <OtherCompensationFilingOrgAmt>15542</OtherCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>95280</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>27396</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>334029</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>KEVIN SHELLEY</PersonNm>
        <TitleTxt>VP of Engineering</TitleTxt>
        <BaseCompensationFilingOrgAmt>180476</BaseCompensationFilingOrgAmt>
        <OtherCompensationFilingOrgAmt>7667</OtherCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>51875</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>27279</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>267297</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>NICK STAINBROOK</PersonNm>
        <TitleTxt>VP of Operations</TitleTxt>
        <BaseCompensationFilingOrgAmt>160807</BaseCompensationFilingOrgAmt>
        <OtherCompensationFilingOrgAmt>10571</OtherCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>50981</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>27014</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>249373</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>SHAWN FRYE</PersonNm>
        <TitleTxt>VP of Technology</TitleTxt>
        <BaseCompensationFilingOrgAmt>150409</BaseCompensationFilingOrgAmt>
        <OtherCompensationFilingOrgAmt>13346</OtherCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>40325</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>26864</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>230944</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>STEVEN STOUT</PersonNm>
        <TitleTxt>Journeyman Lineman</TitleTxt>
        <BaseCompensationFilingOrgAmt>148302</BaseCompensationFilingOrgAmt>
        <OtherCompensationFilingOrgAmt>600</OtherCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>11510</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>26398</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>186810</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>DANIEL WOOD</PersonNm>
        <TitleTxt>Mgr Electric Operation</TitleTxt>
        <BaseCompensationFilingOrgAmt>135215</BaseCompensationFilingOrgAmt>
        <BonusFilingOrganizationAmount>2500</BonusFilingOrganizationAmount>
        <OtherCompensationFilingOrgAmt>600</OtherCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>34725</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>9618</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>182658</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="IRS990ScheduleO-213-Copy1">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part VI Line 6</FormAndLineReferenceDesc>
        <ExplanationTxt>JCREMC has members who receive electricity from JCREMC.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part VI Line 7a</FormAndLineReferenceDesc>
        <ExplanationTxt>JCREMC has members who have the right and responsibility to attend the</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part VI Line 7a</FormAndLineReferenceDesc>
        <ExplanationTxt>annual meeting every year and vote for candidates for the board.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part VI Line 11b</FormAndLineReferenceDesc>
        <ExplanationTxt>Form 990 is reviewed by JCREMC's governing body during the board of</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part VI Line 11b</FormAndLineReferenceDesc>
        <ExplanationTxt>directors meeting before it is filed.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part VI Line 12c</FormAndLineReferenceDesc>
        <ExplanationTxt>JCREMC's directors, officers and key employee's are required to sign a</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part VI Line 12c</FormAndLineReferenceDesc>
        <ExplanationTxt>conflict of interest certification annually.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part VI Line 19</FormAndLineReferenceDesc>
        <ExplanationTxt>JCREMC's governing documents are available to view on the website. Our</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part VI Line 19</FormAndLineReferenceDesc>
        <ExplanationTxt>financial statements are available upon request.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part XI Line 9</FormAndLineReferenceDesc>
        <ExplanationTxt>The ($1,134,402), other changes in net assets consists of two items. The</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part XI Line 9</FormAndLineReferenceDesc>
        <ExplanationTxt>first is a negative $909,562. This number consists of a retirement of</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part XI Line 9</FormAndLineReferenceDesc>
        <ExplanationTxt>patronage capital in the amount of $1,505,121, and an increase in fund</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part XI Line 9</FormAndLineReferenceDesc>
        <ExplanationTxt>balances of $595,559, due to unclaimed patronage capital brought back</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part XI Line 9</FormAndLineReferenceDesc>
        <ExplanationTxt>into other fund balances. The second item consists of a $224,840</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part XI Line 9</FormAndLineReferenceDesc>
        <ExplanationTxt>increase in the market adjustment valuation of our post retirement</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part XI Line 9</FormAndLineReferenceDesc>
        <ExplanationTxt>benefits. Our post retirement benefits is determined by an acturaial</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part XI Line 9</FormAndLineReferenceDesc>
        <ExplanationTxt>study each year and we do not fund any portion of that balance. JCREMC</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part XI Line 9</FormAndLineReferenceDesc>
        <ExplanationTxt>has shown patronage retirement to its memebers in the other changes in net</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part XI Line 9</FormAndLineReferenceDesc>
        <ExplanationTxt>assets of fund balances section. JCREMC has not shown any amount of</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part XI Line 9</FormAndLineReferenceDesc>
        <ExplanationTxt>patronage retirement on 990, Section IX, Statement of Functional Expenses,</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part XI Line 9</FormAndLineReferenceDesc>
        <ExplanationTxt>line 4. The reason that Section IX, line 4 does not include any retirements</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part XI Line 9</FormAndLineReferenceDesc>
        <ExplanationTxt>from patronage is due to the fact that none of the amounts that were</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part XI Line 9</FormAndLineReferenceDesc>
        <ExplanationTxt>retired from the patronage of JCREMC were operating expenses, but were</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part XI Line 9</FormAndLineReferenceDesc>
        <ExplanationTxt>rather merely a return of JCREMC's equity. The presentation shown by JCREMC</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part XI Line 9</FormAndLineReferenceDesc>
        <ExplanationTxt>was done in order to adequately supply all necessary information to the</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part XI Line 9</FormAndLineReferenceDesc>
        <ExplanationTxt>service as well as accuarately disclose the activity of JCREMC for the year</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
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          <BusinessNameLine1Txt>Johnson County Fiber Network</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <PrimaryActivitiesTxt>Data Communications</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>IN</LegalDomicileStateCd>
        <DirectControllingEntityName>
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        </DirectControllingEntityName>
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        <PrimaryActivitiesTxt>Holding Company</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>IN</LegalDomicileStateCd>
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        <ShareOfEOYAssetsAmt>3780380</ShareOfEOYAssetsAmt>
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          <StateAbbreviationCd>IN</StateAbbreviationCd>
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        <ShareOfEOYAssetsAmt>6282</ShareOfEOYAssetsAmt>
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        <DirectControllingEntityName>
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        </DirectControllingEntityName>
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        <ShareOfEOYAssetsAmt>26331732</ShareOfEOYAssetsAmt>
        <OwnershipPct>1.00000</OwnershipPct>
      </IdRelatedOrgTxblCorpTrGrp>
      <ReceiptOfIntAnntsRntsRyltsInd>true</ReceiptOfIntAnntsRntsRyltsInd>
      <GiftGrntOrCapContriToOthOrgInd>true</GiftGrntOrCapContriToOthOrgInd>
      <GiftGrntCapContriFromOthOrgInd>false</GiftGrntCapContriFromOthOrgInd>
      <LoansOrGuaranteesToOtherOrgInd>true</LoansOrGuaranteesToOtherOrgInd>
      <LoansOrGuaranteesFromOthOrgInd>false</LoansOrGuaranteesFromOthOrgInd>
      <DivRelatedOrganizationInd>false</DivRelatedOrganizationInd>
      <AssetSaleToOtherOrgInd>true</AssetSaleToOtherOrgInd>
      <AssetPurchaseFromOtherOrgInd>false</AssetPurchaseFromOtherOrgInd>
      <AssetExchangeInd>false</AssetExchangeInd>
      <RentalOfFacilitiesToOthOrgInd>false</RentalOfFacilitiesToOthOrgInd>
      <RentalOfFcltsFromOthOrgInd>false</RentalOfFcltsFromOthOrgInd>
      <PerformOfServicesForOthOrgInd>false</PerformOfServicesForOthOrgInd>
      <PerformOfServicesByOtherOrgInd>false</PerformOfServicesByOtherOrgInd>
      <SharingOfFacilitiesInd>false</SharingOfFacilitiesInd>
      <PaidEmployeesSharingInd>true</PaidEmployeesSharingInd>
      <ReimbursementPaidToOtherOrgInd>false</ReimbursementPaidToOtherOrgInd>
      <ReimbursementPaidByOtherOrgInd>true</ReimbursementPaidByOtherOrgInd>
      <TransferToOtherOrgInd>false</TransferToOtherOrgInd>
      <TransferFromOtherOrgInd>false</TransferFromOtherOrgInd>
      <TransactionsRelatedOrgGrp>
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        </OtherOrganizationName>
        <TransactionTypeTxt>Q</TransactionTypeTxt>
        <InvolvedAmt>44100</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>reimburse JCREMC for exp</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1Txt>Rural Utility Economic Development Corporation</BusinessNameLine1Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>B</TransactionTypeTxt>
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        <MethodOfAmountDeterminationTxt>grant</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1Txt>Effective Systems Fiber Network</BusinessNameLine1Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>A</TransactionTypeTxt>
        <InvolvedAmt>535395</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>interest</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <TransactionTypeTxt>D</TransactionTypeTxt>
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        <MethodOfAmountDeterminationTxt>loan</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1Txt>Franklin</BusinessNameLine1Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>G</TransactionTypeTxt>
        <InvolvedAmt>3121716</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>book value of assets</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <TransactionTypeTxt>O</TransactionTypeTxt>
        <InvolvedAmt>722105</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>actual costs</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <TransactionTypeTxt>Q</TransactionTypeTxt>
        <InvolvedAmt>177778</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>actual costs</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
    </IRS990ScheduleR>
  </ReturnData>
</Return>