Rural Cooperatives

Specialized Accounting & Advisory for REMCs

Monroe Shine provides specialized accounting and advisory services for Rural Electric Membership Cooperatives (REMCs) across Indiana and Kentucky. Our CPAs understand the unique financial, regulatory, and operational challenges faced by electric cooperatives, including RUS and CFC reporting requirements, rate studies, internal controls, and board governance. With decades of experience serving REMCs, we offer tailored solutions that help cooperatives remain compliant, improve efficiency, and maintain member trust. Monroe Shine delivers insights and expertise that empower rural cooperatives to manage growth, navigate regulation, and power their communities with confidence.

Rural Cooperatives Clients

We proudly serve a diverse range of rural electric and water cooperative clients providing industry-specific financial guidance tailored to their unique needs including:

Rural Electric Membership Cooperatives (REMCs)
Water Utilities

CPA & Business Consulting Services For Rural Cooperatives

Monroe Shine provides a wide range of specialized CPA and business consulting services for rural cooperatives clients.

Audits As Required By The Rural Utilities Service (RUS)

Monroe Shine conducts Audits as required by the Rural Utilities Service (RUS) and other similar entities to ensure Cooperatives maintain compliance with federal funding and reporting standards. Our CPAs have deep experience with RUS audit protocols, ensuring accurate financial reporting, timely submissions, and continued eligibility for USDA loan and grant programs.

Tax Preparation Services

Our firm provides specialized tax preparation and consulting services for REMCs and their affiliated entities. This includes annual reporting for exempt organizations, tax filings for for-profit subsidiaries, and guidance on maintaining compliance with cooperative revenue thresholds. We also support clients with financial reporting, tax planning, and entity structuring – helping REMCs optimize subsidiary profitability while preserving cooperative status. In addition, our team advises on related-party transactions, operational alignment, and other regulatory considerations unique to the electric cooperative industry.

Property Tax Preparation

Our firm provides property tax preparation services tailored for REMCs. We assist with completing required property tax forms and, when needed, develop detailed depreciation schedules to support accurate filings. This ensures clients have the documentation they need to prepare and submit their property tax returns with confidence.