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Transactions With Related Parties
12 Months Ended
Jul. 31, 2011
Transactions With Related Parties

K. Transactions with related parties

     

General partner

 

Ferrellgas has no employees and is managed and controlled by its general partner. Pursuant to Ferrellgas' partnership agreements, the general partner is entitled to reimbursement for all direct and indirect expenses incurred or payments it makes on behalf of Ferrellgas and all other necessary or appropriate expenses allocable to Ferrellgas or otherwise reasonably incurred by its general partner in connection with operating Ferrellgas' business. These costs primarily include compensation and benefits paid to employees of the general partner who perform services on Ferrellgas' behalf and are reported in the consolidated statements of earnings as follows:

 

 

For the year ended July 31,

 

2011

 

2010

 

2009

 

  Operating expense

$206,276

 

$224,974

 

$217,374

 

  General and administrative expense

$  26,777

 

$  24,620

 

$  23,801

 

See additional discussions about transactions with the general partner and related parties in Note I – Partners' capital.

 

Board of Directors

 

During fiscal 2009, Ferrellgas received payments totaling $0.3 million for services provided to and sublease revenue receipts from Samson Dental Practice Management, LLC, a company wholly-owned by Mr. Ferrell.  

 

Elizabeth Solberg, who was a member of the general partner's Board of Directors during fiscal 2011, serves as the General Manager of Fleishman-Hillard Inc. During fiscal 2011, 2010 and 2009, Ferrellgas paid Fleishman-Hillard Inc. $0.1 million, $0.2 million and $0.2 million, respectively for marketing and communications services.

Ferrellgas, L.P. And Subsidiaries [Member]
 
Transactions With Related Parties

 

 

 

K.Transactions with related parties

General partner

 

  Ferrellgas, L.P. has no employees and is managed and controlled by its general partner. Pursuant to Ferrellgas, L.P.'s partnership agreement, the general partner is entitled to reimbursement for all direct and indirect expenses incurred or payments it makes on behalf of Ferrellgas, L.P., and all other necessary or appropriate expenses allocable to Ferrellgas, L.P. or otherwise reasonably incurred by its general partner in connection with operating Ferrellgas, L.P.'s business. These costs primarily include compensation and benefits paid to employees of the general partner who perform services on Ferrellgas, L.P.'s behalf and are reported in the consolidated statements of earnings as follows:

 

 

For the year ended July 31,

 

2011

 

2010

 

          2009

 

Operating expense

$206,276

 

$224,974

 

$217,374

 

General and administrative expense

$  26,777

 

$  24,620

 

$  23,801

 

See additional discussions about transactions with the general partner and related parties in Note I – Partners' capital.

 

Board of Directors

 

During fiscal 2009, Ferrellgas, L.P. received payments totaling $0.3 million for services provided to and sublease revenue receipts from Samson Dental Practice Management, LLC, a company wholly-owned by Mr. Ferrell.  

 

Elizabeth Solberg, who was a member of the general partner's Board of Directors during fiscal 2011, serves as the General Manager of Fleishman-Hillard Inc. During fiscal 2011, 2010 and 2009, Ferrellgas, L.P. paid Fleishman-Hillard Inc. $0.1 million, $0.2 million and $0.2 million, respectively for marketing and communications services.