Transactions with related parties

3 Months Ended

Oct. 31, 2023

Transactions with related parties

Transactions with related parties

K.    Transactions with related parties

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 condensed consolidated statements of operations as follows:

	For the three months ended October 31,
	2023		2022
Operating expense	$	76,859	$	68,982
General and administrative expense	$	9,329	$	7,870

See additional discussions about transactions with the general partner and related parties in Note G “Equity (Deficit).”