HomeMy Public PortalAbout1580-1955 - Appropriate $2,429,800.00 From Municipal Exectric To Various AccountsORDINANCE NO. %S'80 --1955
AN ORDINANCE APPROPRIATING THE SUM OF TWO MILLION FOUR HUNDRED
TWENTY NINE THOUSAND EIGHT HUNDRED DOLLARS ($2,429,800.00) OUT
OF THE FUNDS OF.THE MUNICIPAL ELECTRIC LIGHTING AND POWER PLANT
OF THE CITY OF RICHMOND, INDIANA, TO VARIOUS ACCOUNTS OF SAID
PLANT: THE SUM OF ONE HUNDRED SEVENTY FIVE THOUSAND DOLLARS
(;175,000.00) OUT OF,THE FUNDS OF THE MUNICIPAL ELECTRIC LIGHT-
ING AND POWER PLANT OF THE CITY OF RICHMOND,'INDIANA, TO THE
INTEREST ON REVENUE BONDS: THE SUM OF TWO HUNDRED THOUSAND
DOLLARS (j200,000.00) OUT OF THE FUNDS OF THE MUNICIPAL
ELECTRIC LIGHTING AND POKIER PLANT OF THE CITY OF RICHMOND,
INDIANA, TO THE PRINCIPAL ON REVENUE BONDS, ALL FOR THE FISCAL
YEAR COMMENCING JANUARY 1, 1956 AND ENDING DECEMBER 31, 1956,
INCLUSIVE.
SECTION I. BE IT ORDAINED BY THE COM14ON COUNCIL OF THE
CITY OF RICHMOND, WAYNE. COUNTY, INDIANA, that for the.year be-
ginning January - 1,', 195ty, 'and ending. December. 31, 1954, in-
clusivef,"the sum of Two Million Four Hundred Twenty-nine Thou-
sand Eight Hundred Dollars ($2,429,800.00) be, and the same
is hereby eppropria.ted out of the -funds of the Municipal Electric
Lighting and Power Plant of the'City of Richmond, India. na, and
is hereby set apart for various.items of:expenditures as
follows, to -wit:
OPERATIONS
No. 1.
Steam Power Generation
4001000.00
2.
Transmission & Distribution
160,000.00
3.
Consumption
20,000.00
4.
Commercial
65,000.00
5.
Undistributed
401000.00
6.
General
200y000.00
7.
Depreciation Reserve
15,000.00
8.
Taxes -Gross Income.
35,000.00
8A
Social Security
15,000.00
9.
Civil City Expense
41000.00
10.
Miscellaneous Interest
800.00
11.
Interconnection
85,000.00
12.
Stock Account -Fuel
7501000.00
13.
Stock Account -Merchandise.
150,000.00
CONSTRUCTION
14-, 1.
Meters
25, 000.00
14-- 2.
Transformers
35, 000.00
14- 3.
Short Extensions
60,000.00
14- 4.
Sundry Equipment
35,000.00
14- 5.
Underg?°ound Equipment
10,000.00
14-10.
Non -Operating Payroll
20,000.00
14--23.
Street Lighting
30, 000.00
14--26.
Johnson St. Sta.Rehabilitation
50,000.00
14-2.7.
Whitewater Valley Station
150,000.00
14--28.
Distribution Substation
30,000.00
14-29.
Boiler Repair #2 and #3
. 15;000.00
14--30.
Voltage Regulators
30.000.00
Total $2,
29, 00.00
SECTION II. BE IT FURTHER ORDAINED, -that the sum of
One Hundred Seventy-five Thousand'Dollars 0175,000.00) be,
and the same is hereby appropriated out of the fund of the
Municipal Electric Lighting and. Power Plant of the City of
Richmond, Indiana, for the same reriod as above set -out, to
the interest on the Revenue Bonds.