HomeMy Public PortalAbout1539-1954 - Appropriating $2,578,250.00 For The 1955 Power Plant Budget-
ORDINANCE NO. 1539- 1954,
AN .ORDINA,gdE APPROPRIATING THE °SUM..,OF , TWO MILLION FIVE HUNDRED
SEVENTY-EIGHT THOUSAND TWO HUNDRED FIFTY DOLLARS (12;.578,250..00)
OUT OF THE FUNDS OF ;'THE MUNICIPAL. ELECTRIC LIGHTING. AND- POWER
PLANT OF .THE CI TY - OF •RICHMOND - -.INDIANA, : TO, VARIOUS .,ACCOUNTS OF
SAID PLANT: THE SUMOF ONE HUNDRED SEVENTY EIGHT'THOUSAND FIVE
HUNDRED' DOLLARS ($178,5y00.00)'OUT OF THE FUNDS OF' THE MUNICIPAL
ELECTRIC LIGHTING AND POWER PLANT OF THE CITY OF RICHMOND,
INDIANA, TO THE INTEREST ON-RFVENUE.BONDS: THE SUM OF TWO
HUNDRED THOUSAND,DOLLARS (!�2O0,000:.00) OUT OF THE FUNDS OF THE
MUNICIPAL -ELECTRIC LIGHTING 1.AND POWER`PLANT OF THE-CI-TY OF'
RICHMOND) INDIANA, TO THE PRINCIPAL.ON REVENUE BONDS: THE SUM
OF EIGHT HUNDRED FIFTY THOUSAND DOLLARS 0850,000,00) OUT OF''
BOND SALE FUND OF -THE MUNICIPAL ELECTRIC LIGHTING AND.POWER
PLANT OF THE CITY OF RICHMOND, IND'I9NA,.TO.WHITEWATER VALLEY
STATION FUND, ALL FOR THE FISCAL YEAR COMMENCING JANUARY 1,
1955 AND ENDING DECEMBER 31, 1955, INCLUSIVE.'
SECTION I'. BE IT -ORDAINED BY THE COMMON COUNCIL OF THE
CITY OF RICHMOND, WAYNE COUNTY, INDIANA, that for the year be-
ginning January 1, 1955, and ehding December 31, 1955, in-
clusive, the sum of Two Million Five Hundred Seventy-eight
Thousand Two Hundred Fifty Dollars ($2,578,250.00) be, and the
same is hereby appropriated out of the funds of the Municipal
Electric Lighting and Power Plant of the City of Richmond,
Indiana, and is hereby set apart for various items of expendi-
tures as follows, to -wit;
OPERATIONS
No.- to
Steam Power Generation
435,000.00
2.
Transmission & Dis-tribution
160,000.00
3.
Consumption-
20,000.00
4.
Commercial
65,900.00
5.
Undistributed
4.09000.001
6 . '
General
1,75.; 000. 00
7.
Depreciation Reserve
152000.'00
8.
Taxes -Gross Income
55,000.00
9.
Civil City Expense.
40000.00
10.
Miscellaneous Interest
750- 00
11.
Interconnection
85,000:00
12.
Stock Account -Fuel
,750,000.00
13.
Stock Account-P•lerchandise
165,000.00
CONSTRUCTION
14- 1:
Meters
20, 000;'00.
14- 2.
Transformers
50,000.00
14- 3.
Short Extensions
60, 000. 00
14- 4.
Sundry Equipment
50,000.00
14- 5.
Underground Equipment
20j000.0O
14--10.
Non -Operating Payroll.
17,,500.00
14-23.
Street .Lighting
30;000.00
14-26.
Johnson St.Sta..Reha_bilitation 350,000.00
141-26A
Sprinkler System
110000.00
Total
$2,578.250.00
SECTION II. BE IT FURTHER ORDAINED,- that the sum of -
One Hundred Seventy-eight Thousand Five -Hundred Dollars
(178,500.00) 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 veriod'as above
set -out, to the interest on: the .Revenue Bonds.
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