HomeMy Public PortalAbout08-16-2010 PROCEEDINGS OF THE BOARD OF DIRECTORS
FOR RICHMOND POWER & LIGHT
AUGUST 16, 2010
The Board of Directors for Richmond Power & Light Plant met in regular session at 7 p.m. August 16,
2010 in the Council Chambers in the Municipal Building in said City. Chairperson Welch presided.
ROLL CALL:
Present were: Howard "Jack" Elstro, Bruce Wissel, Clayton Miller, Bing Welch, Larry Parker, Diana
Pappin, Bob Goodwin and Phil Quinn. Absent was Kelley Cruse-Nicholson.
Also present were: Walt Chidester, City Attorney; Steve Saum, General Manager and Karen Chasteen,
City Clerk.
APPROVAL OF MINUTES:
Mr. Parker moved to approve the minutes of the meetings held July 19 and August 2, 2010, supported by
Ms. Pappin. Upon a vote viva voce, the motion passed.
APPROVAL OF BILLS, INVESTMENTS AND TRANSFERS:
Upon recommendation of the Finance Committee, Ms. Pappin moved to approve the following bills for
payment, supported by Mr. Goodwin. Upon a vote viva voce, the motion passed.
Bills Already Paid:
Payroll and Deductions 321,227.95
Transfers from Cash Operating to:
Miscellaneous Prepaid Invoices 1,138,694.33
Telecom. Div. Misc. Pre Paid Invoices: 23,048.51
EFT/Direct Deposit of Payroll: 125,419.36
EFT Transfers: 3,198,325.88
Total Bills Not Paid: 219,296.95
Grand Total: $4,775,174.26
STREET LIGHT COMMITTEE: None
OLD BUSINESS: None
NEW BUSINESS: None
REPORT BY GENERAL MANAGER:
• Working on a Resolution to allow Richmond Power and Light to solicit local financial institutions to
invest funds
• The following meetings are scheduled for the proposed 2011 budget:
October 18—Proposed Budget presented to the Board member
November 8—Meeting for Board to discuss proposed budget
November 22—Continue discussion if necessary
December 6- Budget Adoption Meeting
• The preliminary work is complete for the Building Study. There will be a meeting September 27
at 6 pm at RP&L to discuss
• We are still generating at full capacity
• There was a small outage on the northeast side on August 15 — the cause has not yet been
determined
MISCELLANEOUS BUSINESS:
ADJOURNMENT:
There being no further business and a motion duly made, the meeting was adjourned.
RP&L—Board of Directors Minutes
August 16,2010
Page 2 !!
Bin' etch, Ch irperson
ATTEST: Karen Chasteen, IAMC, MMC
City Clerk