HomeMy Public PortalAbout07-20-2009 PROCEEDINGS OF THE BOARD OF DIRECTORS FINANCE COMMITTEE
FOR RICHMOND POWER & LIGHT
MONDAY, July 20, 2009
The Board of Directors Finance Committee for Richmond Power& Light Plant met in a special meeting at
12:00 p.m. July 20, 2009 in the Conference Room at the Richmond Power and Light Plant in said City.
Chairperson Pappin presided.
ROLL CALL:
Present were: Diana Pappin, Bob Goodwin and Larry Parker.
Also present was Steve Saum.
APPROVAL OF BILLS, INVESTMENTS AND TRANSFERS:
Ms. Pappin moved to approve the following bills for payment, supported by Mr. Goodwin. Upon a vote
viva voce, the motion passed.
Payroll:July 10,2009
Net: $ 69,860.99
Direct Deposit: $ 124,735.60
Deductions: $ 134,734.73
TOTAL: $ 329,331.32
Investments Purchased From:
Bond Reserve Fund: $ 350,000.00
Cash Reserve Fund: $2,000,000.00
TOTAL: $2,350,000.00
Miscellaneous Pre Paid Invoices: $ 565,915.56
Telecom. Div. Misc. Pre Paid Invoices: $ 24,841.94
Total Prepaid Invoices: $3,270,088.94
Less EFT/Direct Deposit of Payroll: $ 124,735.60
Total Prepaid Invoices: $3,145,353.22
Total EFT Transfers: $4,480,628.38
Total Prepaids plus EFT Transfers: $7,625,981.60
Total Bills Not Paid: $ 627,970.8.3
Grand Total of Bills to be Approved: $8,253,952.43
There being no further business and a motion duly made, the meeting was adjourne
Di na Papp' , Ch r erson
ATTEST: Karen Chasteen, IAMC, MMC
City Clerk