HomeMy Public PortalAbout01-04-2005 PROCEEDINGS OF THE COMMON COUNCIL OF THE
CITY OF RICHMOND, INDIANA, SERVING AS A BOARD
IN CHARGE OF THE OPERATION OF THE RICHMOND POWER& LIGHT PLANT
TUESDAY, JANUARY 4, 2005
The Common Council of the City of Richmond, Indiana, serving as a Board in charge of the operations of
the Richmond Power & Light Plant met in regular session at 7 p.m. Tuesday, January 4, 2005 in the
Council Chambers in the Municipal Building in said City. Board Chair Welch presided.
ROLL CALL: Present were: Howard "Jack" Elstro, Bruce Wissel, Karl Sharp, Bing Welch, Larry
Parker,Al Glover,Diana Pappin and Gil Klose. Absent was Etta Lundy.
APPROVAL OF MINUTES: Board member Parker moved to approve the minutes of the meeting
held December 20, 2004. Board member Sharp seconded. The motion carried with a unanimous voice
vote.
APPROVAL OF BILLS,INVESTMENTS AND TRANSFERS:
Upon recommendation of the Finance Committee,Board member Pappin moved to approve the following
bills for payment with a second by Board member Sharp. The motion carried with a voice vote.
Bills Already Paid:
Payroll and Deductions 297,506.87
Investments Purchased From:
Cash Reserve Fund 713,236.00
Transfers from Cash Operating to:
Miscellaneous Prepaid Invoices 200,240.85
Telecom. Div. Misc. Pre Paid Invoices: 16,979.20
Total Prepaid Invoices: 1,227,962.92
Total EFT/Direct Deposit of Payroll: (111,682.14)
Total Prepaid Invoices: 1,116,280.78
Total EFT Transfers: 2,576,154.95
Total Prepaids plus EFT Transfers: 3,692,435.73
Total Bills Not Paid: 616,638.37
Grand Total of Bills to be approved: $4,309,074.10
STREET LIGHT COMMITTEE: No report.
REPORT BY GENERAL MANAGER:
General Manager Dave Osburn reported there were no major problems related to the 19 inches of
snow in December.
Mr. Osburn distributed an updated Production and Sales Budget for 2005 to the Board.
MISCELLANEOUS BUSINESS:
Board Chair Welch presented a gavel to Board member Sharp and thanked him for his service as
Chair of the RP&L Board in 2004.
RP&L—Board of Directors Minutes
January 4,2005
Page 2
ADJOURNMENT:
There being no further business,the meeting was adjourned.
S/S Bing Welch
Bing Welch, Chair
S/S Karen Chasteen
ATTEST: Karen Chasteen, Clerk