HomeMy Public PortalAbout10-06-2003 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
MONDAY,OCTOBER 6,2003
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.Monday,October 6,2003 in the Council Chambers in
the Municipal Building in said City.Chairperson Bruce Wissel presided with the following Councilmembers in
attendance:Howard"Jack"Elstro,Etta J.Lundy,Karl Sharp,Bing Welch,Larry Parker,Steve Rabe,Phil Dickman and
Sarah"Sally"Hutton.The following business was conducted:
ROLL CALL
Nine present.
MINUTES FOR SEPTEMBER 15,2003
Councilmember Parker moved to approve the minutes of September 15,2003, second by Councilmember Sharp and
the motion was carried on a voice vote.
APPROVAL OF BILLS,INVESTMENTS AND TRANSFERS
Upon recommendation of the Finance Committee;Councilmember Hutton moved to approve the following bills for
payment,seconded by Councilmember Dickman and the motion was carried on a voice vote.
Bills Already Paid:
Payroll and Deductions $267,744.34
Investments Purchased From:
Cash Operating Fund
Bond Sinking Fund
Utility Bond Reserve Fund
Depreciation Reserve Fund 1,182,955.23
Insurance Reserve Fund
Consumer Deposit Fund
Cash Reserve Fund
Group Insurance Fund
Total $1,182,955.23
Telecommunications Division Investments Purchased From:
Cash Operating Fund
Transfer from Cash Operating Fund to:
Cash Reserve Fund for Payment
To City in lieu of taxes
Transfer from Cash Operating Fund to:
Depreciation Reserve Fund
For Property&Plant
Transfers from Depreciation Reserve to:
Cash Operating Fund
Transfers from Consumer Deposit to:
Cash Operating Fund
Transfers from Utility Bond Reserve Fund to:
Bond Sinking Fund
Transfers from Cash Operating to:
Interest and Bond Principal
Bond Sinking Fund
Cash Reserve Fund
Utility Bond Sinking Fund
Depreciation Reserve Fund
Insurance Reserve Fund
Consumer Deposit Fund
Interest and Bond Principal
End of Month Petty Cash
Revenue Bonds
Interest Coupons Redeemed
Miscellaneous Prepaid Invoices $ 248,969.85
Telecom.Div.Misc.Pre Paid Invoices: 46.692.82
Total Prepaid Invoices: 295,662.67
Total EFT/Direct Deposit of Payroll: (92,215.20)
Total Prepaid Invoices: 1,654,147.04
Total EFT Transfers: 1,749,380.49
Total Prepaids plus EFT Transfers: 3,403,527.53
Total Bills Not Paid: 851,502.67
Grand Total of Bills to be approved: $ 4,255,030.20
RP&L Minutes
October 6,2003
Page 2
REMARKS BY CHAIRPERSON
There were none.
UNFINISHED BUSINESS
STREET LIGHT COMMITTEE REPORT
REPORT BY GENERAL MANAGER
General Manager David Osburn gave Councilmember updates on several items which included the Customer
Satisfaction Survey conducted by IMPA for RP&L which was quite favorable for the utility and also a comparison of
residential utility bills made by IMPA.He also commented on the approval of the Economic Development Corp.of the
transfer of land in the Midwest Industrial Park of 13.9 acres that RP&L wants to use for a future substation as well as
make room for the towers to be used by the fire and police departments.He also made a few comments about the
LIPAC unit test project.
NEW BUSINESS
There was none.
ADJOURNMENT
There being no further business,on a motion duly made,seconded and passed,the meeting was adjourned at 7:20 p.m.
Bruce Wissel,Chairperson
ATTEST:
Norma Schroeder,Clerk