HomeMy Public PortalAbout07-07-2003 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,JULY 7,2003
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,July 7,2003 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,Stephen H.Rabe,Phil Dickman and Sarah
"Sally"Hutton.The following business was conducted:
ROLL CALL
Nine present.
MINUTES FOR JUNE 23,2003
Councilmember Parker moved to approve the minutes of June 23,2003, 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.Hutton also mentioned
that$17 million out of the total of$18,487,138.02 represented investments.
Bills Already Paid:
Payroll and Deductions $
Investments Purchased From:
Cash Operating Fund 400,000.00
Bond Sinking Fund
Utility Bond Reserve Fund
Depreciation Reserve Fund 15,083,398.78
Insurance Reserve Fund 303,056.72
Consumer Deposit Fund
Cash Reserve Fund 2,139,708.60
Group Insurance Fund
Total $17,926,164.10
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
111
Revenue Bonds
Interest Coupons Redeemed
Interest Coupons Redeemed
Miscellaneous Prepaid Invoices $ 43,433.61
Telecom.Div.Misc.Pre Paid Invoices: 21,390.06
Total Prepaid Invoices: 17,990,987.77
Total EFT/Direct Deposit of Payroll:
Total Prepaid Invoices:
Total EFT Transfers: 136,830.54
Total Prepaids plus EFT Transfers: 18,127,818.31 •
Total Bills Not Paid: 359,319.71
Grand Total of Bills to be approved: $18,487,138.02