HomeMy Public PortalAbout06-02-2003 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,JUNE 2,2003
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,June 2,2003 in the Council Chambers in the;
Municipal Building in said City.In the absence of Chairperson Bruce Wissel,Vice Chairperson Karl Sharp presided
with the following Councilmembers in attendance:Howard"Jack"Elstro,Etta J.Lundy,Bing Welch,Larry Parker,
Stephen H.Rabe,Phil Dickman and Sarah"Sally"Hutton. The following business was conducted:
ROLL CALL
Eight present.
MINUTES FOR MAY 5,2003
Councilmember Hutton moved to approve the minutes of May 19,2003, second by Councilmember Parker 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 $270,145.26
Investments Purchased From:
Cash Operating Fund
Bond Sinking Fund
Utility Bond Reserve Fund
Depreciation Reserve Fund
Insurance Reserve Fund
Consumer Deposit Fund
Cash Reserve Fund
Group Insurance Fund
Total $ 270,145.26
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
Interest Coupons Redeemed
Miscellaneous Prepaid Invoices $ 145,841.44
Telecom.Div.Misc.Pre Paid Invoices: 30,040.90
Total Prepaid Invoices: 446,027.60
Total EFT/Direct Deposit of Payroll: (87,011.08)
Total Prepaid Invoices: 359,016.52
Total EFT Transfers: 1,237,882.21
Total Prepaids plus EFT Transfers: 1,596,898.73
Total Bills Not Paid: 541,602.07
Grand Total of Bills to be approved: $ 2,138,500.80
RP&L Minutes Cont'd
June 2,2003
Page 2
REMARKS BY CHAIRPERSON
Vice Chairperson Sharp announced that the second meeting in June is scheduled for the 16th when many of the Board
members will be out of town attending the national A.P.P.A.conference so the second meeting in June will be
conducted on the 23`d of June which will be the fourth Monday instead of the third.
UNFINISHED BUSINESS
STREET LIGHT COMMITTEE REPORT
Councilmember Elstro had no report.
REPORT BY GENERAL MANAGER
General Manager David Osbum gave a brief presentation of the Landfill Gas Generation Contract with IMPA which
included the areas of payment,the responsibilities of RP&L,metering,marketing rights,severability,disputes and
dispute resolution.Osbum explained that these projects cost more to build and operate than a traditional generating
plant but they have great environmental benefits.
NEW BUSINESS
ADJOURNMENT
There being no further business,on a motion duly made,seconded and passed,the meeting was adjourned at 7:15 p.m.
Karl Sharp,Vice Chairperson
ATTEST:
Norma Schroeder,Clerk