HomeMy Public PortalAbout06-23-2003 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 23,2003
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 23,2003 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 and Sarah"Sally"
Hutton.Councilmember Phil Dickman was absent.The following business was conducted:
ROLL CALL
Eight present.
MINUTES FOR JUNE 2,2003
Councilmember Parker moved to approve the minutes of June 2,2003, 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 Rabe and the motion was carried on a voice vote.
Bills Already Paid:
Payroll and Deductions $540,655.88
Investments Purchased From:
Cash Operating Fund 900,000.00
Bond Sinking Fund
Utility Bond Reserve Fund
Depreciation Reserve Fund 91,000.00
Insurance Reserve Fund
Consumer Deposit Fund
Cash Reserve Fund 178,309.00
Group Insurance Fund
Total $ 1,169,309.00
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 $ 249,943.97
Telecom.Div.Misc.Pre Paid Invoices: 38,411.82
Total Prepaid Invoices: 1,998,320.67
Total EFT/Direct Deposit of Payroll: (176,1007.85)
Total Prepaid Invoices: 1,822,312.82
Total EFT Transfers: 2,251,756.52
Total Prepaids plus EFT Transfers: 4,074,069.34
Total Bills Not Paid: 1,262,588.47
Grand Total of Bills to be approved: $ 5,336,657.81
RP&L Minutes Cont'd
June 23,2003
Page 2
REMARKS BY CHAIRPERSON
UNFINISHED BUSINESS
STREET LIGHT COMMITTEE REPORT
Councilmember Elstro had no report.
REPORT BY GENERAL MANAGER
General Manager David Osburn requested authorization from the Board to receive bids on one 2003 or 2004 bucket
truck to replace a 1991 Ford bucket truck with 84,560 miles.Councilmember Parker moved to approve the request,
second by Councilmember Sharp and the motion was carried on a voice vote.
Osbum also requested approval by the Board to receive bids on one 2003 or 2004 cargo van to replace a 1988 Ford van
with 69,794 miles.Councilmember Lundy moved to approve the request,second by Councilmember Parker and the
motion was carried on a voice vote.
Osburn reported that work on the Sanitary Lease Agreement is coming right along,adding that the significant items are
being worked on.He also commented on the subject of PeopleSoft and shared with the Board members a newspaper
clipping on the subject.He said he would be keeping an eye on the issue to wait and see the approach they take while
RP&L is still operating under the system it has in place.
IURC,he said,has issued a draft ruling on net metering which is designed for the small customer which has some
onsite generation.He added that he intends to make additional comments on that subject at a later date.
Osburn said the recent A.P.P.A.conference which was attended by several of the Board members was special because
of the Rising Star Award being awarded to Harry Phillips.
NEW BUSINESS
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