HomeMy Public PortalAbout11-18-2002 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,NOVEMBER 18,2002
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,November 18,2002 in the Council Chambers
in the Municipal Building in said City.Chairperson Larry Parker presided with the following Councilmembers in
attendance:Howard"Jack"Elstro,Etta J.Lundy,Karl Sharp,Bing Welch,Bruce Wissel,Paul Combs,Phil Dickman
and Sarah"Sally"Hutton. The following business was conducted:
ROLL CALL
Nine present.
_APPROVAL OF MINUTES
The minutes of the meetings of November 4 and 11,2002 were approved on a motion by Councilmember Hutton,
second by Councilmember Dickman 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 (October 25,2002) $ 266,624.72
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 $ 266,624.72
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
Bond Coupons
Miscellaneous Prepaid Invoices $ 78,072.27
Telecom.Div.Misc.Pre Paid Invoices: 54,641.57
Total Prepaid Invoices: 399,338.56
Total EFT/Direct Deposit of Payroll: (91,847.87)
Total Prepaid Invoices: 307,490.69
Total EFT Transfers: 74,373.10
Total Prepaids plus EFT Transfers: 381,863.79
Total Bills Not Paid: 549,638.26
Grand Total of Bills to be approved: $ 931,502.05
•
RP&L Minutes Cont'd
November 18,2002
Page 2
REMARKS BY CHAIRPERSON
Chairperson Parker reminded Board members of the budget meeting at 7 p.m.Wednesday,November 20,at the RP&
L service building.
UNFINISHED BUSINESS
There was none.
STREET LIGHT COMMITTEE REPORT
Councilmember Elstro said he had a couple of things to look into in Wynfield this coming week.
REPORT BY GENERAL MANAGER
General Manager David Osbum announced that IMPA had picked up seven new members recently in the northern part
of the state.He said that shortly after the first of the year IMPA would be up to a membership of 40 municipals and he
said he felt there would be a few others join up after that.
He mentioned that there would be a Legislative Rally February 9 through 12,2003 and asked Board members to think
about whether or not they would like to attend.Osbum said RP&L had been sent a three-page questionnaire by IURC
on the subject of liabilities,practices,procedures,customer service and safety.He said that would be filled out and
returned to the IURC.
He said that last week he had attended the fall Board meeting of the Electric Power Research Institute(EPRI)in Dallas,
Texas.He added that he had been appointed to the Finance&Audit Committee,saying that the committee has a lot of
challenges in front of it.
NEW BUSINESS
There was none.
ADJOURNMENT
There being no further business,on a motion duly made,seconded and passed,the meeting was adjourned at 7:35 p.m.
Larry Parker,Chairperson
ATTEST:
Norma Schroeder,Clerk