HomeMy Public PortalAbout11-04-2002 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 4,2002
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 4,2002 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 meeting of October 21,2002 were approved on a motion by Councilmember Hutton,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 (October 25,2002) $ 264,625.71
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 $ 264,625.71
Telecommunications Division Investments Purchased From:
Cash Operating Fund $ 750,000.00
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 $ 150,543.87
Telecom.Div.Misc.Pre Paid Invoices: 22 265.05
Total Prepaid Invoices: 1,187,434.63
Total EFT/Direct Deposit of Payroll: (90,322.68)
Total Prepaid Invoices: 1,097,111.95
Total EFT Transfers: 96,798.39
Total Prepaids plus EFT Transfers: 1,193,910.34
Total Bills Not Paid: 527,714.40
Grand Total of Bills to be approved: •
$ 1,721,624.74
RP&L Minutes Cont'd
November 4,2002
Page 2
REMARKS BY CHAIRPERSON
Chairperson Parker reminded Councilmembers to mark their calendars on the 11`h and 20`h for meetings at the RP&L
service building for the purpose of discussing the budget.
UNFINISHED BUSINESS
There was none.
STREET LIGHT COMMITTEE REPORT
Councilmember Elstro had no report.
REPORT BY GENERAL MANAGER
General Manager David Osburn announced that he had distributed binders containing the budget for Councilmembers
to go through before and during the scheduled meetings announced earlier by Chairperson Parker.He explained that it
contained a two-year expense and sales production budget for 2003 and 2004 and a 5-year capital plan but would only
be asking for the approval of the 2003 capital.He said the budget for Parallax was also included in the binder.
Bob Crye,power production manager,explained that Unit No.2 had been taken off line October 19 and came back on
line November 1.He explained the maintenance that had taken place on the boilers and pulverizers as well as the
ultrasonic thickness testing.In answer to a question about the life expectancy of the boilers,Crye said No. 1 Unit has
been on line since 1955 and No.2 came on line in 1973.Osburn said that what utilities such as RP&L are finding out
is that they are running boilers a lot longer than was really envisioned when they were put in service.He added that
with good maintenance and good operations you can get many more good years out of them.
Councilmember Welch asked if RP&L was planning on being at the hearing of the Indiana Air Pollution Control
Board in Indianapolis.Osburn answered that the first one will not be a full public hearing.When they re-open the
hearing in December he will be there along with Tony Sullivan and possibly,Bob Crye.
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