HomeMy Public PortalAbout10-07-2002 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,OCTOBER 7,2002
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,October 7,2002 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 September 16,2002 meeting were approved on a motion by Councilmember Hutton,second by
Councilmember Welch 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 (September 27,2002) $ 260,805.60
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
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 $ 200,863.56
Telecom.Div.Misc.Pre Paid Invoices: 48,667.80
Total Prepaid Invoices: 510,336.96
Total EFT/Direct Deposit of Payroll: (87,497.75)
Total Prepaid Invoices: 422,839.21
Total EFT Transfers: 1,674,505.23
Total Prepaids plus EFT Transfers: 2,097,344.44
Total Bills Not Paid: 1,089,980.09
Grand Total of Bills to be approved: $ 3,187,324.53
RP&L Minutes Cont'd
October 7,2002
Page 2
REMARKS BY CHAIRPERSON
Chairperson Parker had no comments.
UNFINISHED BUSINESS
There was none.
STREET LIGHT COMMITTEE REPORT
Councilmember Elstro had no report.
REPORT BY GENERAL MANAGER
General Manager David Osbum announced that the first item on the agenda was a request for Board approval of the
Mobotec contract,but he explained that it isn't quite ready to be acted upon as yet.He said there were no real
problems,it was just trying to get everybody together to get communication going.He said that would be held over
until the next meeting.
He reminded the Board that this coming Friday,October 11,the memorial at RP&L would be dedicated followed by
lunch for the employees around noon to recognize their support and service to the utility over the years with the
dedication taking place at 1 p.m.In answer to a question by Councilmember Welch,Osburn said the retirees are invited
to the event as well as the public.
Councilmember Sharp commended the Palladium-Item on the article which appeared on Sunday,October 6,along with
several photos telling about RP&L's 100 years of service to the community.It also told of some of the events planned
to celebrate the 100th Anniversary.
NEW BUSINESS
There was none.
ADJOURNMENT
There being no further business,on a motion duly made,seconded and passed,the meeting was adjourned at 7:03 p.m.
Larry Parker,Chairperson
ATTEST:
Norma Schroeder,Clerk