HomeMy Public PortalAbout08-19-2002 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,AUGUST 19,2002
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,August 19,2002 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 August 5,2002 meeting were approved on a motion by Councilmember Hutton,second by '
Councilmember Wissel 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(July 19 and August 2) $ 272,481.66
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 $ 110,293.44
Telecom.Div.Misc.Pre Paid Invoices: 22,757.37
Total Prepaid Invoices: 404,532.47
Total EFT/Direct Deposit of Payroll: (91,101.63)
Total Prepaid Invoices: 314,430.84
Total EFT Transfers: 177,097.81
Total Prepaids plus EFT Transfers: 491,528.65
Total Bills Not Paid: 1,084,689.09
Grand Total of Bills to be approved: $ 1,576,217.74
RP&L Minutes Cont'd
August 19,2002
Page 2
REMARKS BY CHAIRPERSON
Chairperson Parker commented on the photo of RP&L's electric car,saying the car was at the Indiana State Fair and
was very well received.He said it would be on display shortly at RP&L for Councilmembers to see as well as the
public,adding that it will also be on display at Townsend Center.General Manager David Osburn said the Richmond
Community School system was very excited about going forward with the project.
UNFINISHED BUSINESS
There was none.
STREET LIGHT COMMITTEE REPORT
•
Councilmember Elstro had no report. -
REPORT BY GENERAL MANAGER
General Manager David Osburn said the utility is in the early stages of preparing for its budget for next year and they
will continue the same process as in the past.He said he would be getting those to the Board members in October so
they could have their usual meetings in October and November.
Osburn said he felt the meeting with Mobobtec last week to review the project went very well and he expressed his
appreciation of the Board members'time and patience.Discussion centered on the different impressions of several of
the Board members about the project.
Osburn stated that in July,RP&L set a single month record for kilowatt hours selling 94,637,745 which is the most
ever sold by the utility in a single month.The previous record,he said,was set in July 1999.He said the system handled
it well without any serious problems.He said hot temperatures are worse than the cold ones in the winter and stresses
the equipment more.
Councilmember Welch asked Osbum how many megawatts it would drop off the service of RP&L if Dana Corp.
closes its operation as it has been reported in the news media.Osburn said Dana is the utility's single largest customer
and uses roughly 12 to 13 megawatts of power and this is not good news for RP&L.He said the worst possible thing
is to lose a customer but there is the indirect impact on the community because of the local companies that sell to them.
He said RP&L's annual revenues to Dana are about$2,500,000 per year.He said only time will tell and the result of
all this is still to be known.
NEW BUSINESS
There was none.
ADJOURNMENT
There being no further business,on a motion duly made,seconded and passed,the meeting was adjourned at 7:25 p.m.
Larry Parker,Chairperson
ATTEST:
Norma Schroeder,Clerk