HomeMy Public PortalAbout04-15-2002 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,APRIL 15,2002
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,April 15,2002 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 April 1,2002 regular meeting were approved on a motion by Councilmember Hutton,a second by
Councilmember Wissel and 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 $ 307,812.26
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 $ 307,812.26
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 $ 134,313.57
Miscellaneous Prepaid Inv.Telecom: 10,227.20
Total Prepaid Invoices: 452,353.03
Total EFT/Direct Deposit of Payroll: (102,618.62)
Total Prepaid Invoices: 349,734.41
Total EFT Transfers: 91,088.63
Total Prepaids plus EFT Transfers: 440,023.04
Total Bills Not Paid: 604,779.84
Grand Total of Bills to be approved: $ 1,045,602.88
RP&L Minutes Cont'd
April 15,2002
Page 2
REMARKS BY CHAIRPERSON
Chairperson Parker had no remarks.
UNFINISHED BUSINESS
There was none.
STREET LIGHT COMMITTEE REPORT
There was none.
REPORT BY GENERAL MANAGER
General Manager David Osbum stated that the Indiana State Highway Department has offered RP&L$150 for the
temporary right of way at the Chester substation and after some discussion Councilmember Parker suggested that this
is something that could be handled at a later meeting.
In answer to Councilmember Parker's question about RP&L doing some tree trimming in the Glen Miller area,
Osburn said he didn't feel that it would do much good,adding that he feels the best thing to do is to convert to
underground wiring there.He said it is a densely wooded area to have lines running through.He said the Forest Hills
area is also one that needs to be looked at as far as underground wiring.He said the latest ice storm took down 8 spans
of line in the Glen Hills area and RP&L couldn't even get its equipment into the area.Osbum said there would be a
meeting at 7 p.m.Monday,April 22,at the service building for the annual review of 2001.
Osburn said customers would start seeing some difference in the looks of their bills because of the URL conversion
which,he said,is under budget although it is over the time limit set earlier.He said the team is working well together,
but a lot of the changes in the programming is being done by the users themselves.Osbum said any savings with the
new equipment over the old would take three years to realize.Councilmember Dickman asked about the security in the
new system and Osburn said it was intact.
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