HomeMy Public PortalAbout03-18-2002 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,MARCH 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,March 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 March 4,2002 regular meeting were approved on a motion by Councilmember Hutton,a second by
Councilmember Welch 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 $ 543,183.56
Investments Purchased From:
Cash Operating Fund
Bond Sinking Fund
Utility Bond Reserve Fund
Depreciation Reserve Fund 182,000.00
Insurance Reserve Fund
Consumer Deposit Fund 220,000.00
Cash Reserve Fund 443,626.04
Group Insurance Fund
Total $ 845,626.04
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 $ 185,043.07
Miscellaneous Prepaid Inv.Telecom: 1,135.93
Total Prepaid Invoices: 1,574,988.60
Total EFT/Direct Deposit of Payroll: (184,777.46)
Total Prepaid Invoices: 1,390,211.14
Total EFT Transfers: 154,676.62
Total Prepaids plus EFT Transfers: 1,544,887.76
Total Bills Not Paid: 499,742.87
Grand Total of Bills to be approved: $ 2,044,630.63
RP&L Minutes Cont'd
March 18,2002
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 Osburn gave some background on the I.M.P.A.Power Sales Contract,saying that since he
only recently learned this afternoon that this should be handled by an ordinance and,obviously,he is not prepared to do
that tonight.He said that it could be discussed tonight as an RP&L Board but all they could do,would be to
recommend approval and the ordinance would be acted on by Common Council at its next meeting.Bever said he saw
no need for the Board to take action tonight.Board members Welch,Combs and Wissel made a few brief remarks and
asked some questions.Osburn suggested that Board members be prepared to ask specific questions at the next meeting.
Chairperson Parker directed those Board members who had questions to contact either Bever or Osburn.
Chairperson Parker stated that the personnel committee had met with Osburn on the employment agreement as well as
discussing it among themselves and had come up with an agreement.However,he added, since this is the first time for
some of the members to see it in hard copy form,he said he would like for them to take the time to look it over and it
would be discussed at the next meeting.In answer to a question from Councilmember Combs,Councilmember
Dickman said those who were on the committee were Councilmembers Elstro,Welch,Wissel and himself.He also said
that those four had met together on this in September of 2001.
Osburn said he would be unable to attend the meeting March 25th at the service center because of an unexpected
meeting called by I.M.P.A.He said he would be able to meet March 27 and asked Board members to contact him if
they could meet with him at that time.
He also commented that Senate Bill 416,dealing with service territory for electric utilities,passed and is now on the
Governor's desk.He commented that the bill would make any future annexations much easier to deal with.He added
some comments about the storm last weekend and expressed his appreciation for the work done by RP&L crews.
NEW BUSINESS
There was none.
ADJOURNMENT
There being no further business,on a motion duly made,seconded and passed,the meeting was adjourned at 7:40 p.m.
Larry Parker,Chairperson
ATTEST:
Norma Schroeder,Clerk