HomeMy Public PortalAbout10-03-2001 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
WEDNESDAY,OCTOBER 3,2001
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 6:30 p.m.Wednesday,October 3,2001 in the Council
Chambers in the Municipal Building in said City.Chairperson Phil Dickman presided with the following
Councilmembers in attendance:Howard"Jack"Elstro,Bruce Wissel,Karl Sharp,Bing Welch,Larry Parker,Paul
Combs and Sarah"Sally"Hutton. Etta Lundy was absent.The following business was conducted:
ROLL CALL
Eight present.
APPROVAL OF MINUTES
There were no minutes available for September 17,2001.
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 Combs and the motion was carried on a voice vote.
Bills Already Paid:
Payroll and Deductions $257,527.28
Investments Purchased From:
Cash Operating Fund
Bond Sinking Fund
Utility Bond Reserve Fund
Depreciation Reserve Fund 3,888,826.51
Insurance Reserve Fund
Consumer Deposit Fund
Cash Reserve Fund
Group Insurance Fund
Total $3,888,826.51
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 $ 67,877.57
Miscellaneous Prepaid Inv.Telecom: 20,350.00
Total Prepaid Invoices: 4,234,581.33
Total EFT/Direct Deposit of Payroll: (83,952.02)
Total Prepaid Invoices: 4,150,629.31
Total EFT Transfers: 1,676,021.45
Total Prepaids plus EFT Transfers: 5,826,650.76
Total Bills Not Paid: 799,686.39
Grand Total of Bills to be approved: $6,626,337.15
RP&L Minutes Cont'd
October 3,2001
Page 2
REMARKS BY CHAIRPERSON
•
Chairperson Dickman had no comments.
UNFINISHED BUSINESS
There was none.
STREET LIGHT COMMITTEE REPORT
There was none.
REPORT BY GENERAL MANAGER
General Manager David Osburn stated that the first item of business tonight is to award the bid for a 2002 four-door
sedan and announced that out of the three bids received,the lowest was made by Studebaker-Buick for$15,685 and
was for a Century Custom.He recommended that the bid be accepted.Councilmember Welch so moved,second by
Councilmember Parker and the motion was carried on a voice vote.
Osburn announced that five bids had been received and opened for a 2002 mini-van to be used by the
telecommunications department.Explaining that this one was a bit more complicated,he said the two lowest bids did
not meet specifications and recommended that the bid be awarded to the third lowest bidder which was the Ford
Windstar which is the 2001 they had in stock which enabled them to give a lower price.The bid was for$20,870 which
is about$533 more if his recommendation is approved.
Councilmember Wissel moved to award the bid to Fred First Ford for$20,870,second by Councilmember Hutton and
the motion was carried on a voice vote.
Osbum said it is that time of year again for the annual Board approval of the salary resolution which is Resolution 3—
2001 which sets the annual salary caps.He said they have used the 31/2 percent agreed upon in union negotiations for
the across the board increase for employees.
Councilmember Welch moved to approve the salary resolution mentioned above,second by Councilmember Parker
and the motion was carried on a voice vote.
Osburn then presented Resolution No.4—2001 concerning Reservist Pay.He explained that this is a result of a
meeting held with the Personnel Relations Committee of the Board.He said this stems from a question by one of the
employees who is a reservist who questioned how his pay would be handled if he was activated.Osburn said there is no
current policy to deal with this issue which brought about the forming of this resolution.He said based upon the
recommendation of the committee,obviously they would obey the state and federal laws which include holding his job
so he could gain seniority. As for the pay,Osburn said,the committee recommended that he be paid an additional 15
days which is the same as when they go on their training every year.
Councilmember Hutton moved to approve the resolution as presented,second by Councilmember Welch and the
motion was carried on a voice vote.
Osbum reported that he had distributed the latest rate survey that the IURC did for 2001.He said it is good news and
the highlights are that by that survey,RP&L was$5.26 per 1,000 kilowatt hours lower than the state average.He said
he would like to schedule a budget meeting for November 12 at the service building at RP&L.He said the key factors
that have changed in that area is the coal expense.He said they plan to present an updated 2002 expense budget on
primarily what is changed.He said they would also have to have approval of the 2002 capital budget possibly with a
few minor changes to be made.
He said the draft budget for IMPA reflects some pretty good rate decrease and whatever that is will flow through to the
customers. .•
NEW BUSINESS
There was none.
ADJOURNMENT
There being no further business,on a motion duly made,seconded and passed,the meeting was adjourned at 6:50 p.m.
Phil Dickman,Chairperson
ATTEST:
Norma Schroeder,Clerk