HomeMy Public PortalAbout08-06-2001 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
MONDAY,AUGUST 6,2001
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 7 p.m.Monday,July 16,2001 in the Council Chambers in the
Municipal Building in said City.Chairperson Phil Dickman presided with the following Councilmembers in
attendance:Howard"Jack"Elstro;Etta J.Lundy,Karl Sharp,Bing Welch,Larry Parker,Paul Combs and Sarah"Sally"
Hutton.Bruce Wissel was absent.The following business was conducted:
ROLL CALL
Eight present.
APPROVAL OF MINUTES
The minutes of the meeting of July 16,2001were approved on a motion by Councilmember Hutton and 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 Combs and the motion was carried on a voice vote.
Bills Already Paid:
Payroll and Deductions $271,793.00
Investments Purchased From:
Cash Operating Fund 700,000.00
Bond Sinking Fund
Utility Bond Reserve Fund
Depreciation Reserve Fund 92,196.95
Insurance Reserve Fund
Consumer Deposit Fund
Cash Reserve Fund 178,309.00
Group Insurance Fund
Total $ 970,505.95
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 $ 201,935.21
Miscellaneous Prepaid Inv.Telecom: 32,991.90
Total Prepaid Invoices: 1,477,226.06 '
Total EFT/Direct Deposit of Payroll: (87,577.15)
Total Prepaid Invoices: 1,389,648.91
Total EFT Transfers: 1,607,923.39
Total Prepaids plus EFT Transfers: 2,997,572.30
Total Bills Not Paid: 1,694,478.07
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Grand Total of Bills to be approved: $4,692,050.37
RP&L Minutes Cont'd
August 6,2001
Page 2
REMARKS BY CHAIRPERSON
Chairperson Dickman had no remarks.
UNFINISHED BUSINESS
There was none.
STREET LIGHT COMMITTEE REPORT
Councilmember Elstro said everything was going well.
REPORT BY GENERAL MANAGER
Taking the place of General Manager David Osburn,who was out of town attending an EPRI meeting,was Tracey
Garrett,RP&L finance officer,who presented a proof of publication of bids for the Highland-Greenville Transmission
Line rebuild project.Councilmember Welch moved to accept the proof of publication,second by Councilmember
Parker and the motion was carried on a voice vote.Garrett reported that two bids had been received and upon opening
them noted that the first was made by L.E.Myers Co.of Indianapolis and was for$701,850 and the second was by M.J.
Electric of Michigan for$926,621.Councilmember Welch moved to refer the bids to the General Manger for
tabulation,evaluation and recommendation,second by Councilmember Sharp and the motion was carried on a voice
vote.
Garrett reported that there had been no weather related outages of any kind despite the high temperatures during the
past two week and there had been no records broken.
NEW BUSINESS
There was none.
ADJOURNMENT
There being no further business,on a motion duly made,seconded and passed,the meeting was adjourned at 7:10 p.m.
Phil Dickman,Chairperson
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ATTEST:
Norma Schroeder,Clerk