HomeMy Public PortalAbout12-04-2000 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,DECEMBER 4,2000
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,December 4,2000 in the Council Chambers
in the Municipal Building in said City.Chairperson Bing Welch presided with the following Councilmembers in
attendance:Howard"Jack"Elstro,Etta J.Lundy,Bruce Wissel,Karl Sharp,Larry Parker,Paul Combs,Phil Dickman
and Sarah"Sally"Hutton.The following business was conducted:
ROLL CALL
•
Nine present.
APPROVAL OF MINUTES
Minutes of the November 20,2000 meeting were approved on a motion by Councilmember Hutton,second by
Councilmember Sharp and were 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 by voice vote.
Bills Already Paid:
Payroll and Deductions July 21 and Aug.4 $256,467.36
Investments Purchased From:
Cash Operating Fund
Bond Sinking Fund
Utility Bond Reserve Fund
Depreciation Reserve Fund 91,000.00
Insurance Reserve Fund
Consumer Deposit Fund
Cash Reserve Fund 181,875.00
Group Insurance Fund
Total Investments $272,875.00
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 $ 188,692.74
Total Prepaid Invoices 718,035.10
Total EFT/Direct Deposit of Payroll: (79,688.28)
Total Prepaid Invoices: 638,346.82
Total EFT Transfers: 1,966,925.19
Total Prepaids plus EFT Transfers: 2,605,272.01
Total Bills Not Paid: 649,668.50
Grand Total of Bills to be approved: $3,254,940.51
RP&L Minutes Cont'd
December 4,2000
Page 2
REMARKS BY CHAIRPERSON
Chairperson Welch stated that he appreciated the preparation of the multi-year budget,the way it was put together and
the way it was presented to the Board.
UNFINISHED BUSINESS
There was none.
STREET LIGHT COMMITTEE REPORT
Councilmember Elstro said there was no report.
REPORT BY GENERAL MANAGER
General Manager David Osbum thanked Chairperson Welch for his comments and stated that the first item of business
tonight is the budget,noting that the had not received any additions or questions to the information distributed to the
Board members.He said he would be asking for approval of the 2001-2002 expense budget and the 2001 capital
budget.Councilmember Wissel commented on the electric card program and Osbum answered that after the discussion
about it with the Board,it was agreed to still leave it in the budget but RP&L would take no action on it until it was
brought back to the Board.Councilmember Parker moved to approve the capital and expense budgets as received,
second by Councilmember Sharp and the motion was carried on a voice vote.
Osbum commented on the outages caused by a semi truck that went off the road on Hodgin Road and hit a transmission
pole on November 21.He said they were lucky that the pole snapped off and broke free without tearing the lines down,
adding that some customers were brought back on fairly quickly with most taken care of within a reasonable amount of
time.He commended the RP&L employdes for their work throughout the night getting everything taken care of,
adding that it was a long night for several of them.
He reminded Board members that plans were being made for the upcoming A.P.P.A.legislative rally in Washington,
D.C.taking place during the week of February 5 and asked them to respond as soon as possible as to what their
intentions are as far as attending.
Osbum commented about an article in the Palladium-Item on the workforce development study that the
Richmond/Wayne County Chamber of Commerce undertook,stating that he had attended the board retreat of
Economic Development Corp.of Wayne County.He said there are items that pertain to RP&L in that report and these
include the low-cost energy,which is a prime factor in attracting businesses,as well as reliability and the demands in
that area will only increase.He also talked about the area of telecommunications and the role RP&L will play,as well
as the"green energy,"which is down the road for the utility and its landfill gas project.
In answer to a question posed by Chairperson Welch about the telecommunications plan,Osbum said RP&L is almost
ready to go on that,adding that what needs to be done now is to move forward in forming the telecommunications
committee with Board members.He said he wanted to meet with that committee to have the first discussion with the
members and he wanted to do that before the end of the month.Councilmember Welch said he had already had one
volunteer and he was waiting for any additional volunteers and for Osbum to let the Board members know about the
guidelines being prepared by the City Attorney.He said RP&L was beginning to get a lot of inquiries about service
and he feels the plan should be operational in the first quarter of 2001.
NEW BUSINESS
ADJOURNMENT
There being no further business,on a motion duly made,seconded and passed,the meeting was adjourned.
Bing Welch,Chairperson
ATTEST:
Norma Schroeder,Clerk