HomeMy Public PortalAbout08-21-2000 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,AUGUST 21,2000
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,August 21,2000 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 July 10,July 17 and August 7 meetings were approved on a motion by Councilmember Hutton,second
by Councilmember Parker 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 $247,481.03
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 Investments $247,481.03
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 $ 185,807.17
Total Prepaid Invoices 433,288.20
Total EFT/Direct Deposit of Payroll: (75,446.25)
Total Prepaid Invoices: 357.841.95
Total EFT Transfers: 1,577,663.73
Total Prepaids plus EFT Transfers: 1,935,505.68
Total Bills Not Paid: 530,215.14
Grand Total of Bills to be approved: $2,465,720.82
RP&L Minutes Cont'd
August 21,2000
Page 2
REMARKS BY CHAIRPERSON
Chairperson Welch reminded Councilmembers of the meeting of the Personnel Committee at 7 p.m.Monday,August
28,2000,at the RP&L service building.
UNFINISHED BUSINESS
There was none.
STREET LIGHT COMMITTEE REPORT
Councilmember Elstro said there was no report.
REPORT BY GENERAL MANAGER
General Manager David Osburn presented to the Board the proof of publication for the 2000 Dump Truck and
Councilmember Parker moved that it be accepted,second by Councilmember Wissel and the motion was carried on a
voice vote.Osbum opened the only bid received,stating it was from Fred First Ford for$65,940 less$5,000 for the
trade in,making the total bid$60,940.Councilmember Hutton moved to refer the bid to Osburn for tabulation,
evaluation and recommendation.
Osbum gave a brief background on the micro-turbine for the Distributed Generation Project noting that the estimated
cost is$95,000 but$47,000 of that will be paid by A.P.P.A.through its research and development program.Osbum
recommended Allied Signal for the installation of the micro-turbine unit at a cost of$55,000.He said RP&L hopes to
install this at the Richmond State Hospital which is willing to let them tap into their system.Councilmember Parker
moved to approve the recommendation,second by Councilmember Combs and the motion was carried on a voice vote.
Osbum also asked for approval of the Board to change the budget process to a multi-year budgeting system,explaining
that it would be a two-year budget for expenses.He said on the capital side they would go the other way,with a five-
year capital plan,adding that it would be a lot more work the first year to put together.He said this would coincide with
the two-year bargaining unit contract.There was also some discussion about the budget but Osburn said in checking
with the State Board of Accounts he found that RP&L is not required to have a budget,however,the utility is,by law,
required to have a yearly salary ordinance.
In answer to a question by Councilmember Wissel,Osburn said if the Board votes to accept his recommendation for the
multi-year budgeting system the members would most certainly still have a say in the process.Chairperson Welch
suggested that the Finance Committee have a look at it.In answer to a request by Councilmember Sharp,Osbum said
he would be happy to put a Glossary Page in the budget.Councilmember Lundy moved to approve the change to a
multi-year budgeting system,second by Councilmember Elstro and the motion was carried on a voice vote.
In his general report,Osburn told the Board that as of Friday the Indiana Utility Regulatory Corporation had reached a
settlement on the telecommunications case and in light of that asked the Board to consider creating a
telecommunications committee.Chairperson Welch said he would be asking for volunteers and in the absence of those
volunteers he would be making some appointments.
Osburn reminded the Board that there will be a meeting next Monday night at 7 p.m.at the RP&L service building.
He also commented on the I.D.E.M.settlement,stating that RP&L will be creating its own re-cycling system noting
that it will cost an estimated$150,000 and it will take a year to get it completed.
NEW BUSINESS
There was none.
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