HomeMy Public PortalAbout07-10-2000 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,JULY 10,2000
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,July 10,2000 in the Council Chambers in the
Municipal Building in said City.Chairperson Bing Welch presided with the following Councilmembers in attendance:
Howard"Jack"Bistro,Larry Parker,Paul Combs,Phil Dickman and Sarah"Sally"Hutton.Etta J.Lundy was absent.
The following business was conducted:
ROLL CALL
Eight present.
APPROVAL OF MINUTES
Councilmember Hutton moved to approve the minutes of June 19,2000,second by Councilmember Parker and the
motion was 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 June 23 $246,841.46
Payroll and Deductions July 7 248,906.11
Investments Purchased From:
Cash Operating Fund 1,400,000.00
Bond Sinking Fund
Utility Bond Reserve Fund
Depreciation Reserve Fund 12,164,322.42
Insurance Reserve Fund 270,150.21
Consumer Deposit Fund
Cash Reserve Fund 2,097,753.53
Group Insurance Fund
Total Investments $15,932,226.16
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 $244,238.91
Total Prepaid Invoices 16,672,212.64
Total EFT/Direct Deposit of Payroll: (146,100.51)
Total Prepaid Invoices: 16,526,112.13
Total EFT Transfers: 351,808.43
Total Prepaids plus EFT Transfers: 16,877,920.56
Total Bills Not Paid: 671,635.11
Grand Total of Bills to be approved: $17,549,555.67
RP&L Minutes Cont'd
July 10,2000
Page 2
REMARKS BY CHAIRPERSON
Chairperson Welch said he continues to get reports from the general public and the ratepayers on the way RP&L is
doing in rendering service.He asked General Manager David Osburn to please pass that comment on to the employees.
Councilmember Parker added his personal comment about service in his neighborhood.Osburn said that is due to the
fast action of the Power Emergency Response Team's action.
UNFINISHED BUSINESS
There was none.
STREET LIGHT COMMITTEE REPORT
Councilmember Elstro said there was no report.
REPORT BY GENERAL MANAGER
Osburn distributed copies of the 1999 Annual Report to Board members.He also commented that Unit II was offline
this past weekend for three days and was back online Monday.He said during this summer there seems to be ample
supply of generation within this region to meet the demands but the margins are slim.
NEW BUSINESS
There was none.
ADJOURNMENT
There being no further business,on a motion duly made,seconded and passed,the meeting was adjourned at 7:20 p.m.
Bing Welch,Chairperson
ATTEST:
Myra Miller,Deputy Clerk