HomeMy Public PortalAbout12-21-1998 /2-/
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 21,1998
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 21, 1998,in the Council Chambers
in the Municipal Building in said City.Chairperson Larry Parker presided with the following Councilmembers in
attendance:Howard"Jack"Elstro,Robert Dickman,Sarah"Sally"Hutton,Geneva"Gene"Allen,Dennis R.Rice Sr.,
Bing Welch and Bruce Wissel.Etta Lundy was absent.The following business was conducted:
APPROVAL OF MINUTES
The minutes of the meeting of December 7, 1998,were approved on a motion by'Councilmember Hutton,second by
Councilmember Lundy and the motion was carried on a unanimous 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 Allen and by unanimous voice vote the motion was carried.
Bills Already Paid:
Payroll and Deductions 235,177.06
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
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 117,122.08
Total Prepaid Invoices 352,299.14
Less EFT/Direct Deposit of Payroll (64,892.55)
Total Prepaid Invoices 287,406.59
Total EFT Transfers: 1,201,566.96
Total Prepaids plus EFT Transfers: 1,488,973.55
Total Bills Not Paid: 704,991.02
Grand Total of Bills to be Approved: 2,193,964.57
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RP&L Minutes Cont'd
December 21, 1998
Page 2
REMARKS BY CHAIRPERSON
Chairperson Parker announced that any Board member who has not talked with General Manager David Osburn about
attending the Washington,D.C.meeting needs to do so at this time.
UNFINISHED BUSINESS
There was none.
STREET LIGHT COMMITTEE REPORT
Councilmember Elstro had no report.Councilmember Welch expressed the appreciation of the residents of Oak Park
for the new streetlights put in recently.
REPORT BY GENERAL MANAGER
General Manager David Osburn reported that on December 15, 1998,the Whitewater Valley Generating Station set a
record for generation over a 24-hour period.He said it generated 2,447 megawatts gross,which is an average of over
100 megawatts pr hour for a 24-hour period,which is the most ever generated in the history of the plant.He added that
he was pleased with that,stating that the plant ran very well and experienced no problems,so most of the work done
there is showing the benefits.He said sometime after the first of the year the RP&L crews will move over to
Backmeyer Trace which is the next section to get streetlights.He wished everyone a Merry Christmas.
Councilmember Welch said he felt as Board members,they should extend to the employees of RP&L best wishes for
a Merry Christmas and Happy New Year.
NEW BUSINESS
There was none.
ADJOURNMENT
There being no further business,on a motion duly made,seconded and passed,the meeting was adjourned.
Larry Parker,Chairperson
ATTEST:
Norma Schroeder,Clerk