HomeMy Public PortalAbout12-07-1998 Jt
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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 7,1998
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 7, 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:
Councilmember Hutton moved to add Resolution 3—1998 to the agenda,second by Councilmember Wissel and the
motion was carried on a unanimous voice vote.
APPROVAL OF MINUTES
The minutes of the meeting of November 16, 1998,were approved on a motion by Councilmember Hutton,second by
Councilmember Rice 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 463,954.82
Investments Purchased From:
Cash Operating Fund 800,000.00
Bond Sinking Fund
Utility Bond Reserve Fund
Depreciation Reserve Fund 182,000.00
Insurance Reserve Fund
Consumer Deposit Fund
Cash Reserve Fund 174,813.00
Group Insurance Fund
Total Investments 1,156,813.00
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 217,803.69
Total Prepaid Invoices 1,892,571.51
Less EFT/Direct Deposit of Payroll (123,009.40)
Total Prepaid Invoices 1,769,562.11
Total EFT Transfers: 1,440,729.09
Total Prepaids plus EFT Transfers: 3,210,291.20
Total Bills Not Paid: 700,684.57
Grand Total of Bills to be Approved: 3,910,975.77
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RP&L Minutes Cont'd
December 7, 1998
Page 2
REMARKS BY CHAIRPERSON
Chairperson Parker had no remarks.
UNFINISHED BUSINESS
There was none.
STREET LIGHT COMMITTEE REPORT
Councilmember Elstro said everything is moving along well.
REPORT BY GENERAL MANAGER
In the absence of General Manager David Osbum,Dennis Dixon asked for the Board's approval on RP&L's expense
and capital budgets for 1999.There being no questions,Councilmember Hutton moved to approve,second by
Councilmember Dickman,and the motion was carried on a unanimous voice vote.
Dixon announced that RP&L had been selected to host a large conference and he asked Harry Phillips,assistant
manager of RP&L,to explain.Phillips announced to the Board that the MV90 User's Site Committee has selected the
City of Richmond as the host city for its 16th Annual Conference in October for the year 2000.He said RP&L is the
host utility and sponsor of the conference.
Phillips said the conference is recognized internationally,adding that it is likely that some of the guests will be from
Europe and Asia.He announced that Dave Gilland of the meter department of RP&L has been appointed chairman of
the RP&L Host Committee,noting that he was influential in securing the City as the host.He said Gilland and his
committee will work with the Holiday Inn,which is the host site,and the Wayne County Convention and Tourism
Bureau.He added that Gilland would also be the emcee for the 1999 conference in Gulfport,Miss.
Phillips said estimated 300 software users are expected to attend the conference,which has previously been held in Las
Vegas,Dallas and Scottsdale.In answer to Chairperson Parker's question about the length of the conference,Phillips
said it would last approximately four to five days.In answer to a request made by Councilmember Allen,Phillips said
the other two cities in the running for this conference were Austin,Texas and Seattle,Washington.Councilmember
Allen said RP&L was the first utility to purchase the software.
Dixon reminded Board members that if they are planning on attending the Chamber dinner or the Legislative Rally in
Washington,D.C.they need to let Susan Williams know of their plans.
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