HomeMy Public PortalAbout05-18-1998 9)5
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,MAY 18,1998
. 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,May 18, 1998,in the Council Chambers in
the Municipal Building in said City.Chairperson Larry Parker presided with the following Councilmembers in
111 attendance:Howard"Jack"Elstro,Etta Lundy,Bob Dickman,Geneva"Gene"Allen,Dennis R.Rice Sr.,Bing Welch
and Bruce Wissel.Absent was Sarah"Sally"Hutton.The following business was conducted:
ROLL CALL
. Eight present.
APPROVAL OF MINUTES
Councilmember Allen moved to approve the minutes of May 4, 1998,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 Allen moved to approve the following bills for
payment,seconded by Councilmember Wissel and by unanimous voice vote the motion was carried.
Bills Already Paid:
Payroll and Deductions 215,287.83
Investments Purchased From:
Cash Operating Fund
Bond Singing 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 89,793.84
Total Prepaid Invoices 305,081.67
Less EFT/Direct Deposit of Payroll (49,746.48)
Total Prepaid Invoices 255,335.19
Total EFT Transfers: 81,600.86
Total Prepaids plus EFT Transfers: 336,936.05
Total Bills Not Paid 607,361.81
Grand Total 944,297.86
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RP&L Minutes Cont'd
May 4, 1998
Page 2
REMARKS BY CHAIRPERSON
Chairperson Parker had no remarks.
UNFINISHED BUSINESS
There was none.
STREET LIGHT COMMITTEE REPORT
Councilmember Elstro reported the street light project is right on schedule.
REPORT BY GENERAL MANAGER
Dennis Dixon,Line Department Superintendent,reported that he had some information for those RP&L customers
who have received notices from the Post Office to install mail boxes by the curb.He said there are approximately 400
names on the list of customers who need to move them and as a matter of information an ad is being placed in the
Palladium-Item by RP&L giving the number of the Indiana Underground Plant Project Services,a 24-hour 800
number which is 800-382-5544.
He said it is imperative that RP&L locate the lines on their property so they don't damage the cables when those
boxes are being installed.He said this if being done not only to protect the customer from being hurt but to keep from
damaging those cables.He added that the Post Office would be issuing letter to another 300 more customers after this
notice.Councilmember Parker commented that the Gas Co.and the other utilities will also visit the site to help locate
those lines.But,he said,the hardest part would be getting into the 800 number with so many people calling.
Dixon also commented on the article in the newspaper about the street lights,noting that the two to three weeks for the
beginning of the project,is a good frame of time.He said the first work order is for Oak Park where the installation will
begin.
Councilmember Allen stated that she felt the RP&L annual report was well prepared,interesting and beneficial to the
Board members.She added that it is also available to customers of RP&L.
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