HomeMy Public PortalAbout02-16-1998 PROCEEDINGS OF THE COMMON COUNCIL OF THE
CITY OF RICHMOND.INDIANA.SERVING AS A BOARD
IN CHARGE OF THE OPERATION OF THE RICHMOND POWER&UGHT PLANT
TUESDAY.FEBRUARY 16.1998
1 The Common Council of the City of Richmond, Indiana, serving as a Board in charge of the operations of the
2 Richmond Power & Light Plant met in regular session at 7:15 p.m. Monday, February 16, 1998, in the Council
3 Chambers in the Municipal Building in said City. Chairperson Larry Parker presided with the following
4 Councilmembers in attendance: Howard "Jack" Elstro, Etta Lundy Bob Dickman, Sarah "Sally" Hutton, Geneva
5 "Gene'Allen, Bing Welch and Bruce Wissel. The following business was had to-wit:
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7 APPROVAL OF MINUTES
8
9 The minutes of the meeting of February 2, 1998, were approved on a motion by Councilmember Hutton,second
10 by Councilmember Lundy and the motion was carried on a unanimous voice vote.
11
12 APPROVAL OF BILLS. INVESTMENTS AND TRANSFERS
13
14 Upon recommendation of the Finance Committee, Councilmember Hutton moved to approve the following bills
15 for payment,seconded by Councilmember Allen and by unanimous voice vote the motion carried.
16
17 Bills Already Paid
18 Payroll and Deductions 228,404.81
19
20 Investments Purchased From:
21 Cash Operating Fund
22 Bond Sinking Fund
23 Utility Bond Reserve Fund
24 Depreciation Reserve Fund
25 Insurance Reserve Fund
26 Consumer Deposit Fund
27 Cash Reserve Fund
28 Group Insurance Fund
29 Total Investments
30
31 Transfer from Cash Operating Fund to:
32 Cash Reserve Fund for payment
33 to City in lieu of taxes
34
35 Transfer from Cash Operating Fund to:
36 Depreciation Reserve Fund
37 for Property&Plant
38
39 Transfers from Depreciation Reserve to:
40 Cash Operating Fund
41
42 Transfers from Cash Operating to
43 Interest and Bond Principal
44 Bond Sinking Fund
45 Cash Reserve Fund
46 Utility Bond Sinking Fund
47 Depreciation Reserve Fund
48 Insurance Reserve Fund
49 Consumer Deposit Fund
50 Interest and Bond Principal
51 End of Month Petty Cash
52 Revenue Bonds
53 Interest Coupons Redeemed
54 Bond Coupons
55
56 Miscellaneous Prepaid Invoices 66,055.99
57 Total Prepaid Invoices 284,460.80
58 Less EFT/Direct Deposit of Payroll (47,712.87)
59 Total Prepaid Invoices: 236,747.93
60 Total EFT Transfers 63,805.75
61 Total Prepaids plus EFT Transfers 300,553.68
62 Total Bills Not Paid 704.530.23
63 Grand Total 1,005,083.91
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RP&L Minutes Cont'd
February 16, 1998
Page 2
1 REMARKS BY CHAIRPERSON
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3 Chairperson Parker explained that the meeting did not convene until 7:15 p.m. tonight because there were very
4 few things on the agenda and the most important thing was to approve the bills. RP & L union contract observes
5 President's Day and very few people were there today.
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7 UNFINISHED BUSINESS
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9 There was none.
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11 STREET LIGHT COMMITTEE REPORT
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13 Councilmember Elstro asked Mayor Andrews if he had met with Bob Goodwin, director of Planning, about the
14 street lights. Mayor Andrews said those requests are at different stages and will be brought forward at the same
15 time within the next few days.
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17 MISCELLANEOUS BUSINESS
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19 There was none.
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21 REPORT BY GENERAL MANAGER
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23 General Manager David Osburn had no remarks.
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25 ADJOURNMENT
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27 There being no further business,on a motion duly made,seconded and passed the meeting was
28 adjourned.
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33 Larry Parker, Chairperson
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37 ATTEST:
38 Norma Schroeder, Clerk
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