HomeMy Public PortalAbout03-17-1997 /7
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. MARCH 17.1997
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 p.m. Monday, March 17, 1997, in the Council
3 Chambers in the Municipal Building in said City. Vice Chairperson Larry Parker presided with the following
4 Councilmembers in attendance: Howard "Jack" Elstro, Etta Lundy, Bruce Wissel, Sarah "Sally" Hutton, Geneva
5 "Gene"Allen,Alan Stamper and Bob Dickman. Chairperson Bing Welch was absent. The following business was
6 had to-wit:
7
8 APPROVAL OF MINUTES
9
10 The minutes of the meeting of March 3, 1997 were approved on a motion by Councilmember Wissel, second by
11 Councilmember Hutton and the motion was carried on a unanimous voice vote.
12
13 APPROVAL OF BILLS. INVESTMENTS AND TRANSFERS
14
15 Upon recommendation of the Finance Committee, Councilmember Hutton moved to approve the following bills for
16 payment,seconded by Councilmember Allen and by unanimous voice vote the motion carried.
17
18 Bills Already Paid
19 Payroll and Deductions 237,692.00
20
21 Investments Purchased From:
22 Cash Operating Fund
23 Bond Sinking Fund
24 Utility Bond Reserve Fund
25 Depreciation Reserve Fund 91,000.00
26 Insurance Reserve Fund
27 Consumer Deposit Fund
28 Cash Reserve Fund 228,208.56
29 Group Insurance Fund
30
31 Total Investments 319,208.56
32
33 Transfer from Cash Operating Fund to:
34 Cash Reserve Fund for payment
35 to City in lieu of taxes
36
37 Transfer from Cash Operating Fund to:
38 Depreciation Reserve Fund
39 for Property&Plant
40
41 Transfers from Depreciation Reserve to:
42 Gash Operating Fund
43
44 Transfers from Consumer Deposit to:
45 Cash Operating Fund
46
47 Transfers from Utility Bond Reserve Fund to:
48 Bond Sinking Fund
49
50 Transfers from Cash Operating to :
51 Interest and Bond Principal
52 Bond Sinking Fund
53 Cash Reserve Fund
54 Utility Bond Sinking Fund
55 56
Depreciation Reserve Fund
Insurance Reserve Fund
57 Consumer Deposit Fund
58 Interest and Bond Principal
59 aid of Month Petty Cash
60 Revenue Bonds
61 Interest Coupons Redeemed
62 Bond Coupons
63 Miscellaneous Prepaid Invoices 149,160.33
64 Total Prepaid Invoices 706,061.07
65 Less EFT/Direct Deposit of Payroll (48,666.81)
Total Prepaid Invoices 657,394.26
Total Bills Not Paid - 805,465.32
Grand Total 1,462,859.58
RP&L Minutes Cont'd
March 17, 1997
Page 2
1 REMARKS BY CHAIRPERSON
2
3 Vice Chairperson Parker announced that the Indiana State Board of Accounts had completed its audit of RP & L
4 and the exit conference will be held at 9 a.m. Thursday, March 20, in the conference room of the RP & L service
5 building.
6
7 UNFINISHED BUSINESS
8
9 There was none.
10
11 STREET LIGHT COMMITTEE REPORT
12
13 There was none.
14
15 MISCELLANEOUS BUSINESS
16
17 There was none.
18
19 REPORT BY GENERAL MANAGER
20
21 General Manager Irving Huffman asked the Board for authorization to receive bids to rebuild Unit Cell No.21 on
22 Unit No.2 cooling tower. He said it appeared in this year's budget and the estimated cost is$90,000. He added
23 that work is planning to begin during the next scheduled outage later in the apring. Councilmember Hutton moved
24 to authorize the receipt of bids, second by Councilmember Allen and the motion was carried on a unanimous
25 voice vote.
26
27 NEW BUSINESS
28
29 There was none.
30
31 ADJOURNMENT
32
33 There being no further business,on a motion duly made,seconded and passed the meeting was
34 adjourned.
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40 Larry Parker, Vice Chairperson
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45 ATTEST:
46 Norma Schroeder, Clerk
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