HomeMy Public PortalAbout12-16-1991 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
DECEMBER 16,1991
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 December 16, 1991 at the hour of 7:00 P.M. in the
3 Municipal Building in said City. Chairman Elstro presided with the following Councilmembers in attendance:
4 Lundy, Brookbank, Hankinson, McBride, Parker, Hutton, Morris and Paust. Absent: None. The following
5 business was had to-wit:
6
7 APPROVAL OF MINUTES OF DECEMBER 2, 1991
8
9 Councilmember McBride moved to approve the minutes of the previous meetings as prepared, seconded by
10 Councilmember Hutton and on unanimous voice vote the motion was carried.
11
12 APPROVAL OF BILLS, INVESTMENTS AND TRANSFERS
13
14 Upon recommendation of the Finance Committee, Councilmember Hankinson moved to approve the following
15 bills for payment,seconded by Councilmember Brookbank and on unanimous voice vote the motion carried.
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17 Bills Already Paid
18 Payroll and Deductions 213,539.62
19
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21 Investments Purchased From:
22 Cash Operating Fund 693,922.77
23 Bond Sinking Fund
24 Utility Bond Reserve Fund
25 Depreciation Reserve Fund 706,077.23
26 Consumer Deposit Fund
27 Cash Reserve Fund
28 Group Insurance Fund
29
30 Total Investments 1,400,000.00
31
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33 Transfer to City in Lieu of Taxes:
34
35 Transfer from PY Ded.to:
36 Cash Operating Fund
37
38 Transfers from Depreciation Reserve to:
39 Cash Operating Fund
40
41 Transfers from Consumer Deposit to:
42 Cash Operating Fund
43
44 Transfers from Utility Bond Reserve Fund to;
45 Bond Sinking Fund
46
47 Transfers from Cash Operating :
48 Interest and Bond Principal
49 Bond Sinking Fund
50 Cash Reserve Fund
51 Utility Bond Sinking Fund
52 Depreciation Reserve Fund
53 Insurance Reserve Fund
54 Consumer Deposit Fund
55
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57 Interest and Bond Principal
58
59 End of Month Petty Cash
60 Revenue Bonds
61 Interest Coupons Redeemed
62 Bond Coupons
63 Miscellaneous Bills Already Paid 93,828.31
64
65 Total Bills Not Paid 252,759.25
Grand Total 1,960,127.18
RP&L Minutes Cont'd
December 16, 1991
Page 2
1 REMARKS BY CHAIRPERSON
2
3 Chairman Elstro thanked all for their support this past year and stated that he always enjoyed seving as Chairman
4 of the Board of RP&L.
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6 UNFINISHED BUSINESS
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8 No business.
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10 STREET LIGHT TCOMMITTEE REPORT
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12 No report was presented.
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14 MISCELLANEOUS BUSINESS
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16 None was presented.
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18 REPORT BY GENERAL MANAGER
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20 Mr. Huffman had no formal report, but thanked the Board and wished those leaving the Board well in their future
21 endeavors.
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23 ADJOURNMENT
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25 There being no further business, on a motion duly made,seconded and passed the meeting was
26 adjourned.
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31 Jack Elstro, Chairperson
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35 ATTEST:
36 Mary Merchanthouse, City Clerk
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