HomeMy Public PortalAbout08-05-1991 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
AUGUST 5, 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 August 5, 1991 at the hour of 7:00 P.M. in the Municipal
3 Building in said City. Chairman Elstro presided with the following Councilmembers in attendance: Lundy,
4 Brookbank, Hankinson, McBride, Parker, Hutton Morris and Paust. Absent: None. The following business was
5 had to-wit:
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7 APPROVAL OF MINUTES OF AUGUST 5. 1991
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9 Councilmember McBride moved to approve the minutes of the previous meetings as prepared, seconded by
10 Councilmember Lundy and on unanimous voice vote the motion was carried.
11
12 APPROVAL OF BILLS. INVESTMENTS AND TRANSFERS
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14
15 Bills Already Paid
16 Payroll and Deductions 401,669.48
17
18
19
20 Investments Purchased From:
21 Cash Operating Fund 2,328,554.72
22 Bond Sinking Fund
23 Utility Bond Reserve Fund
24 Depreciation Reserve Fund 1,089,945.56
25 Consumer Deposit Fund
26 Cash Reserve Fund
27 Group Insurance Fund 171,445.28
28
29 Total Investments
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31
32 Transfer to City in Lieu of Taxesz
33
34 Transfer from PY Ded.to:
35 Cash Operating Fund
36
37 Transfers from Depreciation Reserve to:
38 Cash Operating Fund
39
40 Transfers from Consumer Deposit to:
41 Cash Operating Fund
42
43 Transfers from Utility Bond Reserve Fund to:
44 Bond Sinking Fund
45
46 Transfers from Cash Operating :
47 Interest and Bond Principal
48 Bond Sinking Fund
49 Cash Reserve Fund
50 Utility Bond Sinking Fund
51 Depreciation Reserve Fund
52 Insurance Reserve Fund
53 Consumer Deposit Fund
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56 Interest and Bond Principal
57
58 End of Month Petty Cash
59 Revenue Bonds
60 Interest Coupons Redeemed
61 Bond Coupons 7,775.00
62 Miscellaneous Bills Already Paid 1,597,451.40
63
64 Total Bills Not Paid 1,973,183.14
65
Grand Total 7,570,024.58
RP&L Minutes Cont'd
August 5, 1991
Page 2
1 REMARKS BY CHAIRPERSON
2
3 None were presented.
4
5 UNFINISHED BUSINESS
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7 No business.
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9 STREET LIGHT COMMITTEE REPORT
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11 None were presented.
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13 MISCELLANEOUS BUSINESS
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15 None was presented.
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17 REPORT BY GENERAL MANAGER
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19 Mr. Huffman reported on the most recent results of the survey regarding cable service. He said they have
20 received 5,571 surveys back which is over 30%. Mr. Huffman said of those returned 90.4%agree that RP&L
21 should to into the cable business and 95%would consider switching to RP&L if they were competitive with rates.
22
23 Councilmember McBride asked if RP&L went in the cable business would they be faced with the same difficulty in
24 finding channels and not knowing where they are.
25
26 Mr. Huffman stated that TCI feels it is easier to use the lower channels for purposes of blocking certain
27 programming and it is also a marketing tool to keep programming in the lower channels because people look at
28 the lower numbers. Mr. Huffman said he felt people know the over the air channels by their numbers and he
29 would like to see them on that cable channel and to put the pay channels in one blocked area.
30
31 Councilmember Parker asked how many subscribers there are in the area and was informed 13,000.
32
33 Councilmember Parker added if there were 13,000 subscribers then they were approaching a 50% return on
34 surveys from subscribers.
35
36 Mr. Huffman stated that they tried to keep the survey simple to get responses and they have also received many
37 other comments on the survey forms.
38
39 ADJOURNMENT
40
41 There being no further business, on a motion duly made, seconded and passed the meeting was
42 adjourned.
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48 Howard J. Elstro,Chairperson
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50
51
52 ATTEST:
53 Mary Merchanthouse, City Clerk
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