HomeMy Public PortalAbout12-03-1990 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 3, 1990
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 3, 1990 at the hour of 7:00 P.M. in the Municipal
3 Building in said City. Chairman Lundy presided with the following Councilmembers in attendance: Brookbank,
4 Hankinson, McBride, Parker,and Hutton. Absent:Morris and Paust. The following business was had to-wit:
5
6 APPROVAL OF MINUTES OF NOVEMBER 19. 1990
7
8 Councilmember McBride moved to approve the minutes of the previous meeting as prepared, seconded by
9 Councilmember Hutton and on unanimous voice vote the motion was carried.
10
11 APPROVAL OF BILLS. INVESTMENTS AND TRANSFERS
12
13
14 Bills Already Paid
15 Payroll and Deductions 197,879.32
16
17
18 Investments Purchased :
19 Cash Operating Fund 2,025,000..00
20 Bond Sinking Fund .00
21 Utility Bond Reserve Fund .00
22 Depreciation Reserve Fund .00
23 Consumer Deposit Fund .00
24 Cash Reserve Fund 137,500.00
25 Group Insurance Fund .00
26
27 Total Investments 2,162,500.00
28
29 Transfers from Depreciation Reserve to:
30 Cash Operating Fund 653,920 .00 •
31
32 Transfers from Consumer Deposit to:
33 Cash Operating Fund .00
34
35 Transfers from Utility Bond Reserve Fund to:
36 Bond Sinking Fund .00
37
38 Transfers from Cash Operating
39 Interest and Bond Principal .00
40 Bond Sinking Fund .00
41 Cash Reserve Fund 137,500.00
42 Utility Bond Sinking Fund .00
43 Depreciation Reserve Fund .00
44 Insurance Reserve Fund .00
45 Total Transfers
46
47 Interest and Bond Principal .00
48
49 End of Month Petty Cash .00
50 Revenue Bonds .00
51 Interest Coupons Redeemed .00
52 Coupons Purchased .00
53 Miscellaneous Bills Already Paid 972,329.58
54 Total Bills Not Paid 661,306.45
55 4,785,435.35
56
57 Upon recommendation of the Finance Committee, Councilmember Elstro moved to approve the investments
58 purchased,transfers made and bills to be paid, seconded by Councilmember Hankinson and on unanimous voice
59 vote the motion was carried.
60
61 REMARKS BY CHAIRPERSON
62
63 No remarks were presented.
64
65
RP&L Minutes Cont'd
December 3, 1990
Page 2
1 UNFINISHED BUSINESS
2
3 No business.
4
5 STREET LIGHT COMMITTEE REPORT
6
7 No report.
8
9 MISCELLANEOUS BUSINESS
10
11 None was presented.
12
13 REPORT BY GENERAL MANAGER
14
15 Mr. Irving Huffman presented the 1991 Budget to the Board for their approval.
16
17 Councilmember Brookbank asked if the Board approved the computer back up system,that it would also be
18 available to the City in order to utilize it to its fullest.
19
20 Mr. Huffman said this has always been available to the City and the City could install hardware to joint with RP&L
21 with RP&L having first access.
22
23 Councilmember Brookbank said it should be stipulated that the computer be located on RP&L property.
24
25 Councilmember Parker asked if billing was the main use for the back up system and Mr. Huffman explained that it
26 will also provide additional hardware for back up and can be used for programming if not being used for back up.
27 He said it will mainly be used for billing.
28
29 Councilmember Parker expressed concerns that this was a 110,000.00 investment that would be outdated in two
30 to three years.
31
32 Mr. Huffman explained that they have chosen hardware that can be upgraded and not become outdated.
33
34 Councilmember Parker said he had no problem with the budget,only the back up computer.
35
36 Mr. Huffman said this was very crucial if there were problems with the other computer and they will also be able to
37 utilize it at all times.
38
39 Councilmember Elstro moved for adoption of the 1991 Budget as presented, seconded by Councilmember
40 Hankinson and on unanimous voice vote the motion was carried.
41
42 Councilmember Elstro asked that next year's budget not include a lot of funds for computer equipment.
43
44 Mr. Huffman told the Board that he anticipated 1991 being an active year,with continuation of existing project
45 rather than starting new ones.
46
47 ADJOURNMENT
48
49 There being no further business, on a motion duly made,seconded and passed the meeting was
50 adjourned.
51
52
53
54
55 Etta Lundy, Chairperson
56
57
58
59
60 ATTEST:
61 Mary Merchanthouse, City Clerk
62
63
64
65