HomeMy Public PortalAbout11-19-1990 PROCEEDINGS OF THE COMMON COUNCIL OF THE
CITY OF RICHMOND. INDIANA. SERVING AS A BOARD
IN CHARGE OF THE OPERATION OF THE RICHMOND PQWER
&_LIGHT PLANT, NOVEMBER 19, 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 November 19, 1990 at the hour of 7:00 P.M. in the
3 Municipal Building in said City. Chairman Lundy presided with the following Councilmembers in attendance:
4 Brookbank, Hankinson, McBride, Parker, Hutton, Morris and Paust. Absent: none. The following business was
5 had to-wit:
6
7 APPROVAL OF MINUTES OF NOVEMBER 5. 1990
8
9 Councilmember McBride moved to approve the minutes of the previous meeting as prepared, seconded by
10 Councilmember Hutton 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 192,149.16
17
18
19 Investments Purchased :
20 Cash Operating Fund 775,000..00
21 Bond Sinking Fund .00
22 Utility Bond Reserve Fund .00
23 Depreciation Reserve Fund .00
24 Consumer Deposit Fund .00
25 Cash Reserve Fund .00
26 Group Insurance Fund .00
27
28 Total Investments 775,000.00
29
30 Transfers from Depreciation Reserve to:
31 Cash Operatng Fund .00
32
33 Transfers from Consumer Deposit to:
34 Cash Operating Fund .00
35
36 Transfers from Utility Bond Reserve Fund to;
37 Bond Sinking Fund .00
38
39 Transfers from Cash Operating :
40 Interest and Bond Principal .00
41 Bond Sinking Fund .00
42 Cash Reserve Fund .00
43 Utility Bond Sinking Fund .00
44 Depreciation Reserve Fund .00
45 Insurance Reserve Fund .00
46 Total Transfers
47
48 Interest and Bond Principal .00
49
50 End of Month Petty Cash .00
51 Revenue Bonds .00
52 Interest Coupons Redeemed .00
53 Coupons Purchased .00
54 Miscellaneous Bills Already Paid 87,739.67
55 Total Bills Not Paid 132,785.44
56 1,187,674.27
57
58 Upon recommendation of the Finance Committee, Councilmember Elstro moved to approve the investments
59 purchased,transfers made and bills to be paid, seconded by Councilmember Hankinson and on unanimous voice
60 vote the motion was carried.
61
62 REMARKS BY CHAIRPERSON
63
64 No remarks were presented.
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RP&L Minutes Cont'd
November 19, 1990
Page 2
1 UNFINISHED BUSINESS
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3 No business.
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5 STREET LIGHT COMMITTEE REPORT
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7 No report.
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9 MISCELLANEOUS BUSINESS
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11 None was presented.
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13 REPORT BY GENERAL MANAGER
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15 Mr. Irving Huffman presented the recommendations for the bid award for the four wheel drive passenger vehicle.
16 He said the bid of Tom Brookbank Chevrolet at 16,085.00 was the lowest and best bid and was able to guarantee
17 delivery date sooner than the other bidders.
18
19 Councilmember Hankinson moved to award the bid for a1991 four wheel drive passenger vehicle to Tom
20 Brookbank Chevrolet at 16,085.00,seconded by Councilmember Parker and on an voice vote the motion was
21 carried.
22
23 Mr. Huffman reminded the Board of the meeting on November 26, 1990 for further 1991 budget study.
24
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 Etta Lundy, Chairperson
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38 ATTEST:
39 Mary Merchanthouse, City Clerk
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