HomeMy Public PortalAbout07-16-1990 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, JULY 16, 1990
1 The Common Council of the City of Richmond, Indiana, serving as a Board in charge of the operation of the
2 Richmond Power & Light Plant, met in regular session July 16, 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, Hutton, Morris and Paust. Absent: None. The following business was had to-wit:
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6 APPROVAL OF MINUTES OF JULY 2, 1990
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8 Councilmember McBride moved to approve the minutes of the previous meeting as prepared, seconded by
9 Councilmember Morris and on unanimous voice vote the motion was carried.
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11 APPROVAL OF BILLS. INVESTMENTS AND TRANSFERS
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13
14 Bills Already Paid
15 Payroll and Deductions 194,286.49
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18 Investments Purchased :
19 Cash Operating Fund 1,200,000.00
20 Bond Sinking Fund .00
21 Utility Bond Reserve Fund 139,333.56
22 Depreciation Reserve Fund .00
23 Consumer Deposit Fund 100,000.00
24 Cash Reserve Fund .00
25 Group Insurance Fund .00
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27 Total Investments 1,439,333.56
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29 Transfers from Depreciation Reserve to:
30 Cash Operating Fund 742,213.89
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32 Transfers from Consumer Deposit to:
33 Cash Operating Fund .00
34
35 Transfers from Utility Bond Reserve Fund to
36 Bond Sinking Fund 35,250.00
37
38 Transfers from Cash Operating :
39 Interest and Bond Principal .00
40 Bond Sinking Fund .00
41 Cash Reserve Fund .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 31,237.50
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 1,093,698.93
54 Total Bills Not Paid 406.644.02
55 3,942,664.39
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.
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61 REMARKS BY CHAIRPERSON
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63 Chairperson Lundy announced she could not be in attendance at the meeting of the Executive Board.
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65 STREET LIGHT COMMITTEE REPORT
None was presented.
RP&L Minutes Cont'd
July 16, 1990
Page 2
1 UNFINISHED BUSINESS
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3 None was presented.
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5 MISCELLANEOUS BUSINESS
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7 None was presented.
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9 REPORT BY GENERAL MANAGER
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11 Mr. Delmer Cox, representing Mr. Huffman,told the Board he had no report, but would answer questions.
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13 There were no questions for Mr. Cox, but Councilmember Hankinson commented that he had received a
14 complaint on work done by RP&L and the complaint was satisfactorily handled by Mr. Barker.
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16 ADJOURNMENT
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18 There being no further business,on a motion duly made,seconded and passed the meeting was
19 adjourned.
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23 Etta Lundy, Chairperson
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28 ATTEST:
29 Mary Merchanthouse, City Clerk
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