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HomeMy Public PortalAbout12-18-1989 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 18, 1989 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 December 18, 1989 at the hour of 7:00 P.M. in the 3 Municipal Building in said City. Chairman McBride presided with the following Councilmembers in attendance: 4 Elstro, Lundy, Brookbank, Hankinson, Parker, Hutton, Morris and Paust. Absent: None. The following 5 business was had to-wit: 6 7 APPROVAL OF MINUTES OF DECEMBER 4. 1989 8 9 Councilmember Hankinson moved to approve the minutes of the previous meeting as prepared, 10 seconded by Councilmember Paust and on unanimous voice vote the motion was carried. 11 12 APPROVAL OF BILLS. INVESTMENTS AND TRANSFERS 13 14 15 Bills Already Paid 16 Payroll and deductions 194,924.39 17 18 19 Investments Purchased : 20 Cash Operating Fund 105,000.00 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 Insurance Reserve Fund .00 27 28 29 Total Investments 2,532,760.00 30 Transfers from Depreciation Reserve to: 31 Cash Operating Fund .00 32 33 Transfers from Utility Bond Reserve Fund to: 34 Bond Sinking Fund .00 35 36 Transfers from Cash Operating 37 Bond Sinking Fund .00 38 Cash Reserve Fund .00 39 Utility Bond Sinking Fund .00 40 Depreciation Reserve Fund .00 41 Insurance Reserve Fund .00 42 Total Transfers 43 44 45 Revenue Bonds .00 46 Interest Coupons Redeemed .00 47 Coupons Purchased .00 48 Miscellaneous Bills Already Paid 147,202.11 49 Total Bills Not Paid 532,387.78 50 51 Grand Total of All Approved Bills 1,924,514.28 52 53 54 55 Upon recommendation of the Finance Committee, Councilmember Elstro moved to approve the investments 56 purchased,transfers made and bills to be paid, seconded by Councilmember Hankinson and on unanimous voice 57 vote the motion was carried. 58 59 REMARKS BY CHAIRMAN 60 61 Chairman McBride commented that the decision by RP&L to decorate the stack was very good and he had 62 received a lot of compliments. 63 64 STREET LIGHT COMMITTEE REPORT 65 None was presented. RP&L Minutes Cont'd December 18, 1989 Page 2 1 REPORT BY GENERAL MANAGER 2 3 General Manager, Irving Huffman told the Board that he had also received a lot of nice compliments on the lights 4 on the stack and they hope to do more with the top next year. 5 6 Mr. Huffman submitted a copy of the 1990 proposed budget to the Council and requested approval. He said the 7 Board had gone over the budget a couple of times and he felt it was a good healthy budget with a lot of the items 8 based on activities such as the East Main Street project and the Hills Pet Food Products. Mr. Huffman 9 commented that the business climate in Richmond was better than it had ever been in the history of Richmond 10 and RP&L has the facilities to support the growth in the community as well as handle what is already in place. 11 12 Mr. Huffman stated that the budget represents both operating and capital items and the management will continue 13 to come to the Board for individual approval of capital items over 25,000.00. 14 15 Chairman McBride told Mr. Huffman that the Board appreciated the management of the plant and that after 16 consideration by the Board they still had some questions over the budget item Disaster Recovery. 17 18 Mr. Huffman explained to the Board that he discussed that with the Management Information Systems 19 Department and found that the greatest is not disaster recovery, but to speed up the existing computer 20 equipment. He said the system will somewhat duplicate what we have in case we loose the existing hardware 21 which almost happened a couple of weeks ago. He said this instance did prove there is potential for disaster with 22 the existing equipment. 23 24 Mr. Huffman said the new equipment will not sit idle, but will be programmed and used to test since the current 25 system is unable to run testing as long as they would like. He explained that when they do testing with the 26 equipment it tends to slow down the other uses. He said the equipment will have two priorities with disaster back 27 up and to speed up utilization of existing equipment. 28 29 Councilmember Brookbank moved to amend the 1990 proposed budget and remove the budget category of 30 Disaster Recovery. The motion was seconded by Councilmember Elstro. 31 32 Councilmember Paust asked about maintenance cost of the proposed new equipment and Mr. Huffman told the 33 Board it would not be more than 10,000. 34 35 Councilmember Elstro stated that he heard it would be more than that and that it would take a special room at the 36 Johnson Street Station to house the equipment. 37 38 Mr. Huffman said it would take no special room, since it was not that big of a unit. He said if it were placed at the 39 8th Street office it would take no special arrangements and if it were at Johnson Street it would take an air 40 conditioner and would require no additional employees. 41 42 Councilmember Hutton asked if the software was included and Mr. Huffman said it was and it required no special 43 software only what they are now using. 44 45 The motion to delete the Disaster Recovery budget item was passed on the following call of the roll: 46 47 Ayes: Elstro, Lundy, Brookbank, Parker, Hutton and McBride (6) 48 Nays: Hankinson, Morris and Paust (3) 49 50 Councilmember Hankinson moved to approve the 1990 Budget as amended. The motion was seconded by 51 Councilmember Elstro and adopted on the following call of the roll: 52 53 Ayes: Elstro, Lundy, Brookbank, Hankinson, Parker, Hutton, Morris, Paust and McBride (9) 54 Nays: None 55 56 Mr. Huffman thanked the Board for their time and consideration with the budget and wished all a very merry 57 Christmas. 58 59 Chairman McBride returned the greetings of the season to Mr. Huffman and the employees of RP&L. 60 61 FINANCE COMMITTEE REPORT 62 63 Councilmember Hankinson requested that the Finance Committee arrange to meet early in 1990 to review 64 minimum cash reserve accounts for RP&L. 65 ADJOURNMENT There being no further business, on a motion duly made, seconded and passed the meeting was adjourned. Don McBride, Chairman ATTFCT.