HomeMy Public PortalAbout05-15-1989 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, MAY 15, 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 May 15, 1989 at the hour of 7:00 P.M. in the Municipal
3 Building in said City. Chairman McBride presided with the following Councilmembers in attendance: Elstro,
4 Lundy, Brookbank, Hankinson, Parker, Hutton, Morris and Paust. Absent: None. The following business was
5 had to-wit:
6
7 APPROVAL OF MINUTES OF MAY 1,1989
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9 Councilmember Brookbank moved to approve the minutes of the previous meeting as prepared,
10 seconded by Councilmember Hutton and on unanimous voice vote the motion was carried.
11
12 APPROVAL OF BILLS. INVESTMENTS AND TRANSFERS
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15 Bills Already Paid
16 Payroll and deductions 367,253.82
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19 Investments Purchased :
20 Cash Operating Fund 2,170,000.00
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 282.980.00
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27 Total Investments 2,170,000.00
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29 Transfers from Depreciation Reserve:
30 Cash Operating Fund .00
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32 Transfers from Cash Operating :
33 Bond Sinking Fund .00
34 Cash Reserve Fund .00
35 Utility Bond Sinking Fund .00
36 Depreciation Reserve Fund ,QQ
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38 Total Transfers .00
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41 Revenue Bonds .00
42 Interest Coupons Redeemed .00
43 Coupons Purchased .00
44 Miscellaneous Bills Already Paid 344,314.76
45 Total Bills Not Paid 268.639.83
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47 Grand Total of All Approved Bills 3,150,208.41
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51 Upon recommendation of the Finance Committee, Councilmember Elstro moved to approve the investments
52 purchased,transfers made and bills to be paid, seconded by Councilmember Hankinson and on unanimous voice
53 vote the motion was carried.
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55 REMARKS BY CHAIRMAN
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57 Chairman McBride commented on the good coverage in the Palladium Item regarding the construction of the
58 stack.
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60 STREET LIGHT COMMITTEE REPORT
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62 None
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64 UNFINISHED BUSINESS
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None.
RP&L Minutes Cont'd
May 15, 1989
Page 2
1 REPORT BY GENERAL MANAGER
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3 Mr. Huffman, General Manager, presented the Audit form from the Indiana State Board Account to be executed
4 by the Board upon completion of the audit. Mr. Huffman said the audit was completed, with a verbal exit audit and
5 no comments found in the audit.
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7 Mr. Huffman informed the Board the stack was currently at 200 ft. and at the 325 ft. level they would start work for
8 the ducts to be installed and the dampers on the boilers. He said the construction was right on schedule.
9
10 ADJOURNMENT
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12 There being no further business,on a motion duly made, seconded and passed the meeting was
13 adjourned.
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19 Don McBride, Chairman
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24 ATTEST:
25 Mary Merchanthouse, City Clerk
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