HomeMy Public PortalAbout04-17-1989 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. APRIL 17. 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 April 17, 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 APRIL 3.1989
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9 Councilmember Hankinson 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.
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12 APPROVAL OF BILLS. INVESTMENTS AND TRANSFERS
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15 Bills Already Paid
16 Payroll and deductions 3/31/89 180,134.53
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19 Investments Purchased :
20 Cash Operating Fund 1,080,000.00
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 1,362,980.00
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29 Transfers from Depreciation Reserve:
30 Cash Operating Fund 518,205.35
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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 518,205.35
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41 Revenue Bonds 1,050.00
42 Interest Coupons Redeemed .00
43 Coupons Purchased .00
44 Miscellaneous Bills Already Paid 189,586.70
45 Total Bills Not Paid 407.850.23
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47 Grand Total of All Approved Bills 2,659,806.81
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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 Hutton and on unanimous voice
53 vote the motion was carried.
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55 REMARKS BY CHAIRMAN
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57 None were presented.
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59 STREET LIGHT COMMITTEE REPORT
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61 Councilmember Lundy asked about the proper place to request in inquiry into a turn arrow at K-Mart East and was
62 informed to present it under the Board of Works report on the Council Agenda.
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64 UNFINISHED BUSINESS
65
None.
RP&L Minutes Cont'd
April 17, 1989
Page 2
1 REPORT BY GENERAL MANAGER
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3 Mr. Huffman,General Manager, informed the Board he would present a very good financial statement at the
4 regular meeting at the Service Building, but was unable to get it published for this meeting.
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6 ADJOURNMENT
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8 There being no further business,on a motion duly made, seconded and passed the meeting was
9 adjourned.
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15 Don McBride, Chairman
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20 ATTEST:
21 Mary Merchanthouse, City Clerk
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