HomeMy Public PortalAbout03-03-1986 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, MARCH 3, 1986
1 The Common Council of the City' of Richmond, Indiana, serving as a Board in charge
2 of the operation of the Richmond Power & Light Plant, met in regular session Marchr: 5
3 3, 1986 at the hour of 7:00 P.M. in the Municipal Building in said City. Chairperson
4 Elstro presided with the following Councilmembers present: Williams, Brookbank,
5 Hankinson, Whitesell, Parker, Bodiker, Hutton and Morris. Absent: None. The
6 following business was had to-wit:
7
8 APPROVAL OF MINUTES OF FEBRUARY 18, 1986
9
10 Councilmember Williams moved to approve the minutes of the previous meeting as prepared,
11 seconded by Councilmemer Hankinson and on unanimous voice vote the motion was
12 carried.
13
14 APPROVAL OF BILLS, TRANSFERS AND INVESTMENTS
15
16 Upon recommendation of the Finance Committee, Councilmember Parker moved to approve
17 the bills already paid, transfers made and investments purchased as follows, seconded
18 by Councilmember Whitesell and on unanimous voice vote the motion was carried.
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20 Bills' Already Paid: 2. 2. / I -
21 Payroll and Deductions 2/21/86 156,310.08
22
23 Transfers from Cash Operating Fund
24 Cash Reserve Fund 144,094.50
25 Utility Bond Sinking Fund 71,521.88
26 Depreciation Reserve Fund 91,000.00
27 Total Transfers 306,616.38
28
III29 Investments Purchased from:
30 Depreciation Reserve Fund 711,505.62
31 Bond Reserve Fund 98,765.75
32 Cash Reserve Fund 144,094.50
33 Cash Operating Fund 1,277,002.25
34 Utility Bond Sinking Fund 71,521.88
35 Total Investments 2,302,890.00
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37 Bonds and Coupons Redeemed 9,700.00
38
39 Miscellaneous Bills-Already Paid 931,470.63
40 ,
41 Total Bills Already Paid 3,706,987.09
42
43 Upon approval of the Finance Committee, Councilmember Parker moved to pay unpaid
44 bills in the amount of 795,278.98, seconded by Councilmember Hankinson and on
45 unanimous voice vote the motion was carried.
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47 Grand total of all approved bills is 4,502,266.05.
48
49 REMARKS BY CHAIRMAN
50 ,
51 Chairman Elstro reminded the Board of the regular meeting of the Executive Board
52 March 24, 1986 at the Service Building at 7:00 P.M.
53
54 REPORT BY GENERAL MANAGER
55 .
56 General Manager Huffman commented to the Council on his Administrative Assistant,
57 Becky Wampole, and others at RP&L giving information session to school
58 children and the difficulty in understanding the amount of energy in a KWH and the
59 cost of a KWH to run appliances . Mr. Huffman gave the Council an example of a
60 meaningful description that could be used comparing the amount of energy a man would
61 exert to parallel the amount of energy in a KWH.
62
63 Mr. Huffman stated that the cost of a KWH for RP&L customers was 4.875c compared to
64 5.219c last year. He indicated this was- do to the rate tracking mechanism.
65 Mr. Huffman added that RP&L was an.excellent facility, with low rates and no
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RP&L Minutes Cont'd
March 3, 1986
Page 2
1 intentions of raising rates at this time.
2
3 ADJOURNMENT
4
5 There being no further business, on a motion duly made, seconded and passed the
6 meeting was adjourned.
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10 Howard J. Elstro, Chairman
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13 ATTEST:
14 Mary Merchanthouse, City Clerk
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