HomeMy Public PortalAbout11-04-1985 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, NOVEMBER 4, 1985
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 November
3 4, 1985 at the hour of 7:00 P.M. in the Municipal Building in said City. Chairperson
4 Morris presided with the following members present: Councilmanbers Elstro, Williams,
5 Brookbank, Hankinson, Whitesell, Parker, Bodiker and Lemoine. Absent: None. The
6 following business was had to-wit:.
7
8 APPROVAL OF MCNUf'ES OF OCTOBER 21, 1985
9
10 Councilmember Hankinson moved to approve the minutes of the previous meeting as prepared,
11 seconded by Councilmember Brookbank and on unanimous voice vote the motion was
12 carried.
13
14 APPROVAL OF BTTTS, TRANSFERS AND INVESTMENTS
15
16 Councilmember Whitesell reported the Finance Committee had inspected the bills already
17 paid, transfers made and investments purchased and moved they be approved as follows,
18 seconded by Councilmember Lemoine and on unanimous voice vote the motion was carried.
19
20 Bills Already Paid:
21 Payroll and Deductions of 10/18/85 158,031.12
22
23 Transfers from Cash Operating Fund to:
24 Utility Bond Sinking Fund 70,688.54 •
25 Depreciation Reserve Fund 91,000.00
26 Cash Reserve Fund 144,094.50
27 Total Transfers 305,783.04
28
29 Investments from:
30 Cash Operating Fund 1,005,000.00
31 Consumer Deposit Fund 175,000.00
32 Utility Bond Sinking Fund 141,377.09
33 Depreciation Reserve Fund 1,207,895.00
34 Cash Reserve Fund 428,196.95
35 Utility Bond Reserve Fund 1,160,620.00 .
36 Total Investments 4,118,089.04
37
38 Miscellaneous Bills Already Paid 287,918.32
39
40 Total Bills Already Paid 4,869,821.52
41
42 Councilmember Whitesell reported that the Finance Committee recommended that unpaid
43 bills in the amount of 574,371.35 be approved for payment, seconded by Councilmember
44 Lemoine and on unanimous voice vote the motion was carried.
45
46 Grand total of all approved bills was 5,444,192.87.
47
48 REMARKS BY GENERAL CHAIRPERSON
49 •
50 Chairperson Morris reminded the Board of the regularly scheduled meeting on November
51 25, 1985 at 7:00 P.M. at the Service Building. Major item of discussion will be
52 the 1986 budget.
53
54 Chairperson Morris also announced a preliminary budget session on November 11, 1985
55 at 7:00 P.M. at the Service Building.
56
57 NEW BUSINESS
58
59 RESOLUTION NO. 4-1985
60
61 A RESOLUTION APPROVING COMPENSATION OF EMPLOYEES OF RICHMOND, POWER AND LIGHT AND
62 MATTERS RELATED THERETO.
63
64 Coucilmember Hankinson moved for adoption of Resolution No. 4-1985, seconded by
65 Councimember Williams and on the following call of the roll Resolution No. 4-1985
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