HomeMy Public PortalAbout08-05-1985 •
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PROCEEDINGS OF THE COMMON COUNCIL OF THE .
CITY OF RICEID, INDIANA, SERVING AS A BOARD
IN CHARGE OF THE OPERATION OF THE RICHMOND POWER
& LIGHT PLANT, .AUGUST 5, 1985 •
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1 The Cormon 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 August
3 5-; 1985 at the. hour of 7:00 P.M.. in the 'Municipal -Building in said City. . Chairperson
I4 Morris presided with the. following members .present: Councilmembers Elstro.;.. Williams,
5 Brookbank, Hankinson, Whitesell, Parker, Bodiker and Lemoine. Absent: none.
6 The following business was had to-wit: . .
7 .
8 APPROVAL OF yTNUTES .OF JULY 15, 1985_
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10. Councilmember Hankinson moved'to approve the minutes of the previous meeting as
11 prepared,' seconded -by Councilmenber. Brookbank and on unanimous voice vote the
12 motion was carried. ' .
13,.
14 APPROVAL OF BTh S, TRANSFERS AND INVESTMENTS . .
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15 . . - .
16_ Councilmember Whitesell stated the Finance Committee had gone over the bills already
17 .paid, transfers made and investments purchased and found them to be in order and
18 so moved for approval as follows, seconded by Councilmember Hankinson and on unanimous
19 -voice vote the motion was carried. , .
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21 Bills Already Paid . ' '
22 . • Payrolls _and deductions for 7/12/85 and 7/26/85* 316,613.64 -
24 . Transfers fturi Cash Operating Fund to:
25 Utility Bond Sinking Fund • 70;688.55 .
26 Depreciation Reserve Fund. . . 91,000.00
27 Cash Reserve Fund 144,094.50
ill28 Total Transfers 305,783.05
29 . .
30 Investments Purchased from:
31 Depreciation Reserve Fund . 1,189,652.60
32 Cash Operating Fund 2,278,570.40
33 Uitlity Bond Sinking Fund . 70,688.55
34 Cash 'Reserve Fund 412,686:50 .
35 • Consumer Deposit Fund 175,000.00 .
36 Utility Bond Reserve Fund ' 1,136,230.00
37 Total Investments 5,262,828.05
38 . , . .
39 Bond Principal and Coupons Redeemed 15,175.00
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. 41 Miscellaneous Bills Already .Paid 1,061,456.76
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43 . Total Bills Already Paid • 6,961,865.50
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45 Councilmember Whitesell stated the Finance Committee had inspected bills unpaid
46 and moved that bills in the amount of 1,160,010.38 be approved for payment,
47 seconded by Councilmember Hankinson and on unanimous voice vote the motion was
48 carried. . •
49
50 REPORT FROM THE CHAIRPERSON
51 . .
52 Chairperson Morris reminded the Board of the regularly scheduled meeting at the
53 service building on August 26, .1985 at 7:00 P.M. Agenda items should be in by
54 'August 21, 1985.
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. 56 STREET LIGHT COMMITTEE
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58 Councilmember Bistro reported he had one request in Councilmember Hankinson's
59 District and he was working on it.
60
61 REPORT FROM GENERAL MANAGER
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63 General Manager Huffman told the Board that he would like to stress that customers
64 of RP&L are welcome to cane to him 'or others with questions or problems. He said
65 it is the public's utility and encourages questions for a better informed public.
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RP&L Minutes Cont'd
• August 5., 1985
Page 2
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1 Councilmember Lemoine commented she agrees and is glad that the RP&L management
2 is .open to questions. She asked Mr. Huffman about a letter to Mr. Lingle regarding
3 the program established contacting businesses and industries to assure consumer
4 awareness and would he be able to present more specifics at the next 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
9 meeting was adjourned.
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12 Lynn Nepote Morris, Chairpeson
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15 ATTEST:
16 Mary Merchanthouse, City Clerk
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