HomeMy Public PortalAbout06-20-1983 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, JUNE 20, 1983
•
1 The Common Council of the City of Richmond, Indiana, serving as a Board in
2 charge of the operation.:of the Richmond Power & Light Plant, met in regular
3 session June 20, 1983 at the hour of 7 :00 p.m. in the Municipal Building of
4 said City. Chairman .Welch presided with the following members present;
5 Messrs. Elstro, Williams, Ms. Henry, Hankinson, Mills,, Parker, Carter and
6 Paust. . The following business was .had, to-wit
7
8 APPROVAL OF MINUTES OF JUNE 6, '1983
9
10 Councilman Mills moved the minutes of the previous meeting be. approved as
11 published, seconded by Councilman Hankinson and on unanimous voice vote the
12 motion was carried.
13
14 APPROVAL OF BILLS
15
16 Councilman Hankins.on moved to approve the bills, payroll and transfers as
17 listed on the agenda, seconded by Councilman Carter and on unanimous voice
18 vote the motion was carried.
19 •
20 . Approve the following •
21 Bills in the amount of 869,271.32
22 Bonds & Interest Coupons - 0 -
23 2 Payrolls 259,882.03
24
25 Transfers from Cash Operating Fund
26 Cash Reserve Fund 91,162.75
• 27 Bond Sinking Fund • 70,423.53
28
29 Transfers from Depreciation Reserve Fund
30 Cash Operating Fund ' 211,612.52
III 31
32 Investments Purchased
33 ' Depreciation Reserve Fund 733,309.71 •
34 Bond Reserve Fund 605,163.00
35 Cash Operating Fund 2,611,506.45
36 Bond Sinking Fund 211,270.63
37, Cash Reserve Fund 511,926.7.5
38
39 REMARKS BY CHAIRMAN
40
41 Chairman'Welch announced the next'meeting of the Board would be June 27th at
42 'RP&L at 7 :00 p.m.
43 •
44 CHANGE MEETING DATE
45
46 Chairman Welch announced the next regularly scheduled meeting would be held
47 on Tuesday,• July 5th instead of July 4.
48
49 REPORT BY GENERAL MANAGER
50 . .-
51' Mr. Huffman explained to the Board that in the past., we purchased power from
52 I&M and also. generated. some. Now we sell anything we generate to .IMPA and
53 buy entirely back from IMPA. We thought it best, since we are five months
54 into the year, to continue reporting it on our monthly reports as we have.
III55 Next year's report will show the same reporting methods.. Now you have to
56 factor out the interconnecting sale with- the total in order to come up with
57 what our system sale was. All the' agencies are operating and all the metering
58 is coming directly to us except Rensselaer and it is hopeful they will be on
59 line this week. We probably know .more about their loads than they do except
60 for the -generators, Crawfordsville and Logansport.. He stated we have had 'some
61 swings in our rate tracking; however, there are no dollars coming to us as .
62 profit. We are just receiving money to compensate for actual increases or
63 decreases.
RP&L Minutes Cont'd..
June 20, 1983
Page 2
1 Councilman Mills stated he had received complaints regarding the increase
2 in the bills. He said he realizes you are not allowed to put fuel clause and
3 rate adjustments on the bills.
4
5 Mr. Huffman answered.Chairman Welch's question about stack repair saying it
6 has been done and saved a considerable amount of money. $75,000 had been
7 budgeted, and they made about a $60,000 savings.
8
9 Chairman Welch said a meeting has been scheduled in the Board of Works room
10 for June 29, 1983 at 11:00 a.m. to discuss traffic lighting with the state.
11 Any members of Council wishing to sit in will be welcome.
12 _
13 ADJOURNMENT
14
15 There being no further business on motion duly made, seconded and passed the
16 meeting was adjourned.
17
18 ' Bing Welch
19 Chairman
20
21 ATTEST: Nancy V. Beach
22 Deputy City Clerk