HomeMy Public PortalAbout12-20-1976 PROCEEDINGS OF THE COMMON COUNCIL OF THE
CITY OF RICHMOND, INDI:ANA, SERVING AS
A COMMITTEE IN CHARGE OF THE OPERATION OF THE
RICHMOND POWER & LIGHT PLANT, DECEMBER 20, 1976
1 The Conmon Council of the City of Richmond, Indiana, serving as a
2 committee in charge of the Richmond Power & Light, met in regular
3 session December 20, 1976 at the hour of 7:00 p.m. in the Municipal
4 Building of said City. Mr. Ahaus presided with the following members
5 present: Messrs. Austerman, Carter, Elstro, Merchanthouse, Mills,
6 Paust and Williams . Absent: Cornett. The following business was had,
7 to-wit:
8
9 Mr. Williams moved to approve the minutes of the previous meeting,
10 seconded by Mr. Mills and on unanimous voice vote the motion was carried.
11
12 Mr. Williams moved to approve the following bills , interest coupons ,
13 payroll and transfers , seconded by Mr. Mills and on unanimous voice vote
14 the motion was carried.
15
16 APPROVE THE FOLLOWING:
17 Bills in the amount of $422,276.35
18 Interest Coupons None.
19 1 Payroll 79,604.30
20
21 TRANSFERS FROM THE CASH OPERATING FUND TO:
22 Depreciation Reserve Fund $ 91 ,000.00
23 Cash Reserve Fund 60,000.00
24 Utility Bond Fund 68,937.47
25
26 Mr. Ahaus announced there will be an executive meeting Wednesday,
27 December 29 at 7:00 to discuss future power contract negotiations.
28
29 General Manager Irving Huffman stated that the proposed budget for the
30 year 1977 was presented a few weeks ago and a meeting has been held
31 to review the budget. Mr. Huffman feels that the 1977 budget is
111 32 much nicer in appearance than the 1976 budget. The budget is very
33 realistic and very optimistic. The optimism, however, can be met,
34 especially in the capital expenditures area. Approval of this budget
35 does not mean that that item will be bought. Any major item will
36 come to this Board for approval at a later date.
37
38 Mr. Mills moved to approve the budget as submitted, seconded by Mr.
39 Paust and on a call of the roll the following was recorded: Ayes:
40 Ahaus, Austerman, Elstro, Merchanthouse, Mills, Paust and Williams .
41 Noes: Carter. The vote being seven (7) to one (1 ) in favor of the
42 motion.
43
44 Mr. Mills moved to give the approximate 143 employees a Christmas
45 gift of $25.00, seconded by Mr. Paust and on a call of the roll the
46 following was recorded: Ayes: Ahaus, Austerman, Carter, Merchanthouse,
47 Mills , Paust and Williams . Noes: Elstro. The vote being seven (7)
48 to one (1 ) in favor of the motion .
49
50 Mr. Carter gave comments concerning the amount of dividend paid the
51 civil city and then moved RP&L increase this dividend from seven
52 hundred twenty thousand ($720,000) to one million five hundred thousand
53 ($1 ,500.000). This motion died for lack of a second.
54
55 There being no further business on motion duly made, seconded and
56 passed the meeting was adjourned.
57
58 Rick Ahaus
59 Chairman
60
61 ATTEST: JoEllen Trimble
62 City Clerk