HomeMy Public PortalAbout11-05-1956 208
MINUTES OF THE MEETING OF THE COMMON COUNCIL
OF THE CITY OF RICHMOND, INDIANA, SERVING AS
A COMMITTEE IN CHARGE OF THE OPERATION OF THE
MUNICIPAL ELECTRIC LIGHTING AND POWER PLANT.
NOVEMBER 5, 1956
The Common Council of the City of Richmond, Indiana, serving as a Committee in
charge of the operation of the Municipal Electric Lighting and Power Plant, met
in regular session in the Council Chambers in City Hall in said City on Monday,
November 5, 1956, at the hour of 7:00 PM (DST). Councilman Salzarulo presiding
with the following members being present: Messrs. Crum, Eastman, Hoskins, Marino,
Smithmeyer, jhomas, Vivian and Walterman. The following business was had, to-wit:
Councilman Marino moved that the minutes'of the previous meeting be approved as
published. Seconded by Councilman Crum.
Councilman Crum moved the bills be allowed. Seconded by Councilman Eastman.
The meeting was turned over to Mr. Beck who reported that the system demand for
October was 3.52% over the same period in 1955 and that the paek load was 1.84%
over the same period in 1955. •
Mr. Beck read a request from the MEL&PP employees. The request was for $150.00
to be used for expenses for a basketball team in the Commercial League. Council-
man Marino moved that this request be granted. Seconded by Councilman Walterman.
Mr. Beck presented the following figures for the 1957 budget:
Municipal Electric Lighting and Power Plant
Proposed Budget for 1957
Budget
.•
• Number Operation for 1.957
1 Steam -Power Generation $ 465,000.00
2 Transmission & Distribution 175,000.00
3 Consumption 20,000.00
4 Commercial 75,000.00
5 - Undistributed 45,000.00 .
6 General 185,000.00
7 Depreciation Reserve 15,000.00
8 Taxes - Gross Income 35,000.00
8-A Taxes - F.I.C.A. 15,000.00
9 Civil City Expense 4,000.00
10 Miscellaneous Interest 750.00 -
10-A Interest - Revenue Bonds 168,000.00
10-B Principal - Revenue Bonds 200,000.00
11 Interconnection 85,000.00
12 Fuel - Stock Account 815,900.00
13 Merchandise - Stock Account 150,000.00
Construction
14-1 Meters 25,000.00
14-2 Transformers 35,000.00
14-3 S11ort Extensions 60,000.00
14-4 Sundry Equipment & Miscellaneous 35,000.00
14-5 Underground Equipment 15,000.00
14-10 Non-Operating Payroll 15,000.00
14-23 Street Lighting _ 10,000.00
14-26 Johnson St. Station Rehabilitation 20,000.00
14-27 Whitewater Valley Station 20,000.00
14-28 Distribution Substation 30,000.00
111
14-29 Boiler Repair 15,000.00
14-30 Voltage Regulators 30,000.00
TOTAL $ 2,762,750.00
•
Councilman Eastman moved that this budget proposal be accepted. Seconded by
Councilman Marino. On voice vote, motion unaminously passed.
'Claims in the amount of $148,772.73 were allowed.
There being no further business, on motion duly made and „/sconded, the meeting
adjourned. 0 /7
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