NOVEMBER 9, 2016
The La Porte City Utilities Board of Trustees met in regular session on Wednesday, November 9th, at 4:30pm. Present were Jon Barz, Shawn Mehlert, Mike Johnson, Bill Matthes and Kathy Strubel.
Mehlert made a motion to adopt the agenda, seconded by Barz. Motion passed 2-0.
Moved by Mehlert and seconded by Barz to approve the October 2016 minutes. Motion passed 2-0.
The Board reviewed the Preliminary Official Statement and approved Resolution 16-18 “Resolution Authorizing the Use of a Preliminary Official Statement for the Sale of Bonds” Barz made the motion to approve, seconded by Mehlert. Motion passed 2-0. A special board meeting was scheduled for Tuesday, November 22nd at 4:30 to award the bonds. Speer Financial will attend this meeting.
Res No. 16-19 “transfer of funds” Transfer $11,170.00 from the Electric Sinking Account to the Electric Debt Service Fund to issue payment for the interest $10920.00 and Service Fee $250.00 for the Diesel Generation Project Series 2013 due December 1, 2016. Motion to accept made by Barz, seconded by Mehlert. Roll call 2-0.
Res No. 16-20 “transfer of funds” Transfer $36,285.00 from Water Base Reserve Fund to Debt Service Water Fund to issue payment for the Capital Water Project due December 1, 2016. Breakdown $36,285.00 interest for Loan #D0179R. Motion to accept made by Barz, seconded by Mehlert.
Transfer $2,960.00 from Water Base Reserve Fund to Debt Service Water Fund to issue payment for the Capital Water Project due December 1, 2016. Breakdown $2,590.00 interest and $370.00 service fee for Loan #D0245R. Motion to accept made by Barz, seconded by Mehlert. Roll call 2-0.
Resolution 16-21 “Resolution authorizing transfer of funds” Transfer $104,522.49 from the Electric Checking to the Capital Electric Improvement fund in the money market for the purpose of electric capital project/improvements. Motion made by Barz, seconded by Mehlert. Roll call 2-0.
Resolution #16-22 “Resolution authorizing transfer of funds” Transfer $101,522.49 from Electric Capital Improvement Fund in money market to the Electric checking account for payment of the invoice for the Capital Project Underground 2016. Motion made by Barz, seconded by Mehlert. Roll call 2-0.
Resolution #16-23 “Public Utility Easement” for the Dollar General Store. Motion made by Barz, seconded by Mehlert. Motion passed 2-0.
Resolution #16-24 “Designation of Authorized Representative” Appointing Mike Johnson as primary representative for RPGI and appointed William Matthes as first alternate. Motion made by Barz, seconded by Mehlert. Roll call 2-0.
The Board approved Casey Stika to transfer 40 hours from his sick time to vacation time for his upcoming wedding.
Board approved to participate in the lighting contest for this winter. Top 10 participants will receive a $20.00 credit toward their electrical bill.
The Board approved the Holiday schedule for Thanksgiving, Christmas and New Years. November 24th and 25th the Utility Office will be closed. December 23rd, the office will close at 12:00. December 26th, the Utility Office will be closed. December 30th, the office will close at 12:00. January 2nd the Utility Office will be closed.
Financial reports and disbursement were reviewed and approved.
Motion to adjourn by Barz seconded by Mehlert. Passed 2-0
Meeting adjourned at 5:00 p.m.
Kathy Strubel, Recording Secretary
OCTOBER 2016 DISBURSEMENTS
AFLAC ins prem $47.72
Altorfer gen maint $9,203.07
Answer Plus anwser serv $94.81
BerganKdv server agrmnt $200.00
BMC Aggregates LC supplies $880.24
Caseys gas $66.69
Cedar Valley Bank fed/fica/tax $8,763.32
City Laundry laundry $369.33
Compressed Air supplies $36.39
Deposit refund refund $1,199.00
East Central Co-op gas/salt $422.99
Fleshner Stacie rebate $200.00
Fletcher Reinhardt supplies $945.19
Ia DNR permit fee $66.00
Ia Dept Rev & Fin sales tax $6,595.00
Ia Workforce u/e tax $24.06
Ipers Ipers $4,027.30
Keyston Lab wt test $24.00
LPC Motor maint $30.73
Latham & Asso. rate study $16,597.20
LPC Connect phone ser $405.38
LPC Post Office billing $285.55
LPC Printing publications $797.65
LPC Utilities interdept $223.00
Monkeytown supplies $243.43
Metering & Tech supplies $2,746.63
Motorhead maint of truck $181.42
Pittsburg Tank tower inspection $675.00
Resale Power power $81,193.27
Shermco-substation
engineering $3,300.00
Thriftyway supplies $10.65
Van Meter lights $58.23
Van Wert meters $635.58
Electric & Payroll $149,208.39
Water Totals $12,104.81
GRAND TOTAL $161,313.20
OCTOBER 2016 REVENUE
Electric $167,016.61
Water $47,055.48
Interest $19.37
Grand Total $214,091.46