MAY 18, 2016
The La Porte City Utilities Board of Trustees met in regular session on Wednesday, May 18, at 4:30pm. Present were Jon Barz, Shawn Mehlert, Tami Keune, Mike Johnson and Kathy Strubel. Maggie Burger was representing Speer Financial.
Mehlert made a motion to adopt the agenda, seconded by Keune. Motion passed 3-0.
Moved by Keune and seconded by Mehlert to approve the April 2016 minutes. Motion passed 3-0.
Res No. 16-07 “transfer of funds” Transfer $141,982.50 from the Electric Sinking Account to the Electric Debt Service Fund to issue payment for the interest $11,732.50 and principle $130,000.00 and Service Fee $250.00 for the Diesel Generation Project Series 2013 due June 1, 2016. Motion to accept made by Barz, seconded by Mehlert. Roll call 3-0.
Res No. 16-08 “transfer of funds” Transfer $168,502.50 from Water Base Reserve Fund to Debt Service Water Fund to issue payment for the Capital Water Project due June 1, 2016. Breakdown $124,000.00 principal, $38,145.00 interest and $6,357.50 service fee for Loan #D0179R. Motion to accept made by Barz, seconded by Mehlert.
Transfer $19,120.00 from Water Base Reserve Fund to Debt Service Water Fund to issue payment for the Capital Water Project due June 1, 2016. Breakdown $16,000.00 principal, $2,730.00 interest and $390.00 service fee for Loan #D0245R. Motion to accept made by Barz, seconded by Mehlert. Roll call 3-0.
A letter was presented to the Board from Jeff Jackson for review. After discussion, no further action will be taken.
Maggie Burger from Speer Financial provided the board with estimated preliminary figures regarding financing the upgrades to the switchgear and sub-station. This will be tabled until this fiscal year end figures will be available.
Motion was made by Mehlert and seconded by Keune to approve extended service coverage for two years on the newest generator purchased. Motion passed 3-0.
The board approved a request made to carry over two days of vacation for Mike Johnson.
A special board meeting will be held on Friday, May 27th at 4:30 pm to amend the fiscal budget 15-16.
Financial reports and disbursement were reviewed and approved.
Motion to adjourn by Keune seconded by Mehlert. Passed 3-0
Meeting adjourned at 5:15 p.m.
Kathy Strubel, Recording Secretary
APRIL 2016 DISBURSEMENTS
Acco wt chemicals $395.80
Advanced Systems maint $95.44
Aflac ins $47.72
Answer Plus phone serv $94.81
Black Hills Energy gas $166.22
Border States elect supplies $101.44
Caseys gas $43.26
Cedar Valley Bank taxes/fed/schrg $8,434.21
City Laundry laundry $399.67
City of LPC Payback Mar/Apr $4,452.86
Compass Business supplies $984.70
Data Technology Spring conference $170.00
Delta Dental Ins $306.04
Ditch Witch Financial lease pmt $3,405.00
East Central Coop gas $326.02
Fidelity Life ins $62.53
Fletcher Reinhard supplies $559.48
Future Line service body $8,015.50
Hach Co. chemicals $273.02
IAMU fees $125.00
Ia Dept Revenue sales tax $5,558.00
Ia Utility Board 2016 Direct $1,753.68
Ia Workforce u/e tax $56.80
Ipers Ipers $3,846.20
Keyston Lab wt test $48.00
Kriz Davis Co Supplies $448.81
La Porte Motor Supply supplies $140.81
Lpc Connect phone serv $401.26
LPC Insurance general ins $47,181.00
LPC Post Office billing postage $243.95
Lpc Printing supplies $382.59
Lpc Utilities inter-dept $2,721.72
Lyons, Sedona dep ref $68.00
Matthes, Bill reimburse $20.00
Metering & Tech Sol. supplies $7,269.56
MetLife ins prem $132.60
Nancy Olson reimburse $21.29
Peters Construct plant ceiling $9,495.00
Resale Power power purchase $64,404.99
Shermco consult fee $22,672.50
Speer Financial filing fee $325.00
Stika Casey reimburse $20.00
Urb’s Hardware supplies $41.37
Van Meter Inc supplies $4,582.96
Van Wert meters $5,232.30
Wellmark ins prem $6,824.14
Wesco supplies $2,354.00
ELECTRIC & PAYROLL $188,773.65
WATER $44,007.00
GRAND TOTAL $232,780.65
APRIL 2016 REVENUE ELECTRIC $160,882.61
WATER $47,132.86
INTEREST $21.57
TOTAL REVENUE $208,037.04