SEPTEMBER 12, 2017

VINTON MUNICIPAL ELECTRIC UTILITY BOARD MEETING
SEPTEMBER 12, 2017
A regular meeting of the Vinton Municipal Electric Board of Trustees was held on the 12th day
of September, 2017, at 5:00 p.m., at the Line Distribution Office, Vinton, Iowa. Chairman
Woodhouse presided and the roll being called the following board members were present and
absent: Present: Anderson, Barron, Kremer, Woodhouse. Absent: Elwick. Also present, Kurt
Karr, Kim Meyer and Jason Hicok.
Motion by Barron, second by Anderson to approve the minutes of the August 17, 2017
meeting. Question: Yes – All. The Chairman declared the motion carried.
Motion by Woodhouse, second by Kremer to approve invoices in the amount of $276,467.36.
Question: Yes – All. The Chairman declared the motion carried.
Motion by Barron, second by Kremer to approve the agenda. Question: Yes – All. The
Chairman declared the motion carried.
Elwick joined the meeting.
Kurt Karr, iVinton committee chairman, talked about the feasibility study received from Farr
Technologies. The committee recommends further exploration of SmartGrid technologies, longterm
impact for economic development and to seek the best business partner. They also will be
asking residents and businesses what services they are using and how much those services cost.
The committee will also check on possible financing options. The costs for this study so far are
approximately $47,300, less than the estimated $60,000.
General Manager Richtsmeier said that the generation plant employee off duty on work-comp
is now restricted to lifting two pounds. When the restriction is increased to ten pounds, the
employee will be able to come back to light-duty work. He is receiving medical reports on the
employee.
Motion by Barron, second by Woodhouse to approve an energy adjustment factor of .0094
cents per kWh for September billings. Question: Yes – All. The Chairman declared the motion
carried.
Motion by Kremer, second by Anderson to receive and file the August revenue and
expenditure report. Question: Yes – All. The Chairman declared the motion carried.
AUGUST 2017
Begin.
Balance Revenues Expenses
Transfers
In/Out
End.
Balance
Operating 3,372,558.15 435,504.74 469,990.95 -45,000.00 3,293,071.94
Capital
Improvement 2,189,505.36 281.56 0.00 45,000.00 2,234,786.92
Self Insurance 750,000.00 0.00 0.00 0.00 750,000.00
6,312,063.51 435,786.30 469,990.95 0.00 6,277,858.86
General Manager Richtsmeier stated a customer has requested to remove a security light from
their property on E 15th Street.
General Manager Richtsmeier reported on: 1) Line crew working on upgrades to Riverside
Drive and in Bascom’s Addition. 2) 34.5/69 kV conversion has been completed. 3) Attended a
FEMA flood meeting. They discussed cost estimates and options for relocation, permanent
pumping stations and sidewalk. 4) Received $7,438.38 reimbursement from the state for flood
expenses. 5) The safety training was cancelled last month.
Secretary reported on the cycle 2 billing error for August. The new rates were changed in the
rate tables. With the new rates, the base energy adjustment factor was increased. This should
make the monthly fuel adjustment factor to be lower. In the billing process the energy cost
adjustment is typically set once a month and it was overlooked to adjust this factor before the
second billing cycle in August. A credit will be applied to these accounts.
Motion by Barron, second by Woodhouse to adjourn the meeting. Question: Yes – All. The
Chairman declared the motion carried. Time: 6:18 p.m.
_____________________________
Dr. Alan S. Woodhouse Chairman
Attest: _______________________
Cindy Michael Secretary