Cash Disbursements for November 1 November 17 2006. City of Culver City I N T E R O F F I C E C O R R E S P O N D E N C E Date: To: From: Subject: November 27 2006 Honorable Mayor and City Council Crystal C. Alexander City Treasurer City Section 8 and Redevelopment Agency Registers Attached are the following check registers: CITY dates from November 1 2006 to November 17 2006; check # s 190247 191012 SECTION 8 dates from November 1 2006 to November 17 2006; check #s 76335 76354 REDEVELOPMENT AGENCY dates from November 1 2006 to November 17 2006; check #s 52597 52650 Notes: WE HEREBY RECEIVE AND FILE WARRANTS #190247 191012 #76335 76354 AND #52597 52650 ALL IN THE AMOUNT OF $10 355 662.70. By: _______________________________________ Finance and Judiciary Committee 1) City check # s 190280 190281 190872 190873 190959 and 190960 were voided. 2) City check #190352 in the amount of $175 190.38 was converted into wire. 3) Agency check #52605 in the amount of $6 529 374.38 was converted into wire. * To provide more transparent information on monetary transactions this and future warrant reports will be inclusive of payments made by the City Treasurer s Department via wire transfer (or other electronic means.) These can be identified as a pay type PN. Typically these kinds of payments are made for the following purposes: replenishing workers compensation and liability accounts; debt service payments to various banking entities on behalf of the City and RDA; investment settlement transactions (if required by custodial or trustee bank or necessary to ensure investment over night or through the weekend); escrow payments for acquisitions; payments needed on a rapid basis to ensure vendor discounts; and legal settlement payments on short term notice. If you have questions on any of these items please contact Crystal Alexander or Karen Maggio the only two individuals authorized to initiate an outgoing wire transfer. Culver City Employees take pride in effectively providing the hi...
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