Cash Disbursements for October 4 2008 October 17 2008. 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: October 27 2008 Honorable Mayor and City Council Jeff Muir Chief Financial Officer City Section 8 and Redevelopment Agency Registers Attached are the following check registers: CITY dates from October 4 2008 to October 17 2008; check # s 216988 217374 SECTION 8 dates from October 4 2008 to October 17 2008; check # s 79429 79437 REDEVELOPMENT AGENCY dates from October 4 2008 to October 17 2008; check # s 55207 55253 Notes: WE HEREBY RECEIVE AND FILE WARRANTS #216988 217374 #79429 79437 AND #55207 55253 ALL IN THE AMOUNT OF $5 220 212.79. By: _______________________________________ Finance and Judiciary Committee 1) City check #217005 was voided. 2) City check # s 217188 217189 and 217190 were converted into wires in the amount of $644 187.26.* 3) Redevelopment check #55227 was converted into a wire in the amount of $550 000.00.* * To provide more transparent information on monetary transactions this and future warrant reports will be inclusive of payments made by the Finance 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 the Chief Financial Officer. jg Culver City Employees take pride in effectively providing the highest levels of service to enrich the quality of life for the community by building on our tradition o...
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