Cash Disbursements from June 16 to June 29 2007. 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: July 23 2007 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 June 30 2007 to July 13 2007; check # s 198452 198714 SECTION 8 dates from June 30 2007 to July 13 2007; check # s 77462 77471 REDEVELOPMENT AGENCY dates from June 30 2007 to July 13 2007; check # s 53555 53608 Notes: WE HEREBY RECEIVE AND FILE WARRANTS #198452 198714 #77462 77471 AND #53555 53608 ALL IN THE AMOUNT OF $4 011 949.39. By: _______________________________________ Finance and Judiciary Committee 1) City check # s 198579 198624 and 198632 were voided. 2) City check #198631 in the amount of $2 097.48 was voided. 3) City check # s 198452 and 198453 were converted into wires in the amount of $254 178.37.* * 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. jg Culver City Employees take pride in effectively providing the highest levels of service to enrich the quality ...
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