Cash Disbursements for May 3 2008 to May 16 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: May 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 May 3 2008 to May 16 2008; check # s 210608 211189 SECTION 8 dates from May 3 2008 to May 16 2008; check # s 78810 78819 REDEVELOPMENT AGENCY dates from May 3 2008 to May 16 2008; check # s 54668 54692 Notes: WE HEREBY RECEIVE AND FILE WARRANTS #210608 211189 #78810 78819 AND #54668 54692 ALL IN THE AMOUNT OF $4 088 908.90. By: _______________________________________ Finance and Judiciary Committee 1) City check #210637 was voided. 2) City check # s 211028 211029 211030 211031 and 211032 were converted into wires/EFT in the amount of $1 256 763.20.* 3) Section 8 check #78815 was converted into a wire in the amount of $360.37.* * 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 of more than ninety ye...
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