Cash Disbursements from September 15 to September 28 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: October 8 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 September 15 2007 to September 28 2007; check # s 201301 201620 SECTION 8 dates from September 15 2007 to September 28 2007; check # s 77750 77873 REDEVELOPMENT AGENCY dates from September 15 2007 to September 28 2007; check # s 53819 53882 Notes: WE HEREBY RECEIVE AND FILE WARRANTS #201301 201620 #77750 77873 AND #53819 53882 ALL IN THE AMOUNT OF $7 626 139.20. By: _______________________________________ Finance and Judiciary Committee 1) City check # s 201338 and 201428 were voided. 2) City check # s 201408 and 201409 were converted into wires in the amount of $337 854.77.* 3) Agency check # s 53834 53881 and 53882 were converted into wires in the amount of $4 730 633.00.* * 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 ...
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