Cash Disbursements for March 3 2007 to March 16 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: March 26 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 March 3 2007 to March 16 2007; check # s 193729 194118 SECTION 8 dates from March 3 2007 to March 16 2007; check # s 76913 76922 REDEVELOPMENT AGENCY dates from March 3 2007 to March 16 2007; check # s 53097 53132 Notes: WE HEREBY RECEIVE AND FILE WARRANTS #193729 194118 #76913 76922 AND #53097 53132 ALL IN THE AMOUNT OF $2 431 202.21. By: _______________________________________ Finance and Judiciary Committee 1) City check # s 193859 and 193860 were voided. 2) City check #193917 was converted into a wire in the amount of $148 690.48.* * 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 of life for the community by building on our tradition of more than seven...
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