Cash disbursements for October 16 October 31 2006. 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: November 13 2006 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 October 16 2006 to October 31 2006 check # s 189924 190246 SECTION 8 dates from October 16 2006 to October 31 2006; check #s 76206 76334 REDEVELOPMENT AGENCY dates from October 16 2006 to October 31 2006 check #s 52541 52596 Notes: WE HEREBY RECEIVE AND FILE WARRANTS #189924 190246 #76206 76334 AND #52541 52596 ALL IN THE AMOUNT OF $2 040 419.02. By: _______________________________________ Finance and Judiciary Committee 1) City check # s 190027 and 190037 in the amount of $1 009.57 were voided. 2) Agency check #52553 and 52571 in the amount of $1 317 773.94 were converted into wires. * 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. Culver City Employees take pride in effectively providing the highest levels of service to enrich the quality of life for the community ...
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