Cash Disbursements for April 5 2008 to April 18 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: April 28 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 April 5 2008 to April 18 2008; check # s 209378 209803 SECTION 8 dates from April 5 2008 to April 18 2008; check # s 78682 78692 REDEVELOPMENT AGENCY dates from April 5 2008 to April 18 2008; check # s 54566 54605 Notes: WE HEREBY RECEIVE AND FILE WARRANTS #209378 209803 #78682 78692 AND #54566 54605 ALL IN THE AMOUNT OF $2 859 389.42. By: _______________________________________ Finance and Judiciary Committee 1) City check # s 209394 209500 209509 and 209510 were voided. 2) City check # s 209375 209376 and 209377 were converted into wires in the amount of $437 152.19.* * 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 Karen Maggio the only individual 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 seventy...
Click here for full text