Cash Disbursements for August 16 2008 August 29 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: September 8 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 August 16 2008 to August 29 2008; check # s 215009 215825 SECTION 8 dates from August 16 2008 to August 29 2008; check # s 79195 79304 REDEVELOPMENT AGENCY dates from August 16 2008 to August 29 2008; check # s 55032 55089 Notes: WE HEREBY RECEIVE AND FILE WARRANTS #215009 215825 #79195 79304 AND #55032 55089 ALL IN THE AMOUNT OF $6 869 550.16. By: _______________________________________ Finance and Judiciary Committee 1) City check # s 215036 215037 215038 215081 215586 and 215711 were voided. 2) City check # s 215005 215006 215007 and 215008 were converted into wires in the amount of $4 741 322.36.* * 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 years of public ser...
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