Cash Disbursements from June 2 to June 15 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: June 25 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 June 2 2007 to June 15 2007; check # s 197389 197784 SECTION 8 dates from June 2 2007 to June 15 2007; check # s 77328 77337 REDEVELOPMENT AGENCY dates from June 2 2007 to June 15 2007; check # s 53442 53501 Notes: WE HEREBY RECEIVE AND FILE WARRANTS #197389 197784 #77328 77337 AND #53442 53501 ALL IN THE AMOUNT OF $3 542 015.35. By: _______________________________________ Finance and Judiciary Committee 1) City check # s 197505 and 197700 were voided. 2) City check # s 197389 197611 and 197612 were converted into wires in the amount of $674 914.07.* * 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 th...
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