Cash Disbursements for February 3 2007 to February 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: February 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 February 3 2007 to February 15 2007; check # s 192843 193399 SECTION 8 dates from February 3 2007 to February 15 2007; check # s 76777 76785 REDEVELOPMENT AGENCY dates from February 3 2007 to February 15 2007; check # s 52980 53024 Notes: WE HEREBY RECEIVE AND FILE WARRANTS #192843 193399 #76777 76785 AND #52980 53024 ALL IN THE AMOUNT OF $4 144 915.02. By: _______________________________________ Finance and Judiciary Committee 1) City check # s 192880 192881 192882 193129 193130 193131 193329 and 193346 were voided. 2) City check # s 193177 and 193178 were converted into wires in the amount of $1 583 947.42.* 3) Agency check # s 52999 and 53004 in the amount of $6 267.18 were voided. * 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 ...
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