Cash Disbursements for February 2 2008 through February 15 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: February 25 2008 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 2 2008 to February 15 2008; check # s 206912 207446 SECTION 8 dates from February 2 2008 to February 15 2008; check # s 78416 78427 REDEVELOPMENT AGENCY dates from February 2 2008 to February 15 2008; check # s 54317 54350 Notes: WE HEREBY RECEIVE AND FILE WARRANTS #206912 207446 #78416 78427 AND #54317 54350 ALL IN THE AMOUNT OF $3 555 377.59. By: _______________________________________ Finance and Judiciary Committee 1) City check # s 207178 and 207409 were voided. 2) City check #207079 was converted into a wire in the amount of $194 396.69.* * 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 ...
Click here for full text