Cash Disbursements for April 19 2008 to May 2 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: May 12 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 19 2008 to May 2 2008; check # s 209804 210607 SECTION 8 dates from April 19 2008 to May 2 2008; check # s 78693 78809 REDEVELOPMENT AGENCY dates from April 19 2008 to May 2 2008; check # s 54606 54667 Notes: WE HEREBY RECEIVE AND FILE WARRANTS #209804 210607 #78693 78809 AND #54606 54667 ALL IN THE AMOUNT OF $3 130 978.22. By: _______________________________________ Finance and Judiciary Committee 1) City check # s 209820 209876 209877 210084 210135 and 210136 were voided. 2) City check # s 209998 and 209999 were converted into wires in the amount of $262 767.56.* 3) City check # s 210335 210336 210337 210338 210339 210340 210388 210389 210390 210391 210392 210393 and 210394 in the amount of $395.49 were voided. * 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 e...
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