Cash Disbursements for July 5 to 18 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: July 28 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 July 5 2008 to July 18 2008; check # s 213197 213570 SECTION 8 dates from July 5 2008 to July 18 2008; check # s 79063 79074 REDEVELOPMENT AGENCY dates from July 5 2008 to July 18 2008; check # s 54877 54920 Notes: WE HEREBY RECEIVE AND FILE WARRANTS #213197 213570 #79063 79074 AND #54877 54920 ALL IN THE AMOUNT OF $3 478 863.87. By: _______________________________________ Finance and Judiciary Committee 1) City check # s 213263 and 213353 were voided. 2) City check #213337 was converted into a wire in the amount of $197 050.40.* * 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 service by our present commitment ____________________________ and by our dedication to meet...
Click here for full text