Cash Disbursements for March 1 2008 through March 14 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: March 24 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 March 1 2008 to March 14 2008; check # s 208143 208489 SECTION 8 dates from March 1 2008 to March 14 2008; check # s 78549 78560 REDEVELOPMENT AGENCY dates from March 1 2008 to March 14 2008; check # s 54425 54462 Notes: WE HEREBY RECEIVE AND FILE WARRANTS #208143 208489 #78549 78560 AND #54425 54462 ALL IN THE AMOUNT OF $2 702 485.06. By: _______________________________________ Finance and Judiciary Committee 1) City check #208367 was voided. 2) City check # s 208490 and 208491 were converted into wires in the amount of $317 291.32.* * 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 than s...
Click here for full text