Cash Disbursements from May 19 to June 1 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: June 11 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 May 19 2007 to June 1 2007; check # s 196757 197388 SECTION 8 dates from May 19 2007 to June 1 2007; check # s 77201 77327 REDEVELOPMENT AGENCY dates from May 19 2007 to June 1 2007; check # s 53392 53441 Notes: WE HEREBY RECEIVE AND FILE WARRANTS #196757 197388 #77201 77327 AND #53392 53441 ALL IN THE AMOUNT OF $1 419 655.34. By: _______________________________________ Finance and Judiciary Committee 1) City check # s 197375 197376 197377 197384 and 197385 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 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 seventy five years of public service by our present commitment _________________...
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