Cash Disbursements for November 15 2008 November 28 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: December 8 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 November 15 2008 to November 28 2008; check # s 218722 218964 SECTION 8 dates from November 15 2008 to November 28 2008; check # s 79556 79664 REDEVELOPMENT AGENCY dates from November 15 2008 to November 28 2008; check # s 55357 55402 Notes: WE HEREBY RECEIVE AND FILE WARRANTS #218722 218964 #79556 79664 AND #55357 55402 ALL IN THE AMOUNT OF $2 076 098.69. By: _______________________________________ Finance and Judiciary Committee 1) City check # s 218786 218802 218836 and 218939 were voided. 2) City check #218924 was converted into a wire in the amount of $180 773.31.* 3) City check #218761 in the amount of $2 788.48 was 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 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...
Click here for full text