Cash Disbursements for August 14 2006 August 31 2006. 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: September 11 2006 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 August 14 2006 to August 31 2006 check # s 188429 188999 SECTION 8 dates from August 14 2006 to August 31 2006; check #s 75913 76049 REDEVELOPMENT AGENCY dates from August 14 2006 to August 31 2006 check #s 52293 52379 Notes: WE HEREBY RECEIVE AND FILE WARRANTS #188429 188999 #75913 76049 AND #52293 52379 ALL IN THE AMOUNT OF $2 974 249.18. By: _______________________________________ Finance and Judiciary Committee 1) City Checks #188802 was voided. 2) City Check #188803 in the amount of $121 982.84 was converted into a wire. 3) Agency Checks #52295 52334 52336 in the amount of $4 339 575.48 were converted into wires. * 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. kw Culver City Employees take pride in effectively providing the highest levels of service to enri...
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