Cash Disbursements from September 29 2007 to October 12 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: October 22 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 September 29 2007 to October 12 2007; check # s 201621 202403 SECTION 8 dates from September 29 2007 to October 12 2007; check # s 77874 77884 REDEVELOPMENT AGENCY dates from September 29 2007 to October 12 2007; check # s 53883 53932 Notes: WE HEREBY RECEIVE AND FILE WARRANTS #201621 202403 #77874 77884 AND #53883 53932 ALL IN THE AMOUNT OF $3 785 866.35. By: _______________________________________ Finance and Judiciary Committee 1) City check # s 202128 202214 202263 202264 202359 and 202360 were voided. 2) City check #202403 was converted into a wire in the amount of $175 216.94.* 3) City check #202398 in the amount of $760.00 was 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 hig...
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