Cash Disbursements from July 14 to August 3 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: August 13 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 July 14 2007 to August 3 2007; check # s 198715 199932 SECTION 8 dates from July 14 2007 to August 3 2007; check # s 77472 77602 REDEVELOPMENT AGENCY dates from July 14 2007 to August 3 2007; check # s 53609 53691 Notes: WE HEREBY RECEIVE AND FILE WARRANTS #198715 199932 #77472 77602 AND #53609 53691 ALL IN THE AMOUNT OF $5 220 043.77. By: _______________________________________ Finance and Judiciary Committee 1) City check # s 198851 199525 199526 and 199856 were voided. 2) City check #199528 was converted into a wire in the amount of $130.87.* * 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 tha...
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