Cash Disbursements: August 18 August 31 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: September 10 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 August 18 2007 to August 31 2007; check # s 200383 201015 SECTION 8 dates from August 18 2007 to August 31 2007; check # s 77613 77739 REDEVELOPMENT AGENCY dates from August 18 2007 to August 31 2007; check # s 53733 53779 Notes: WE HEREBY RECEIVE AND FILE WARRANTS #200383 201015 #77613 77739 AND #53733 53779 ALL IN THE AMOUNT OF $3 088 405.55. By: _______________________________________ Finance and Judiciary Committee 1) City check # s 200417 200934 and 200968 were voided. 2) City check # s 201014 and 201015 were converted into wires in the amount of $1 587 159.37.* 3) City check #200444 in the amount of $450.00 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 highest levels of service to enrich...
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