Cash Disbursements for March 15 2008 through April 4 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: April 14 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 March 15 2008 to April 4 2008; check # s 208492 209374 SECTION 8 dates from March 15 2008 to April 4 2008; check # s 78561 78681 REDEVELOPMENT AGENCY dates from March 15 2008 to April 4 2008; check # s 54463 54565 Notes: WE HEREBY RECEIVE AND FILE WARRANTS #208492 209374 #78561 78681 AND #54463 54565 ALL IN THE AMOUNT OF $5 353 932.31. By: _______________________________________ Finance and Judiciary Committee 1) City check #208669 208719 and 209277 were voided. 2) Section 8 check #78668 in the amount of $1 622.00 was voided. 3) Redevelopment Agency check #54531 in the amount of $1 074.00 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 Karen Maggio the only individual 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 o...
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