Cash disbursements for October 2 October 13 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: October 23 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 October 2 2006 to October 13 2006 check # s 189573 189921 SECTION 8 dates from October 2 2006 to October 13 2006; check #s 76194 76205 REDEVELOPMENT AGENCY dates from October 2 2006 to October 13 2006 check #s 52467 52539 Notes: WE HEREBY RECEIVE AND FILE WARRANTS #189573 189921 #76194 76205 AND #52467 52539 ALL IN THE AMOUNT OF $2 592 515.82. By: _______________________________________ Finance and Judiciary Committee 1) City check # s 189922 189923 in the amount of $328 214.30 were converted into wires. 2) Agency check #52540 in the amount of $5 579 450.00 was converted into a wire. 3) City check # s 189807 189809 and 189883 189896 189897 were 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. Culver City Employees take pride in effectively providing the highest...
Click here for full text