Agenda Report
Fullerton City Council
MEETING DATE: June 20, 2023
TO: CITY COUNCIL / SUCCESSOR AGENCY
SUBMITTED BY: Ellis chang, director of administrative services PREPARED BY: TONI SMART, FISCAL SERVICES MANAGER
SUBJECT: DISPOSITION OF UNCLAIMED CHECKS FOR AMOUNTS $15.00 OR GREATER THAN PURSUANT TO GOVERNMENT CODE SECTIONS 50050 - 50053
SUMMARY
The City may transfer any unclaimed checks for amounts $15.00 or greater or any unclaimed checks with an unknown depositor to the general fund or to the respective funds from which the City paid them after three years with City Council approval after published notice procedures pursuant to Government Code Sections 50050 – 50053.
RECOMMENDATION
1. Approve voiding unclaimed checks of fifteen dollars or greater that remain uncashed after three years from the date of issuance and remain unclaimed forty-five days following the Notice of Publication.
2. Authorize Administrative Services Director to transfer the resulting funds to the general fund or other funds as appropriate.
CITY MANAGER REMARKS
The City Manager concurs with the Administrative Services Department recommendation.
PRIORITY POLICY STATEMENT
This item matches the following Priority Policy Statement:
Fiscal and Organizational Stability.
FISCAL IMPACT
The transfer of these unclaimed monies would result in $6,572.18 of available funds for the City.
DISCUSSION
The Administrative Services Fiscal Services Division has identified unclaimed checks of fifteen dollars or greater which remain uncashed. The City must publish the amount of money, the fund in which the City holds it and that the money will become the property of the City on a designated date once a week for two consecutive weeks in a newspaper of general circulation published in the City not less than 45 days following the first publication.
The City published the required Notice of Publication in compliance with Government Code Sections 50050 – 50053 in the Fullerton News Tribune on March 23, 2023 and March 30, 2023. Attachment 1 lists checks of fifteen dollars or greater that remained unclaimed after three years from the date of issuance and unclaimed forty-five days after the first Notice of Publication. The listing totals $6,572.18.
Attachments:
Attachment 1 – Unclaimed Checks of Fifteen Dollars or Greater Attachment 2 – Notice of Publication
cc: City Manager Eric J. Levitt
Unclaimed Checks of Fifteen Dollars or Greater
June 20, 2023 - Page 2