City Council Agenda Report
Meeting Date: September 17, 2024
From: Jessica Alcaraz, Financial Services Administrator Department: Finance
Submitted by: Angela Melgar, Finance Manager
Subject
Redevelopment Agency Obligation Retirement Account Warrant Register Recommendation
Approve Redevelopment Agency Obligation Retirement Account Warrant Register No. 69, for the period of December 31, 2023 through August 17, 2024 and consisting of ratification of electronic payments totaling $5,000.
Background
Vernon Municipal Code Section 2.32.060 indicates the City Treasurer, or an authorized designee, shall prepare warrants covering claims or demands against the City which are to be presented to City Council for its audit and approval. Pursuant to the aforementioned code section, the Deputy City Treasurer has prepared Redevelopment Agency Obligation Retirement Account Warrant Register No. 69 covering claims and demands presented during the period of December 31, 2023 through August 17, 2024, drawn, or to be drawn, from East West Bank for City Council approval.
Fiscal Impact
The fiscal impact of approving Redevelopment Agency Obligation Retirement Account Warrant Register No. 69, totals $5,000. The Finance Department has determined that sufficient funds to pay such claims/demands, are available in the respective accounts referenced on RDA Obligation Retirement Account Warrant Register No. 69.
Attachments
1. Redevelopment Agency Obligation Retirement Account Warrant Register No. 69