Item Number: 5
City Council / Board of Directors
Consent Calendar
Meeting of: August 20, 2024
Submitted By:
Carmen Cun, Finance Director / City Treasurer
Subject:
Commercial Demand Schedule No. 1
Recommendation:
That the City Council and Board of Directors ratify Commercial Demand Schedule No. 1 in the amount of $7,070,294.39, covering Electronic Fund Transfers No. 340027 through 340139 and Warrant No. 795997 through 796120 for 06/27/2024 through 07/10/2024, per the adopted budget for Fiscal Year 2023-2024 for the period covering July 1, 2023 through June 30, 2024 and Fiscal Year 2024-2025 for the period covering July 1, 2024 through June 30, 2025.
Fiscal Impact:
The total fiscal impact for FY23-24 in the amount of $6,974,878.82 and total fiscal impact for FY24-25 in the amount of $95,415.57 is authorized with this action. The attached report details the total funds paid to vendors.
Background:
Pursuant to the City’s Municipal Code (2.24.080) the attached demands were presented by the departments, audited by the Finance Department and subsequent warrants/wire transfers were issued. All were found to be in conformity to City policies and procedures and funds were budgeted or available to pay said demands. List of commercial warrants and wire transfers are now being presented to Council for approval.
Attachments: A. Commercial Demand Schedule No. 1 Check Register Summary