REPORT TO COUNCIL
SUBJECT
Title
Action on Bills and Claims Report (CC,HA) for the period March 20th, 2021 - April 9th, 2021
Report
COUNCIL PILLAR
Enhance Community Engagement and Transparency
BACKGROUND
Disbursements made by the City are based on invoices submitted for payment. Prior to payment, staff reviews all disbursement documents to ensure they are reflective of the goods or services provided. Invoices are usually paid within 30 days of receipt of an accurate invoice. As the final step, the City Auditor, or her designee verifies all documents before payment is issued. Payments are issued through accounts payable checks and wire transfers. It's important to note that items that pertain to the Stadium Authority are billed to the Stadium Manager (ManCo) to pay on behalf of the Stadium Authority for Non-NFL events and the 49ers for NFL events.
The Bills and Claims Report represents the cash disbursements required for operations of the City during the period. The report reflects the payment date, invoice number, description of the payment, funding source, and payment amount for all invoices. The budget control is set by the City Council through the budget adoption process.
DISCUSSION
Significant expenditures in this time period include:
* Payment to the Northern California Power Agency in the amount of $11,635,498 for March 2021 all resources bill and restoration funds.
* Payment to MSR Public Agency/Energy Authority in the amount of $4,679,179 for February 2021 power purchase and shaping fee.
* Payment to Essex Property Trust LLC., in the amount of $2,022,300 to reimburse developer for sanitary sewer improvement at Calabazas Creek.
* Payment to EDF Trading North America LLC., in the amount of $1,377,237 for February 2021 gas purchase.
* Payment to Santa Clara Valley Water District in the amount of $1,249,710 for January 2021 Pump Tax, a groundwater charge that is used to pay for the protection and augmentation of water supplies in the basin and Febru...
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