REPORT TO COUNCIL
SUBJECT
Title
Action on City Bills and Claims Report for the period October 14, 2023 - November 10, 2023
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 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, as required by the City Charter, 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. The attached report is sorted by SVP expenses first, followed by the rest of the City funds.
DISCUSSION
Significant expenditures in this period include:
* Payment to Northern California Power Agency in the amount of $17,111,679 for October 2023 all resources bill.
* Payment to California Environmental Protection in the amount of $5,000,000 for bid guarantee for the November 2023 Joint Auction #37 to allow the City to procure California Carbon Allowances.
* Payment to Tri-Dam Authority/Project in the amount of $4,302,095 for September 2023 Hydroelectric purchases.
* Payment to MSR Public Power Agency/Energy Authority in the amount of $3,321,810 for September 2023 power purchases and administrative fees for August 2023.
* Payment to Santa Clara Valley Wa...
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