REPORT TO COUNCIL
SUBJECT
Title
Bills and Claims Report for the period of February 2nd - February 22nd
Report
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's Office verifies all documents before payment is issued. Payments are issued through accounts payable checks and wire transfers. It is 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 Northern California Power Agency in the amount of $9,120,939 for February 2018 all resources bill.
* Payment to City of San Jose Finance - Revenue Management in the amount of $6,029,503 for FY17-18 third quarter CIP billing, operations and maintenance for the Regional Wastewater Facility.
* Payment to Vitol Inc., in the amount of $3,014,000 for December 2017 California Carbon Allowances (CCAs) Vintage purchase.
* Payment to California EPA Air Resources Board in the amount of $3,000,000 for bid guarantee for Greenhouse Gas (GHG) Allowance February 2018 Joint Auction.
* Payment to Tri Dam Power Authority in the amount of $2,193,889 for January 2018 hydroelectric energy purchase.
* Payment to MSR Public Power Agency; in the amount of $1,343,443 for January 2018 Big Horn wind energy purchase.
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