REPORT TO COUNCIL
SUBJECT
Title
Bills & Claims Report (CC and SA) for the period of March 23rd - April 12th
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, or his/her designee, 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 $11,807,270 for April 2018 all resources bill.
* Payment to Santa Clara Valley Water District in the amount of $5,455,408 for July, August, and December 2017 and February 2018 pump tax, a groundwater charge that is used to pay for the protection and augmentation of the water supplies in the basin.
* Payment to EDF Trading North America LLC; in the amount of $1,738,717 for February 2018 gas purchase
* Payment to MSR Public Power Agency in the amount of $1,727,209 for February 2018 Big Horn power purchase and March 2018 San Juan power purchase and renewable administrative cost.
* Payment to MSR Energy Authority in the amount of $764,295 for February 2018 gas purchase.
* Payment to US Bank National Association in the amount ...
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