REPORT TO COUNCIL
SUBJECT
Title
Action on Bills and Claims Report (CC, SOSA) for the period November 9th - November 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, or his/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 City of San Jose Finance - Revenue Management in the amount of $10,206,274 for FY2018-19 San Jose - Santa Clara Regional Wastewater Facility (RWF) second quarter capital, operation & maintenance billing and first installment of the revolving fund loan.
* Payment to Northern California Power Agency in the amount of $9,958,911 for November 2018 all resources bill and Western Restoration fund.
* Payment to Tri-Dam Power Authority/project in the amount of $2,424,858 for October 2018 energy purchases.
* Payment to MSR Public Power Agency/Authority in the amount of $1,954,786 for October and November 2018 energy purchases.
* Payment to EDF Trading North America LLC in the amount of $1,872,607 for October 2018 Natural Gas purchase.
* Payment to Mission Trail Waste Systems ...
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