REPORT TO COUNCIL
SUBJECT
Title
Action on Bills and Claims Report (CC, HA) for the period October 4th - October 24th
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 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 Northern California Power Agency in the amount of $9,830,700 for October 2019 all resources bill.
* Payment to Tri Dam Power Authority/Project in the amount of $3,972,264 for September 2019 Hydroelectric purchase.
* Payment to MSR Public Power Agency in the amount $2,340,607 for September 2019 Big Horn wind energy purchase and commission fee and October 2019 San Juan power purchase.
* Payment to Santa Clara Water District in the amount of $2,075,832 for August 2019 Pump Tax, a groundwater charge that is used to pay for the protection augmentation of water supplies in the basin and September 2019 treated water purchase.
* Payment to Friant Power Authority in the amount of $1,512,689 for September 2019 energy purchase.
* Payment to Unisys Corporation in the amount of $1,403,7...
Click here for full text