REPORT TO COUNCIL
SUBJECT
Title
Action on Bills and Claims Report (CC, HA) for the period February 20th, 2021 - March 19th, 2021
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 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 $13,018,647 for February 2021 all resources bill and restoration funds.
* Payment to MSR Public Agency/Energy Authority in the amount of $2,132,718 for January 2021 power purchase and shaping fee.
* Payment to Tri-Dam Project/Authority in the amount of $1,583,035 for February 2021 Hydroelectric purchase.
* Payment to Newtron LLC., in the amount of $1,471,164 for progress payment for service performed on Serra Substation project for the period of November 2020 through January 2021.
* Payment to Santa Clara Water District in the amount of $1,376,392 for December 2020 Pump Tax, a groundwater charge that is used to pay for the protection and augmentation o...
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