REPORT TO COUNCIL
SUBJECT
Title
Action on Bills and Claims Report (CC, SCSA, HA) for the period October 1, 2022 - November 4, 2022
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 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 period include:
* Payment to Northern California Power Agency in the amount of $26,754,409 for October 2022 all resource bill.
* Payment to MSR Public Power Agency/Energy Authority in the amount of $5,419,409 for September and October 2022 energy purchases and October 2022 renewal administrative cost.
* Payment to California Environmental Protection in the amount of $5,018,044 for November 2022 Bid Guarantee and Certified Unified Program Agency (CUPA) surcharges for the second quarter ended September 30, 2022.
* Payment to EDF Trading in the amount of $3,487,344 for September 2022 natural gas purchase.
* Payment to Santa Clara Valley Water District in the amount of $2,238,799 for August 2022 Pump Tax (a groundwater charge that is used t...
Click here for full text