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FINANCE
AND ADMINISTRATION COMMITTEE |
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ITEM: |
ACTION
ITEM |
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9. |
CONSIDER ADOPTION OF
TREASURER’S REPORT FOR MARCH 2025 |
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Meeting
Date: |
May 12, 2025 |
Budgeted: |
N/A |
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From: |
David J.
Stoldt, |
Program/
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N/A |
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General
Manager |
Line Item No.: |
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Prepared
By: |
Nishil
Bali |
Cost
Estimate: |
N/A |
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General Counsel Review: N/A |
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Committee Recommendation: The Finance and Administration Committee reviewed this item on May 12, 2025, and recommended _________________. |
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CEQA Compliance: This action does not constitute a project
as defined by the California Environmental Quality Act Guidelines Section
15378. |
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SUMMARY: Exhibit 9-A comprises the Treasurer’s Report for March 2025. Exhibit 9-B includes listings of check disbursements for the period March 1-31, 2025. Checks, virtual checks (AP Automation), direct deposits of employee paychecks, payroll tax deposits, and bank charges resulted in total disbursements for the period in the amount of $2,197,738.65 (including voided checks). Rebate payments of $38,771.56 were paid in March. Exhibit 9-C reflects the unaudited version of the Statement of Revenues and Expenditures for the month ending March 31, 2025.
RECOMMENDATION: The Finance and Administration Committee should recommend that the Board adopt the March 2025 Treasurer’s Report and Statement of Revenues and Expenditures, and ratify the disbursements made during the month.
9-A Treasurer’s Report
9-B Listing of Cash Disbursements-Regular
9-C Statement of Revenues and Expenditures
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