CC - 2014-21 - Release of Unclaimed ChecksRESOLUTION NO. 2014 -21
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD
AUTHORIZING THE RELEASE OF UNCLAIMED CHECKS PURSUANT TO
GOVERNMENT CODE SECTION 50050 AND 50053 TO THE CITY OF
ROSEMEAD
WHEREAS, Section 50050 of the California Government Code allows for
unclaimed checks held over three (3) years to become the property of the local
agency after notice if not claimed or if no verified complaint is fled and served;
and
WHEREAS, Section 50050 of the California Government Code outlines
the process for the notification process of the unclaimed checks; and
WHEREAS, Section 50053 of the California Government Code describes
the unclaimed funds may be transferred to the General Fund; and
WHEREAS, each of the checks listed on the attached summary meets
this criteria,
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF
ROSEMEAD DOES RESOLVE AS FOLLOWS:
1. The City of Rosemead does hereby transfer the unclaimed checks on
the attached list in the total amount of $3,339.56 to the City of
Rosemead's General Fund in accordance with Section 50053 of the
California Government Code.
PASSED, APPROVED and ADOPTED the 271h day of May, 2014
/ l
William Alarcon, Mayor
ATTEST:
Gloria Molleda, City Clerk
APPROVED AS TO FORM:
IL641 - 1 / --
Rachel Richman
City Attorney
City of Rosemead
Unclaimed Checks held over Three Years
Resolution # 2014 -20
Date of Check
CK#
Vendor Name
Amount
08/08/2007
58543
UNION PACIFIC FUNDING INC
$ 1,000.00
07/01/2010
69819
CECILIA MUNO
400.00
07/01/2010
69820
CHRISTOPHER YIP
75.00
07/01/2010
69858
DENNIS LEE
231.00
07/01/2010
69972
ZAIRA FRAUD
20.00
07/01/2010
70097
FRANCES CASTANEDA
18.00
07/01/2010
70110
TIAN YING GUO A CORP.
78.00
07/01/2010
70551
CHRISTOPHER YIP
75.00
09/01/2010
71076
STAR MONTANA
20.00
09/01/2010
71279
LY CHOU LAM
144.90
09/01/2010
71444
CHRISTOPHER YIP
75.00
10/13/2010
71478
ROSA GAGNER
45.00
12/08/2010
72014
R.T INFOSYSTEM
328.00
12/08/2010
72053
JULIAN HSU
75.00
12/08/2010
72178
WHEE LEE
100.00
01/19/2011
72389
JENNIFER CHAU
274.00
01/19/2011
72390
105E QUEZAOA
100.00
02/02/2011
72406
RON ARDENAS
150.00
09/30/2010
73241
LETICIA CORNEJO
85.03
09/30/2010
73449
KAITLIN ELLING5WORTH
45.63
Total Escheatment for Resolution# 2014 -20 $ 3,339.56
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS.
CITY OF ROSEMEAD )
I, Gloria Molleda, City Clerk of the City of Rosemead, do hereby certify that the foregoing
Resolution No. 2014 -20 being:
A RESOLUTON OF THE CITY COUNCIL OF
THE CITY OF ROSEMEAD AUTHORIZING THE
RELEASE OF UNCLAIMED CHECKS
PURSUANT TO GOVERNMENT CODE
SECTION 50050 AND 50053 TO THE CITY OF
ROSEMEAD
was duly and regularly approved and adopted by the Rosemead City Council on the 27th of May,
2014, by the following vote to wit:
Yes: Alarcon, Armenta, Clark, Hall, Low,
No: None
Abstain. None
Absent: None
cta
loria Molleda
City Clerk
ROSEMEAD CITY COUNCIL
STAFF REPORT
TO: THE HONORABLE MAYOR AND CITY C UNCIL MEMBERS
FROM: JEFF ALLRED, CITY MANAGER
DATE: MAY 27. 2014
SUBJECT: ADOPT TWO RESOLUTIONS OF THE CITY COUNCIL OF THE CITY
OF ROSEMEAD, CALIFORNIA, AUTHORIZING THE RELEASE OF
UNCLAIMED CHECKS PURSUANT TO GOVERNMENT
SECTION 50050 THROUGH 50056
SUMMARY
On an annual basis, the City is required to review the outstanding check list for outdated
checks pursuant to Government Code Section 50050 through 50056. Unclaimed
checks which are held over three (3) years are published once a week for two
successive weeks in a newspaper of general circulation published in the City of
Rosemead. A statement announcing that the money shall become the property of the
City of Rosemead forty -five (45) days after the publication of the first notice is included
in the Public Notice. Upon the close of business on the forty -fifth (45) day after
publication of the first notice, the unclaimed checks shall become the property of the
City of Rosemead and transferred to the General Fund.
Unclaimed checks that are less than $15 which remain unclaimed for a period of at least
one year can be transferred to the General Fund after City Council approval without
having to publish a notice in a newspaper.
Staff Recommendation:
Staff recommends that the City Council approve Resolution No. 2014 -20 "A Resolution
of the City Council of the City of Rosemead Authorizing the Release of Unclaimed
Checks Pursuant to Government Code Section 50050 and 50053 to the City of
Rosemead" and Resolution No. 2014 -21 "A Resolution of the City Council of the City of
Rosemead Authorizing the Release of Unclaimed Checks Pursuant to Government
Code Section 50055 to the City of Rosemead ".
FINANCIAL IMPACT
The City will transfer $3,339.56 to the General Fund and $20.00 to the General fund
from these two Resolutions.
ITEM NO.
City Council Meeting
May 27, 2014
Pace 2 of 2
PUBLIC NOTICE PROCESS
This item has been noticed through the regular agenda notification process.
Submitted by:
Matthew E. Hawkesworth
Assistant City Manager /Finance Director
Attachment. Resolution No 2014 -20 and Resolution No 2014 -21 and Public Notice