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CC - Item 5D - Adotp a Resolution of the City Council Authorizing the Release of Unclaimed Checks Pursuant to Government Code Section 500050 Through 50056ROSEMEAD CITY COUNCIL STAFF REPORT TO: THE HONORABLE MAYOR AND CITY COUNCIL FROM: JEFF ALLRED, CITY MANAGER DATE: JUNE 09, 2015 SUBJECT: ADOPT A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD, CALIFORNIA, AUTHORIZING THE RELEASE OF UNCLAIMED CHECKS PURSUANT TO GOVERNMENT CODE SECTION 50050 THROUGH 50056 SUMMARY On an annual basis, the City is required to review the outstanding check list for outdated checks pursuant to Government Code Section 50050 through 50056.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. 2015 -27 "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 ". PUBLIC NOTICE PROCESS This item has been noticed through the regular agenda notification process. ITEM NUMBER: ,_ n City Council Meeting June 09, 2015 Paoe 2 of 2 Submitted by: i Carolyn A. Chu Acting Finance Director Attachment: Resolution No. 2015 -27 and Public Notice RESOLUTION NO. 2015 -27 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 filed 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 $2,397.32 to the City of Rosemead's General Fund in accordance with Section 50053 of the California Government Code. PASSED, APPROVED and ADOPTED the 9 th day of June, 2015 Margaret Clark, Mayor ATTEST: Gloria Molleda, City Clerk Rachel Richman City Attorney CITY OF ROSEMEAD DATE REFERENCE VENDOR NAME AMOUNT ACCOUNT 06/30/2011 72852 BODHI VEGETARIAN $ '66.00 ACCOUNTS PAYABLE 06/30/2011 72854 C &L GIFT SHOP 66.00 ACCOUNTS PAYABLE 06/30/2011 72856 CAL POULTRY MARKET 66.00 ACCOUNTS PAYABLE 06/30/2011 72865 DEL MAR SUPERMARKET 66.00 ACCOUNTS PAYABLE 06/30/2011 73099 LONGREEN CORPORATION 66.00 ACCOUNTS PAYABLE 06/30/2011 73102 OLGA ANGULO 300.00 ACCOUNTS PAYABLE 06/30/2011 73226 RAJ SESHADRI 150.00 ACCOUNTS PAYABLE 06/30/2011 73244 GARVEY EQUIPMENT COMPANY 221.18 ACCOUNTS PAYABLE 06/30/2011 73396 LA COUNTY RECORDER 21.00 ACCOUNTS PAYABLE 06/30/2011 73514 NORTH AMERICAN ORIENTAL 300.00 ACCOUNTS PAYABLE 07/20/2011 74230 LAICHING LAUNG 36.00 ACCOUNTS PAYABLE 07/20/2011 74238 NORMA MIRANDO 42.00 ACCOUNTS PAYABLE 08/17/2011 74596 THOMAS WONG 50.00 ACCOUNTS PAYABLE 08/17/2011 74611 WALTER CHANG 75.00 ACCOUNTS PAYABLE 09/14/2011 74870 MARLEEN LY 36.00 ACCOUNTS PAYABLE 10/13/2011 75163 MARIA MUNEZ 20.00 ACCOUNTS PAYABLE 10/26/2011 75262 CRYSTAL CHACON 26.00 ACCOUNTS PAYABLE 11/09/2011 75483 LIEBERT CASSIDY WHITMORE 245.00 ACCOUNTS PAYABLE 12/21/2011 75957 SO CAL EDISON CO 100.00 ACCOUNTS PAYABLE 02/01/2012 76305 LA COUNTY RECORDER 150.00 ACCOUNTS PAYABLE 03/14/2012 76748 LIEBERT CASSIDY WHITMORE 132.18 ACCOUNTS PAYABLE 04/25/2012 77147 HUNG LA 25.00 ACCOUNTS PAYABLE 04/25/2012 77164 LOS ANGELES BASIN CHAPTER 100.00 ACCOUNTS PAYABLE 12/15/2011 78156 JASLEEN BEDI 37.96 PAYROLL $ 2,397.32