HomeMy WebLinkAboutDestroy and Dispose - Obsolete Blank Checks - Desert Willows Golf Resort Palm Desert Recreational Facilities CorporationCITY OF PALM DESERT I-F
FINANCE DEPARTMENT
STAFF REPORT
Request: Approval to destroy and dispose of all remaining obsolete blank checks
for the Desert Willow and Palm Desert Recreational Facilities Corporation
Checking Accounts
Submitted by: Paul S. Gibson, Finance Director
Date: October 11, 2012
Recommendation
By Minute Motion, that the City Council direct staff to destroy and dispose of the
remaining obsolete blank checks for the Desert Willow Golf Resort and the Palm
Desert Recreational Facilities Corporation checking accounts.
Background
The Desert Willow Golf Resort and the Palm Desert Recreational Facilities Corporation
(PDRFC) acquired new check stock that provides 15 security features currently recommended
and approved by the banking institution used by those entities. The older stock does not include
all the recommended features, so City staff will shred the obsolete check stock and dispose
appropriately.
The President of the PDRFC has approved staff to seek Council approval to destroy the older
check stock for PDRFC. Staff requests that Council direct staff to destroy the remaining blank
checks for the Desert Willow Golf Resort and the Palm Desert Recreational Facilities
Corporation accounts.
Fiscal Analysis
The cost of the new checks in comparison to the older check stock is immaterial. Furthermore,
the value of additional security features exceed the overall cost of acquiring new check stock
which costs less than $1,000 for a stock of 3,000 checks.
Sub" By:
Paul S. Gibson, Director of Finance
M. Wohlmuth, City Manager
CITY COUNCIL ACTION
APPROVED-- ✓ DENIED
RECEIVED OTHER
MEETING DATE —-a��
AYES: 1'9 e
NOES: 11 z) ELL LJ
ABSENT- _ LbOC-
AI1STAIN: 0 �
VERIFIED BY: 'lam (< r q
Original on File with City Clerk's Office