Title
VOID UNCLAIMED CHECKS UNDER $15 PURSUANT TO GOVERNMENT CODE SECTION 50055
Summary
Government Code Section 50055 permits the City, with City Council approval, to transfer any unclaimed checks older than one year with unknown depositors or less than $15 to the general fund or other City funds without public notice.
Recommendation
Recommendation:
1. Approve voiding checks less than fifteen dollars left unclaimed and uncashed after more than one year.
2. Authorize Administrative Services Director to transfer resulting funds to the general fund or other funds as appropriate.