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TO: |
Board of Trustees |
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THROUGH: |
Jay Fox, Executive Director |
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FROM: |
Viola Miller, CFO |
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PRESENTER(S): |
Eric Barrett, Deputy Comptroller |
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TITLE:
title
Quarterly Disbursement Report - Non-inventory Vendors - Q4 2024
end
AGENDA ITEM TYPE:
Report
RECOMMENDATION:
Review the quarterly disbursement report for Q4 2024. No action needed.
BACKGROUND:
The Board approved resolution R2025-01-02 authorizing disbursements for non-inventory payments in 2024. The resolution also requires a quarterly report to the Board on non-inventory disbursements. Payments have been made to vendors as scheduled. There were some disbursements made that surpassed the authorized Not to Exceed (NTE) thresholds that occurred in the last month of 2024.
DISCUSSION:
A report on non-inventory disbursement for Q4 2024 is attached to this memo for the Board’s review.
Vendors that exceeded the NTE amounts include:
Utah County Bond - Debt Service
US Department of the Treasury - Payroll tax withholding
Office of Recovery Services - Child support payments
Utah Attorney General’s Office - Legal Services
FirstNet - Cellular Services
A request will be presented to the Board at this meeting in Resolution R2025-04-01 to Ratify the disbursements made to these non-inventory vendors in 2024 and to revise the NTE amounts for 2025 (presented separately).
ALTERNATIVES:
None
FISCAL IMPACT:
None
ATTACHMENTS:
2024 Non-Inventory Vendors - Q4 Disbursement Report