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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 - Q3 2024
end
AGENDA ITEM TYPE:
Report
RECOMMENDATION:
Review the quarterly disbursement expenditure report for Q3 2024. No action needed.
BACKGROUND:
The Board approved resolution R2024-02-02 authorizing disbursements for non-inventory purchases in 2024. The resolution also requires a quarterly report to the Board on non-inventory disbursements. Payments are being made to vendors as scheduled. Several are nearing Not to Exceed (NTE) thresholds.
DISCUSSION:
A report on non-inventory disbursement expenditures for Q3 2024 is attached to this memo for the Board’s review.
Payroll vendors nearing NTE Amounts:
Amalgamated Transit Union - Union membership dues
Cambridge Associates - Pension Contributions
Mutual of America - 457 plan participation
Utah State Tax - Withholding Tax
VantagePoint - Supplemental Benefits
Office of Recovery Services - Wage Garnishments for Child Support Payments
Utility Vendors nearing NTE amount:
Murray City Utilities - City Electrical Services
Rocky Mountain Power - Electricity Usage
Dominion Energy - Natural Gas Service Contract
First Net - per phone line cost increase
A request will be presented to the Board at this meeting in Resolution R2024-10-03 to increase the authorized disbursement amount for certain non-inventory vendors nearing their NTE amounts (presented separately).
ALTERNATIVES:
None
FISCAL IMPACT:
None
ATTACHMENTS:
2024 Non-Inventory Vendors - Q3 Disbursement Report