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AGENDA ITEM #11.3 <br /> <br /> <br /> <br />REPORT TO <br />CITY COUNCIL <br /> <br /> <br />Date: February 5, 2013 <br /> <br />Subject: Payment of Claims <br /> <br />Report: The City currently has a policy relating to early <br />payment of claims. Staff is requesting to revise this policy <br />to allow early payment of claims for any instance in which <br />the City would be liable for late fees or penalties. This is <br />allowed by State Statute. <br /> <br />Council Action Requested: Council motion to amend the <br />City’s Accounting and Reporting Policy and to adopt the <br />attached resolution delegating authority for payment of <br />claims. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />