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Contract Extension For Official <br />Depository Services ('Banking Services ") <br />December 15, 2015 <br />Page 3 <br />FISCAL IMPACT <br />Monthly bank fee balances not offset by earning allowances on compensating balances <br />maintained with Bank in accordance with Banking Services agreement will be deducted from <br />interest earned on account balances deposited into account no. (09401001- 24000). <br />Net Prior & Current Banking Services Bank Fee Costs (6 Month Period): <br />Monthly Net <br />Bank Fee Balai <br />iscal Year <br />Six Month Period <br />2013 -14 <br />07/01/13 <br />— 12/31/13 <br />2013 -14 <br />01/01/14 <br />— 06/30/14 <br />2014 -15 <br />07/01/14 <br />— 12/31/14 <br />2014 -15 <br />01/01/15 <br />— 06/30/15 <br />2015 -16 <br />07/01/15 <br />— 12/30/15 <br />Bank Fee Costs <br />$46,067 <br />$38,311 <br />$37,720 <br />$35,645 (Anticipated) <br />Net Future Banking Services Bank Fee Costs (6 Month Period): <br />Fiscal Year Six Month Period Bank Fee Costs <br />$0.00 <br />$0.00 <br />$0.00 <br />$0.00 <br />Monthly Net <br />Bank Fee Balance <br />2015 -16 01/01/16- 06/30/16 $41,894 (Projected) 4iu.uu <br />2016 -17 01/01/17 — 06/30/17 $36,978 (Projected) $0.00 <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Francisco Gutierrez <br />Executive Director <br />Finance and Management Services Agency,�Vr <br />WH <br />Exhibits: 1. Resolution <br />2. Amendment to Agreement <br />55A -3 <br />