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55E - RESO - AGMT - DEPOSITORY SRVS
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Last modified
12/1/2016 5:01:03 PM
Creation date
12/1/2016 4:49:35 PM
Metadata
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
55E
Date
12/6/2016
Destruction Year
2021
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TABLE OF CONTENTS <br />SECTION <br />I. INTRODUCTION <br />[JLcT <br />A. Purpose ................................................................. ............................... 1 <br />B. Deadline ................................................................ ............................... 1 <br />C. Background ............................................................ ............................... 1 <br />II. SELECTION PROCESS <br />A. Selection Process ................................................... ............................... 2 <br />B. Evaluation Criteria ................................................... ............................... 2 <br />1. Bank Qualifications ........................................ ............................... 3 <br />2. Experience ................................................... ............................... 3 <br />3. Client References .......................................... ............................... 4 <br />4, Proposed Scope of Services and Time of Performance ....................... 4 <br />5. Cost of Providing Services .............................. ............................... 4 <br />C. Selection Schedule ........................................... ............................... 4 <br />Ill. SCOPE OF SERVICES <br />A. Collateralization ............................................ ............................... 5 <br />B. Exemption .................................................... ............................... 5 <br />C. Interest Earnings ........................................... ............................... 5 <br />D. Deposit Activity ............................................. ............................... 5 <br />E. State Deposits .............................................. ............................... 6 <br />F. Cash Management ......................................... ............................... 7 <br />G. Full Account Reconciliation .............................. ............................... 7 <br />H. Electronic Reporting ....................................... ............................... 8 <br />I. Positive Pay .................................................. ............................... 8 <br />J. Disbursements, Wires and Money Transfer Services .......................... 8 <br />K. Electronic Payment / Deposits Services ........... ............................... 10 <br />1. ACH Disbursements........_ ................... ............................... 10 <br />2. Direct Deposit of Payroll ...................... ............................... 11 <br />3. Electronic Payroll Tax Payments. ......................................... 11 <br />L. Information Reporting Services ...................... ............................... 12 <br />M. Web -based Applications ................................ ............................... 12 <br />N. Implementation and Training Services ............ ............................... 12 <br />0. Audit Requirements ...................................... ............................... 13 <br />City of Santa Ana — Banking Services <br />55E -32 <br />Page ii <br />
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