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TABLE OF CONTENTS <br />SECTION <br />I. INTRODUCTION <br />[JT <br />A. Purpose ................................................................. ............................... 1 <br />B. Deadline ................................................................ ............................... 1 <br />C. Background ............................................................ ............................... 1 <br />11. 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 />111. 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 Page ii <br />