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Item # 32
City of Santa Ana
20 Civic Center Plaza, Santa Ana, CA 92701
Staff Report
December 21, 2021
TOPIC: Depository Banking Services
AGENDA TITLE:
Resolution Designating J.P. Morgan Chase Bank, N.A. as the Continuing Official
Depository for the City of Santa Ana and First Amendment to Agreement with J.P. Morgan
Chase Bank, N.A., for Banking-Related Services in the Amount not to exceed $562,500,
which Includes a General Contingency of $187,500 (Non-General Fund)
RECOMMENDED ACTION
1. Adopt a resolution designating J.P. Morgan Chase Bank, N.A. the official depository
for the City of Santa Ana for five years, commencing January 1, 2022 through
December 31, 2026.
2. Authorize the City Manager to execute a First Amendment to Agreement with J.P.
Morgan Chase Bank, N.A. for banking-related services for an amount not to $562,500,
which includes a general contingency of $187,500. The First Amendment to
Agreement shall commence January 1, 2022, and expire December 31, 2026, subject
to non-substantive changes approved by the City Manager and City Attorney.
DISCUSSION
The Treasury & Customer Service Division (“Treasury”) of the Finance and Management
Services Agency (“FMSA”) is responsible for maintaining all banking-related services and
transactions for the City, Successor Agency, and Housing Authority. Banking-related
services include, but are not limited to, the following: daily deposit processing
(electronic/physical checks, currency, and coin), check clearing, Automated Clearing
House (ACH), gateway services, wire services, and account reconciliation. Having
previously released a Request for Proposals (RFP No. 2016-111) in September 2016,
JPMorgan Chase Bank, N.A. (“JPMC Bank”)’s proposal was found to be the utmost
responsive to the City’s future needs, and substantially offered the peak value both in
terms of price and compensating balance interest earnings, which were furthermore the
most appropriate and flexible for the depository/banking services currently sought by the
City.
Because of the continuing and far reaching impacts of the COVID-19 pandemic on the
nation’s economy and because the pandemic triggered both health and fiscal responses
First Amendment to Agreement with J.P. Morgan Chase Bank, N.A.
December 21, 2021
Page 2
2
3
3
5
unprecedented in terms of disruptiveness and magnitude, acquiring a new bank for
depository and banking services is not recommended until a sustained nationwide
economic normalization has been attained. As our incumbent financial banking services
provider, JPMC Bank has offered the City expert advice, industry insights and continuing
commitment state of the art treasury products to meet the ongoing and evolving needs of
the City. As part of this First Amendment to Agreement, JPMC Bank is agreeing to
maintain the concessionary agreed to price and compensating balance interest earnings
encompassed within the original agreement. In addition, JPMC Bank is agreeing to a
bank-managed earnings credit of 23 basis points (“23BPS”), and as a further testament
to their commitment to the City and the City’s banking relationship, JPMC Bank is offering
the City a one-time $20,000 retention allowance to be used on supplies and/or equipment
over the next 12 months, beginning January 1, 2022.
JPMC Bank is the largest commercial bank in the United States and a global leader in
financial services, offering solutions to the world’s most important corporations,
governments, and institutions in more than 100 countries. JPMC Bank has taken pride
in cultivating a strong banking services relationship with the City. Therefore, staff
recommends the approval of a First Amendment to Agreement with JPMC Bank for
depository and banking services.
ENVIRONMENTAL IMPACT
There is no environmental impact associated with this action.
FISCAL IMPACT
Monthly bank fee balances not offset by earning allowances on compensating balances
maintained with Bank in accordance with the banking services agreement will be
deducted from interest earned on account balances deposited into account (No.
09401001-24000). Funds will be budgeted for expenditure as follows:
FY
Accounting
Unit -
Account
No.
Fund
Description
Accounting
Unit -
Accounting
No.
Description
Contracted
Amount
Annual Rate
Increase
(Contingency)
Maximum
Amount
2021-
22
09401001-
24000
FMSA -
Balance
Sheet
Trust &
Agency $37,500 $18,750 $56,250
2022-
23
09401001-
24000
FMSA -
Balance
Sheet
Trust &
Agency $75,000 $37,500 $112,500
2023-
24
09401001-
24000
FMSA -
Balance
Sheet
Trust &
Agency $75,000 $37,500 $112,500
First Amendment to Agreement with J.P. Morgan Chase Bank, N.A.
December 21, 2021
Page 3
2
3
3
5
2024-
25
09401001-
24000
FMSA -
Balance
Sheet
Trust &
Agency $75,000 $37,500 $112,500
2025-
26
09401001-
24000
FMSA -
Balance
Sheet
Trust &
Agency $75,000 $37,500 $112,500
2026-
27
09401001-
24000
FMSA -
Balance
Sheet
Trust &
Agency $37,500 $18,750 $56,250
Subtotal:Subtotal:Grand
Total:
$375,000 $187,500 $562,500
EXHIBIT(S)
1. Resolution
2. First Amendment to Agreement with J.P. Morgan Chase Bank, N.A.
Submitted By: Kathryn Downs, FMSA Executive Director
Approved By: Kristine Ridge, City Manager
RESOLUTION NO. 2021-XXX
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SANTA ANA DESIGNATING JP MORGAN CHASE BANK,
N.A., AS THE DEPOSITORY FOR CITY OF SANTA ANA
FUNDS, EFFECTIVE JANUARY 1, 2022, AND
DESIGNATING SIGNATORIES AUTHORIZED FOR THE
PURPOSE OF WITHDRAWAL OF SAID FUND
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA
AS FOLLOWS:
Section 1. The City Council of the City of Santa Ana hereby finds, determines
and declares as follows:
A.The City Council of the City of Santa Ana ("City") has declared a policy of
designating a bank within the City or in its immediate vicinity to act as
depository for the demand deposits of City funds.
B.After reviewing the outstanding performance of J.P. Morgan Chase Bank,
N.A. as the City’s depository banking services provider beginning from
January 1, 2017 through December 31, 2019 and having found J.P. Morgan
Chase Bank, N.A.’s proposal for continued depository banking services to
be superior in terms of pricing and bank managed earnings credit , the City
hereby re-designates JPMorgan Chase Bank, N.A., 1300 North Main Street,
Santa Ana, California ("Bank"), as the banking institution that shall receive
and act as depository for City funds and trust funds in control of said City,
beginning January 1, 2022, for a term of five (5) years through December 31,
2026.
Section 2. The Executive Director of Finance and Management Services of the
City and the Assistant Director of Finance and Management Services of the City (when acting as
designee of the Executive Director of Finance and Management Services) are hereby
authorized for and on behalf of the City, and as its officers and agents, to sign City of Santa
Ana checks for the withdrawal of said funds so deposited, both by facsimile signature
machine-imprinted upon City checks and by manually affixed signature upon City
checks.
Section 3. The Assistant Director of Finance and Management Services and the
Treasury and Customer Services Manager of the City are hereby authorized for and on
behalf of the City, and as agents of the City and deputies of the Executive Director of
Finance and Management Services to sign City of Santa Ana checks for the withdrawal
of said funds so deposited by manually affixed signature thereon.
Section 4. Said Bank is hereby authorized and directed to pay out from said
City funds to the payees respectively designated on any City checks, signed in the
manner and by any of the persons hereinabove authorized, in the amounts shown on the
face of said checks.
Resolution No. 2021-XXX
Page 1 of 3
EXHIBIT 1
Section 5. The City Manager is hereby authorized to designate in writing
agents who shall be authorized to sign City checks for the payment or withdrawal of
said funds when, due to physical absence, incapacity or death of any of said authorized
signatories, it may be necessary on a temporary basis to provide other means for
the signing of City checks, and/or for the payment or withdrawal of said funds. Any
such authorization shall set forth the necessity for such designation, the period of time
during which said authorization shall continue (by giving the exact starting and termination
dates) and shall contain the certification of the Clerk of the Council over the official seal
of the City of Santa Ana certifying that said authorization is in fact, signed by the
qualified and acting City Manager, shall contain a specimen signature of the person
designated as such temporary agent, and shall be delivered to said Bank.
Section 6. The City Manager, or his designee, is hereby authorized to execute
and submit all documents, including but not limited to applications, agreements and
amendments which may be required to effectuate the banking services necessary for
the administration of the City's demand deposit account.
Section 7. A certified copy of this Resolution, together with the signatures of
the two agents herein authorized to act in manual form and copies of the facsimile
signature machine-imprints of the Executive Director of Finance and Management
Services and Assistant Director of Finance and Management Services certified by the
Clerk of the Council to be the signatures of said persons, and the imprints of the official
facsimile signature plates, shall be delivered to said Bank before the 1st day of January,
2022. Whenever any of said agents leave the employment of the City, is absent
therefrom, or incapacitated for a period of time that will affect the issuance of City
checks, the Clerk of the Council shall notify said Bank of said fact and shall certify the
names, titles, and signatures of the person(s) then designated as agent(s) of the City
for the purpose of signing City checks in the manner hereinabove provided and shall
notify said Bank of every termination of such authorization immediately upon receipt of
such information.
Section 8. This Resolution shall take effect immediately upon its adoption by
the City Council, and the Clerk of the Council shall attest to and certify the vote adopting
this Resolution.
ADOPTED this 21st day of December, 2021.
___________________________
Vicente Sarmiento
Mayor
APPROVED AS TO FORM:
Sonia R. Carvalho, City Attorney
By:________________________
Brandon Salvatierra
Deputy City Attorney
Resolution No. 2021-XXX
Page 2 of 3
AYES: Councilmembers: _____________________________________
NOES: Councilmembers: _____________________________________
ABSTAIN: Councilmembers: _____________________________________
NOT PRESENT: Councilmembers: _____________________________________
CERTIFICATE OF ATTESTATION AND ORIGINALITY
I, DAISY GOMEZ, Clerk of the Council, do hereby attest to and certify the attached
Resolution No. 2021-XXX to be the original resolution adopted by the City Council of
the City of Santa Ana on December 21, 2021.
Date: ______________ _______________________________
Daisy Gomez
Clerk of the Council
City of Santa Ana
Resolution No. 2021-XXX
Page 3 of 3
EXHIBIT 2
FIRST AMENDMENT TO AGREEMENT BETWEEN THE
CITY OFSANTA ANA AND JPMORGAN CHASE BANK,
N.A.
THIS FIRST AMENDMENT TO AGREEMENT is entered into this 21st day of
December 2021, by and between the City of Santa Ana, a charter city and municipal
corporation organized and existing under the Constitution and laws of the State of California
("City"), and JPMorgan Chase Bank, N.A. ("Banking Services Provider").
RECITALS:
A. On December 6, 2016, the City entered into Agreement No. A-2016-366 (“Agreement”)
with JPMorgan Chase Bank, N.A. in which Banking Services Provider, having special
skill and knowledge in the field of banking services, banking technology, and related
ancillary services to include but not limited to: daily deposit processing, image cash
letter (ICL) deposits, check clearing, wire services, automated clearing house (ACH)
transactions, positive pay services, account reconciliation, direct deposit of accounts
payables, account analysis services, lockbox services, client staff training, the latter, to
the extent reasonably required for City to utilize the services provided.
B. In a letter dated November 1, 2021 (Exhibit G), JPMorgan Chase, N.A. memorialized
their services with the City under the Agreement for the previous five (5) years.
C. The parties desire to amend the Compensation, Term, Insurance, and Miscellaneous
clauses of said Agreement.
THE PARTIES THEREFORE AGREE:
1.Section 2, COMPENSATION, shall be amended to read as follows:
a.Amount of Banking Fees. Upon execution of this Agreement, City will pay
Banking Services Provider as outlined in Exhibit H, as applicable to the
services selected. Payment need not to be made for work, which fails to
meet the standards of performance set for in the Recitals, which may
reasonably be expected by City. The parties recognize and agree that earnings
credit for City’s funds on deposit with Banking Services Provider will be
applied against fees otherwise payable by City and if the fees during any month
exceed the earnings credit for City’s balances during that month, insufficiency
will be carried over each succeeding month until such insufficiency plus
subsequently incurred fees are paid in full, subject to settlement each six (6)
months or monthly at the sole discretion of the City.
(1) Banking Services Provider will provide to City an account analysis
statement each month, depicting fees incurred and earnings credits earned
for that month, and following each six (6) month period, will prepare an
invoice for fees incurred for the preceding six (6) month period, and the
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earnings credits earned during that timeframe.
(2) If the aggregate earnings credits earned are insufficient to cover the
aggregate of fees incurred during that timeframe, City shall pay the resulting
deficiency to Banking Services Provider within forty-five (45) days of its
receipt of the semi-annual settlement invoice.
b. Compensation directly payable by City to Banking Services Provider, exclusive of
earnings credit for City funds on deposit with Banking Services Provider, shall not
exceed $75,000 annually plus a fifty (50) percent annual contingency for the term
of this Agreement.
2. Section 3, General Provisions, subsection 3-1 Term of the Agreement. The parties
agree to extend the term of the Agreement for an additional five (5) year period through December
31, 2026, unless terminated earlier in accordance with Section 3 -2 below.
3. Section 3, General Provisions, subsection 3-9 Insurance, shall be amended to read
as follows:
3-9. INSURANCE
Prior to undertaking performance of work under this Agreement, Contractor shall maintain
and shall require its subcontractors, if any, to obtain and maintain insurance as described below:
a. Minimum Scope and Limit of Insurance
1. Commercial General Liability (CGL): Insurance Services Office Form
CG 00 01 covering CGL on an “occurrence” basis, including products and
completed operations, property damage, bodily injury and personal &
advertising injury with limits no less than $2,000,000 per occurrence. If a
general aggregate limit applies, either the general aggregate limit shall apply
separately to this project/location (ISO CG 25 03 or 25 04) or the general
aggregate limit shall be twice the required occurrence limit.
2. Automobile Liability: ISO Form Number CA 00 01 covering any auto
(Code 1), or if Contractor has no owned autos, hired, (Code 8) and non-
owned autos (Code 9), with a limit no less than $1,000,000 per accident for
bodily injury and property damage.
3. Workers’ Compensation: As required by t he State of California, with
Statutory Limits, and Employer’s Liability Insurance with limit of no less
than $1,000,000 per accident for bodily injury or disease.
4. Professional Liability (Errors and Omissions): Insurance appropriate to
Consultant’s profession, with limit no less than $5,000,000 per occurrence
or claim and $10,000,000 in the aggregate.
5. Cyber Liability: Insurance, with limits not less than $5,000,000 per
occurrence or claim, $10,000,000 aggregate. Coverage shall be sufficiently
broad to respond to the duties and obligations as is undertaken by
Consultant in this Agreement and shall include, but not be limited to,
claims involving security breach, system failure, data recovery, business
interruption, cyber extortion, social engineering, infringement of
Page 2 of 6
intellectual property, including but not limited to infringement of
copyright, trademark, trade dress, invasion of privacy violations,
information theft, damage to or destruction of electronic information,
release of private information, and alteration of electronic
information. The policy shall provide coverage for breach response
costs, regulatory fines and penalties as well as credit monitoring
expenses.
If the Contractor maintains broader coverage and/or higher limits than the
minimums shown above, the City requires and shall be entitled to the broader
coverage and/or the higher limits maintained by the Contractor. Any available
insurance proceeds in excess of the specified minimum limits of insurance and
coverage shall be available to the City.
b. Other Insurance Provisions
1. Additional Insured Status: The City, its officers, officials, employees,
and volunteers are to be covered as additional insureds on the CGL policy
with respect to liability arising out of work or operations performed by or
on behalf of the Contractor including materials, parts, or equipment
furnished in connection with such work or operations. General liability
coverage can be provided in the form of an endorsement to the Contractor’s
insurance (at least as broad as ISO Form CG 20 10 11 85 or if not available,
through the addition of both CG 20 10, CG 20 26, CG 20 33, or CG 20 38;
and CG 2037 if a later edition is used).
2. Primary Coverage: For any claims related to this contract, the
Contractor’s insurance coverage shall be primary coverage at least as broad
as ISO CG 20 01 04 13 as respects the City, its officers, officials,
employees, and volunteers. Any insurance or self - insurance maintained by
the City, its officers, officials, employees, or volunteers shall be excess of
the Contractor’s insurance and shall not contribute with it.
3. Notice of Cancellation: Each insurance policy required above shall
provide that coverage shall not be canceled, except with notice to the City.
4. Waiver of Subrogation: Contractor hereby grants to City a waiver of any
right to subrogation that any insurer of said Contractor may acquire against
the City by virtue of the payment of any loss under such insurance.
Contractor agrees to obtain any endor sement that may be necessary to
affect this waiver of subrogation, but this provision applies regardless of
whether or not the City has received a waiver of subrogation endorsement
from the insurer.
5. Self-Insured Retentions: Self-insured retentions must be declared to and
approved by the City. The City may require the Contractor to purchase
coverage with a lower retention or provide proof of ability to pay losses
and related investigations, claim administration, and defense expenses
within the retention. The policy language shall provide, or be endorsed to
provide, that the self-insured retention may be satisfied by either the named
insured or City.
Page 3 of 6
6. Acceptability of Insurers: Insurance is to be placed with insurers
authorized to conduct business in the state with a current A.M. Best’s
rating of no less than A:VII, unless otherwise acceptable to the City.
7. Claims Made Policies (applicable only to professional liability):
i. The Retroactive Date must be shown, and must be before the
date of the contract or the beginning of contract work.
ii. Insurance must be maintained and evidence of insurance
must be provided for at least five (5) years after completion
of the contract of work.
iii. If coverage is canceled or non-renewed, and not replaced
with another claims-made policy form with a Retroactive
Date prior to the contract effective date, the Contractor must
purchase “extended reporting” coverage for a minimum of
five (5) years after completion of work.
8. Verification of Coverage: Contractor shall furnish the City with
original Certificates of Insurance including all required amendatory
endorsements (or copies of the applicable policy language effecting
coverage required by this clause) and a copy of the Declarations and
Endorsement Page of the CGL policy listing all policy endorsements
to City before work begins. However, failure to obtain the required
documents prior to the work beginning shall not waive the
Contractor’s obligation to provide them.
The City reserves the right to require complete, certified copies of all
required insurance policies, including endorsements required by
these specifications, at any time.
9. Subcontractors: Contractor shall require and verify that all
subcontractors maintain insurance meeting all the requirements
stated herein, and Contractor shall ensure that City is an additional
insured on insurance required from subcontractors.
10. Special Risks or Circumstances: City reserves the right to modify
these requirements, including limits, based on the nature of the risk,
prior experience, insurer, coverage, or other special circumstances.
4. Section 3, General Provisions, subsection 3-26 Miscellaneous Provisions, shall be
amended to add a subsection g., which subsection shall read as follows:
Page 4 of 6
g. Banking Services Provider shall provide a one-time Twenty-Thousand Dollar
($20,000) retention allowance to the City to be applied to banking supplies or
equipment purchased from the Banking Services Provider over the next Twelve
(12) months beginning January 1, 2022.
//
//
{Signatures on following page}
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IN WITNESS WHEREOF, the parties hereto have executed this First Amendment to Agreement as of the
last date and year written below.
ATTEST: CITY OF SANTA ANA
DAISY GOMEZ KRISTINE RIDGE
Clerk of the Council City Manager
APPROVED AS TO FORM:
SONIA R. CARVALHO
City Attorney
By: Brandon Salvatierra
Deputy City Attorney
RECOMMENDED FOR APPROVAL: BANKING SERVICES PROVIDER
JPMORGAN CHASE BANK, N.A.
Kathryn Downs (Dec 7, 2021 13:56 PST)
KATHRYN DOWNS, CPA Name: Yolanda Anaya-Mates
Executive Director Title: Vice President
Finance and Management Services Agency
Page 6 of 6
EXHIBIT G
November 1, 2021
Attn: Willard Holt – Treasury & Customer Services Manager
20 Civic Center Plaza
Santa Ana, CA 92701
Dear Mr. Holt,
Your Government Banking team at JPMorgan Chase Bank, N.A. (the “Bank”) is extremely excited for the
opportunity to continue our successful banking relationship with the City of Santa Ana (the “City”). As your
incumbent financial services provider over the past five (5) years, we trust you have found our expert advice,
industry insights and state of the art treasury products valuable and responsive to the ongoing needs of
the City.
Based on our conversations and understanding of the City’s goals, we are proposing the following with
respect to our banking relationship, subject to execution of a mutually agreeable amendment to the
current Banking Services Agreement:
•Extending our current Banking Services Agreement for an additional Five (5) years beginning January
1, 2022;
•Pricing for pre-existing services that are listed in Exhibit B or Exhibit B-1 of the current Banking Services
Agreement will remain the same during the extension term as will pricing for services listed on such
exhibits that are added during the current term of the agreement;
•This pricing will also be maintained for new services requested by the City via any mutually agreed to
change order made during the five-year extension term, provided that the new services are listed in
Exhibit B or Exhibit B-1 of the current Banking Services Agreement;
•In the event the City requests any service that is not listed in Exhibit B or Exhibit B-1 of the current
Banking Services Agreement and the Bank agrees to provide such service, the implementation of such
service shall be subject to additional terms and fees to be mutually agreed upon at the time of the
City’s request;
•Earnings Credit to be calculated at a Bank managed rate 1, currently 23BPS; and
•A one-time Twenty-Thousand Dollar ($20,000) retention allowance provided by the Bank to the City to
be applied to banking supplies or equipment purchased from the Bank over the next Twelve (12)
months beginning January 1, 2022.
We appreciate the opportunity to continue serving the City’s banking needs, and look forward to
hearing from you.
Sincerely,
JPMorgan Chase Bank, N.A.
By: Yolanda A. Mates
Yolanda Mates, Authorized Officer
1Bank managed rates are reviewed and updated periodically by the Bank after considering a range of factors, including the
market rate environment.
JPMorgan Chase Bank N.A., 3 Park Plaza Irvine 9th Floor, Irvine CA 92614 Telephone: 213-804-
4659 Email: Yolanda.a.mates@jpmorgan.com
Exhibit H
Pro Forma Analysis
Customer: THE CITY OF SANTA ANA
Service Analysis*
Service Description Number of Units
Unit
Price
Charge For
Service
ACCOUNT SERVICES
DAILY OVERDRAFT OCCURRENCE FEE 1 $0.0000 $0.00
NEGATIVE COLLECTED BAL FEE 1 $1.2600 $1.26
ACCOUNT MAINTENANCE 7 $3.5000 $24.50
ACCT MAINT-INT ADJ BAL 0 $150.0000 $0.00
STATEMENT CYCLES 6 $0.0000 $0.00
STATEMENT CYCLES - ENHANCED 2 $0.0000 $0.00
AUDIT CONFIRMATIONS 1 $50.0000 $50.00
ARP PAID ITEM RETURN CREDIT 3 $0.0000 $0.00
ONLINE AUDIT CONFIRMATIONS 7 $0.0000 $0.00
BLOCKED ACCOUNT MAINTENANCE 1 $500.0000 $500.00
OVERDRAFT NSF ITEM PAID 3 $38.0000 $114.00
POST NO CHECKS MAINTENANCE 1 $0.0000 $0.00
CREDIT POSTED- ELECTRONIC 466 $0.1500 $69.90
DEBIT POSTED - ELECTRONIC 126 $0.1500 $18.90
Subtotal $778.56
AUTOMATED CLEARING HOUSE
TRANS REVIEW MAINTENANCE 2 $12.0000 $24.00
ACH MAINTENANCE 1 $10.0000 $10.00
CREDIT RECEIVED 455 $0.0000 $0.00
DEBIT RECEIVED 117 $0.0000 $0.00
RETURN ITEM 3 $4.0000 $12.00
NOTIFICATION OF CHANGE 3 $4.0000 $12.00
RETURN NOTIFICATION - ONLINE 3 $1.0000 $3.00
NOTIF OF CHANGE - ONLINE 3 $0.0000 $0.00
ELOCKBOX FILE PROCESSING 21 $6.0000 $126.00
CREDIT ORIGINATED - JPM ACCESS 4,465 $0.0300 $133.95
DEBIT ORIGINATED - JPM ACCESS 28 $0.0300 $0.84
JPM ACCESS ACH MAINTENANCE 6 $10.0000 $60.00
ELOCKBOX RETURN - ELECTRONIC 1 $2.5000 $2.50
ADDENDA RECORD ORIGINATED 48 $0.0300 $1.44
NOTIF OF CHANGE - EMAIL 1 $1.5000 $1.50
RETURN NOTIFICATION - EMAIL 1 $1.5000 $1.50
TRANSACTION BLOCK MAINTENANCE 7 $3.0000 $21.00
ACH TRANS BLOCK AUTHORIZED ID 30 $0.2000 $6.00
ELOCKBOX MAINTENANCE 1 $25.0000 $25.00
ELOCKBOX TRANSACTION RECEIVED 3,385 $0.0400 $135.40
ELOCKBOX TRANSACTION REFORMAT 3,385 $0.0000 $0.00
Subtotal $576.13
BALANCE BASED CHARGES
BALANCE BASED CHARGES 1 $760.4600 $760.46
Subtotal $760.46
BANKING CENTER SERVICES
BRANCH CREDITS POSTED 34 $0.7500 $25.50
BRANCH ORDER - COIN ROLL 1 $0.1000 $0.10
BRANCH ORDER CURRENCY STRAP 12 $0.2500 $3.00
BRANCH ORDER PROCESSED 2 $2.0000 $4.00
TELLER LINE CASH VERIFICATION 71 $0.0032 $0.23
Subtotal $32.83
DEPOSITORY SERVICES
CHECK DEPOSITED-ON US 137 $0.0400 $5.48
CHECK DEPOSITED-TRANSIT 858 $0.0600 $51.48
IMAGE GROUP ONE 2,180 $0.0300 $65.40
ON-US STANDARD 182 $0.0300 $5.46
IRD PERIOD ONE 1 $0.5000 $0.50
FILE TRANSMISSION REC.- VPN 139 $2.1583 $300.00
IMAGE GROUP TWO 3,965 $0.0300 $118.95
IMAGE GROUP TWO - TIER 2 213 $0.0300 $6.39
ON US PREMIUM 1,072 $0.0400 $42.88
IMAGE GROUP ONE - PERIOD TWO 1,576 $0.0300 $47.28
ICL DEPOSIT STANDARD 73 $0.3000 $21.90
IMAGE QUALITY SUSPECT ITEMS 11 $0.2500 $2.75
ICL DEPOSIT EARLY 56 $0.3000 $16.80
CREDITS POSTED 114 $0.4709 $53.68
RETURN ITEM 16 $4.0000 $64.00
RETURN DETAIL REPORTING 16 $0.3000 $4.80
RETURN - EMAIL NOTIFICATION 16 $1.0000 $16.00
Subtotal $823.76
DISBURSEMENT SERVICES
CHECK CASHING NON-ACCT HOLDER 2 $0.0000 $0.00
STOP PAYMENT - MANUAL 2 $35.0000 $70.00
STOP PAYMENT AUTOMATIC RENEWAL 55 $2.0000 $110.00
CHECK / DEBIT POSTED 1,664 $0.0300 $49.92
IMAGE STORAGE PER ITEM 1,826 $0.0200 $36.52
CHECK INQUIRY MAINTENANCE 6 $0.0000 $0.00
RECON REPORT / STATEMENT MAINT 5 $0.0000 $0.00
EXCEPTION NOTIFICATION - ACCT 5 $0.0000 $0.00
STOP PAYMENT - ELECTRONIC 9 $2.0000 $18.00
DATA DOWNLOAD 5 $0.0000 $0.00
Subtotal $284.44
INT REC & PAY - COLLECT
REMOTE LOCKBOX CAPTURE MAINT 0 $100.0000 $0.00
REMOTE LOCKBOX CAPTURE ITEM 0 $0.5000 $0.00
Subtotal $0.00
INT REC & PAY - REPORT
RECEIVABLES MAINT - ONLINE 1 $100.0000 $100.00
LONG TERM STORAGE - CHECK 100 $0.0300 $3.00
LONG TERM STORAGE - DOCUMENT 130 $0.0600 $7.80
ALERTS - PER ALERT 0 $0.0000 $0.00
RECEIVABLES MAIN - REPORTS 1 $25.0000 $25.00
RECEIVABLES MAINT - RETURNS 1 $25.0000 $25.00
Subtotal $160.80
INTERNATIONAL SERVICES
DEPOSITED CHECK - CANADIAN 1 $5.0000 $5.00
Subtotal $5.00
JPMORGAN ACCESS
MONTHLY SERVICE 1 $40.0000 $40.00
ACCOUNTS REPORTED 8 $15.0000 $120.00
TRANSACTIONS REPORTED - 45 DAY 2,579 $0.0500 $128.95
EXTENDED TRANSACTION DETAIL 7,402 $0.0000 $0.00
Subtotal $288.95
OTHER CHARGES AND CREDITS
RESEARCH ADJUSTMENT CREDIT 1 $0.0000 $0.00
RESEARCH ADJUSTMENT DEBIT 1 $0.0000 $0.00
Subtotal $0.00
RECONCILIATION SERVICES
FULL RECONCILEMENT - PER ITEM 1,663 $0.0300 $49.89
FULL RECONCILEMENT - MAINT 5 $20.0000 $100.00
PAYEE NAME VERIFICATION 1,663 $0.0300 $49.89
POSITIVE PAY MAINTENANCE 5 $0.0000 $0.00
EXCEPTION ITEM 7 $2.0000 $14.00
CHECK EXCEPTION RETURN 3 $5.0000 $15.00
OUTPUT FILE 55 $0.0000 $0.00
DATA ENTRY - MANUAL 5 $2.0000 $10.00
CD ROM - PER CD 1 $10.0000 $10.00
CD ROM MAINTENANCE 1 $0.0000 $0.00
IMAGE CAPTURE PER ITEM 1,826 $0.0500 $91.30
Subtotal $340.08
VAULT SERVICES
VAULT DEPOSIT 115 $0.5500 $63.25
VAULT DEPOSIT PER $1,000 761 $0.1796 $136.68
VAULT NOTES DEPOSITED 25,495 $0.0000 $0.00
VAULT ORDER COIN ROLLS 33 $0.0800 $2.64
VAULT ORDER - COIN ROLL BOX 70 $0.0800 $5.60
VAULT STANDARD ORDERS 2 $2.0000 $4.00
VAULT ORDER CURRENCY STD STRAP 7 $0.2500 $1.75
VAULT ORDER CURR NON STD STRAP 96 $0.0250 $2.40
VAULT DEP PARTIAL OR MIXED BAG 143 $3.0000 $429.00
VAULT DEPOSIT STD COIN BAG 31 $1.0000 $31.00
VAULT ORDER SUPPLIES 1 $7.2500 $7.25
VAULT DEPOSIT ADJUSTMENT 3 $5.0000 $15.00
Subtotal $698.57
WHOLESALE LOCKBOX
LOCKBOX - MAINT
WHOLESALE ITEM
UNPROCESSABLE ITEM
NO CHECK ITEM
CHECK CLEARING
1 $100.0000 $100.00
100 $0.5000 $50.00
1 $0.5000 $0.50
10 $0.5000 $5.00
100 $0.1100 $11.00
INCOMING COURIER PACKAGE 0 $25.0000 $0.00
CASH PROCESSING 0 $11.0000 $0.00
WNLB CREDIT CARD AUTHORIZATION 0 $2.0000 $0.00
CHECK MICR CAPTURE 100 $0.0250 $2.50
DATA CAPTURE 0 $0.0140 $0.00
PAPER DELIVERY PREP 0 $0.4000 $0.00
POSTAGE 0 $0.4229 $0.00
DOCUMENT IMAGE CAPTURE 130 $0.0500 $6.50
ADDITIONAL PROGRAMMING 0 $150.0000 $0.00
DEPOSIT PREPARATION 21 $2.2500 $47.25
Subtotal $222.75
WIRE - U.S.
FW SURCHARGE $10 MILLION+ D/C 2 $0.1400 $0.28
ELECTRONIC BOOK DEBIT S/T 3 $2.0000 $6.00
ELECTRONIC FED DEBIT S/T 10 $6.5000 $65.00
REPETITIVE INSTRUCTION STORAGE 2 $0.0000 $0.00
FED TRANSFER FEE 18 $0.0000 $0.00
BOOK CREDIT 2 $3.0000 $6.00
FED CREDIT S/T 10 $7.0000 $70.00
RETURNED PAYMENT INVESTIGATION 1 $50.0000 $50.00
ESERVE INVESTIGATION 1 $0.0000 $0.00
INV CREDIT NOT CHARGED 1 $0.0000 $0.00
ADVICE - NOT CHARGE 20 $0.0000 $0.00
TRANSFER - NO CHARGE 1 $0.0000 $0.00
Subtotal $197.28
Total Charge for Services $5,458.55
Created: 2021-12-07
By:
Status:
Transaction ID:
Kristin Andrade (kandrade@santa-ana.org)
Signed
CBJCHBCAABAA-Wkj2euNQRWulF7MXNHW23qZSlYzqhE3
Exhibit 1
Final Audit Report 2021-12-07
"Exhibit 1" History
Document created by Kristin Andrade (kandrade@santa-ana.org)
2021-12-07 - 9:50:03 PM GMT - IP address: 98.153.69.210
Document emailed to Kathryn Downs (kdowns@santa-ana.org) for signature
2021-12-07 - 9:50:32 PM GMT
Email viewed by Kathryn Downs (kdowns@santa-ana.org)
2021-12-07 - 9:56:18 PM GMT - IP address: 98.153.69.210
Document e-signed by Kathryn Downs (kdowns@santa-ana.org)
Signature Date: 2021-12-07 - 9:56:32 PM GMT - Time Source: server - IP address: 98.153.69.210
Agreement completed.
2021-12-07 - 9:56:32 PM GMT