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<br />e <br /> <br />e <br /> <br />beg inning of the contract period. The statements must include <br /> <br /> <br />deposits made on the last day of the period. The accompanying <br /> <br /> <br />checks must be arranged in numerical order. <br /> <br />D. The City intends to pay for all account services provided by bank <br /> <br /> <br />as set forth in section IV-B. The method expected to be used for <br /> <br /> <br />the payment of these services is the compensating balance method. <br /> <br /> <br />The City will require an account analysis each month which will <br /> <br /> <br />clearly show activity counts, fees charged, total price for <br /> <br /> <br />servicing the account and related balance requirement, average <br /> <br /> <br />ledger balance, average uncollected funds and average collected <br /> <br /> <br />balances. Also, the analysis should include the earnings credit <br /> <br /> <br />rate, net profit or loss, and the excess or deficit balances. <br /> <br />The City will require this analysis even if the bank were to bid <br />the services at no cost. <br /> <br />Please explain how the earnings credit will be determined. Use <br />a separate attachment if necessary: <br /> <br />-7- <br />