Laserfiche WebLink
documentation on discrepancies does the bank provide? <br /> <br />6. Please describe the bank’s returned item handling and notification procedures. Is an automatic re-clearing option available? How long does it take for returned items to be sent to the City? Can the bank provide returned item information to the City department that <br />deposited it, i.e., by identification or location number? <br /> <br />7. What is the bank’s procedure for ordering currency? Can currency delivery be coordinated with the scheduled armored car service? <br /> <br />Tab H - Account Reconcilement: (Two page maximum preferred.) The City currently issues <br />approximately 10,000 Accounts Payable and 1,300 Payroll checks per year. There are also 13,200 <br />ACH Payroll transactions and 1,600 A/P electronic funds transfers per year. The related accounts utilize full Account Reconcilement on-line reporting from the bank for items paid information. <br /> <br />1. Does the bank offer full Account Reconciliation and Positive Pay with data transmission <br />capabilities? If so, please describe the services and what is recommended for the City’s’ <br />consideration. <br /> 2. Describe the bank’s web-based services as they pertain to stop payments, copies of paid <br />checks, ACH exceptions, and voided checks. <br /> <br />3. Does the bank offer a CD-ROM imaging service? If so, please describe the service and the costs associated with this service. <br /> <br />4. Describe the account reconciliation services offered by the financial institution. <br /> <br />5. What is the bank's policy regarding Daylight Overdrafts (DODs)? Is there a charge for DODs and if so, how is it calculated? Will the bank guarantee that all items drawn on City accounts be paid regardless of the balance in the funding account? What is the charge for covering <br />these items? Please be comprehensive in your response. <br /> Tab I – Direct Deposit Relationship: (One page preferred.) The City transacts State of California Local Agency Investment Fund (LAIF) and receives tax apportionments on a regular basis. <br />1. Is the bank an approved State of California depository? <br /> 2. What is the charge per transfer to LAIF? From LAIF? <br /> <br />3. Please describe method the financial institution processes subvention payments from State of <br />California and LAIF transfers. <br /> 4. Does the bank have an office in Sacramento that maintains a direct DDA banking relationship with the State Treasurer’s Office and the State Controller’s Office? <br />Tab J - Direct Deposit of Payroll: (Two page maximum preferred.) Direct Deposit of Payroll is currently in place with 90% of the City’s employees participating. There are 11,900 ACH Payroll <br />256