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transactions per year. The payroll files are transmitted via web mailbox for the bi-weekly payroll. <br /> <br />1. Please describe the bank's procedure in detail for receiving electronic payroll data. <br /> 2. What are the transmission deadlines for Direct Deposit ACH files? When (day and time) does the bank need the file from the City, and when specifically are funds debited from the <br />City’s account? <br /> <br />3. Please detail the bank’s back-up plans for data transmissions. The City requires immediate notification of any changes or problems and the ability to re-send a file or to delete a file. <br /> <br />4. What screening measures does the bank use to minimize errors on files sent to you i.e., pre- <br />notes, ABA screening, etc.? <br /> Tab K - Payroll Tax Processing: (One page preferred.) Please describe services available from the <br />financial institution to accommodate the City’s payment and reporting of payroll taxes. <br /> <br />Tab L - Overnight Sweep: (One page preferred, plus prospectus.) The City utilizes an automatic, <br />overnight DDA Sweep with all collected funds in excess of a designated balance swept into an investment fund. <br /> <br />1. Describe the overnight sweep account offered by the financial institution including overnight investment options available to maximize the City’s potential earnings. <br /> <br />2. Is the bank’s Sweep an End-of-Day or Intra-Day Sweep? <br />3. What Sweep investments or funds are available for public funds clients? Does the fund meet <br />the California Government Code for allowable investments? <br /> 4. What is the size of the Sweep fund(s)? Please provide a prospectus and sample financial <br />statements on the fund. <br /> <br />5. What are the costs associated with Sweep (monthly maintenance, set-up charges, fund expenses, transaction fees, etc.)? <br /> <br />6. Provide historical rates on your Sweep fund(s) for the past 12 months. <br /> Tab M - Balance & Detail Reporting: (One page plus sample reports.) The City utilizes web-based daily balance and detail reporting information (prior day detail). The City is interested in <br />other web-based systems that may be available. <br /> <br />1. Please describe the bank’s on-line information reporting system including cost of web-based <br />reports. The City may request a demonstration of your on-line system. <br />2. Can reports be custom-tailored for the end-user? <br /> <br />3. Can the City obtain current day (intra day) information? If so, please describe the service. <br /> <br />257