Depository Services

The vendor is required to provide to serve as the depository of the county’s funds.
- The depository shall provide full-service checking accounts with two copies of the monthly bank statement and account analysis reflecting monthly beginning balance, deposits, cleared checks and other activity honored each month (electronic statements are acceptable).
- The depository shall serve as a clearinghouse for accounts through which all deposits will be made and all checks and ACH’S drawn.
- ACH debits and credits (including payroll) are drawn on this account; incoming and outgoing wire transfers are also processed through this account.
- The treasurer will also maintain zero balance checking accounts upon which checks will be drawn and money will be automatically transferred on a daily basis from the treasurer’s investment account as checks are presented for clearing.
- Incoming and outgoing wire transfers may also be processed through this account.
- One (1) of these accounts shall be zero balance checking accounts upon which checks will be drawn and money will be automatically transferred daily from the collector’s investment account as checks are presented for clearing.
- One (1) interest bearing regular checking accounts (tax impoundment account) shall be maintained upon which deposits will be maintained and checks will be drawn.
- One (1) interest bearing regular checking accounts (surtax account) shall be maintained upon which deposits will be maintained and checks will be drawn.
- Current incoming ach transactions include property tax installment payments, credit card payments from a third-party vendor (recorder and collector), payments from state and federal agencies.
- All collected funds in the treasurer and collector investment account and the collected funds in the regular interest-bearing checking accounts will be paid at this rate.
- Monthly bank statements shall reflect monthly interest earned on these investments.
- For investment securities held in safekeeping, either purchased through the depository or through outside bids and purchases, the proposal shall state if there will be any service charge for providing market values of the securities on a monthly basis.
- Contract Period/Term: 2 years
- Pre-Proposal Conference Date: May 12, 2025
- Questions/Inquires Deadline: May 21, 2025