Primary Bank Depository Services

The Vendor is required to provide the college with primary depository services.
- The Payroll Account is used for payroll (Checks and ACH). The College currently employs 3,273 employees. Employees are paid either semi-monthly (15th and the last day of the month) or monthly (last day of the month). Eighty seven percent (90%-approx. 2,966) utilize ACH direct deposit. 
- If the pay date falls on a week-end or Holiday pay date becomes the Friday before. 
- ACH transmittal of payroll occurs two days prior to pay date.
- The Student Fund Account is used to make disbursements to students in the form of checks and ACH transactions.
- The District Interest & Sinking Fund is used for Bond payments.
- The Acquisition Fund I & S is used for Bond Payments.
- The New Construction Fund Account is used for construction project vendor/contractor payments.
- The E&G Fund I Account is the College’s General Operating Account used for payment of college operations such as vendor invoices, vendor ACH transactions, payroll liabilities, and employee travel. 
- Bank transfers are made to the Payroll account and to the Student Funds Account to cover payroll and student disbursements, respectively.