Banking Services

The Vendor is required to provide banking services requirements will be reviewed each year by the county.
- Requirement:
1. Central depository account
•    Average monthly cash deposits: $650,000.00
•    Average number of checks issued per month: 2050
•    Average number of other withdrawals per month: 150
•    Average number of deposits per month: 85
•    Branch deposits: 85
•    Domestic wires in: 2
•    Domestic wires out: 10
•    Average number of checks deposited per month: 5,147
•    Average collected balance: $45,500,000.00
•    Average ledger balance: $46,000,000.00
2. Payroll account (zero-balance account)
•    Estimated total biweekly payroll (net): $1,340,000.00
•    Average number of checks written annually: 7872
•    Number of direct deposit transactions per month: 1200
•    ACH items originated per month: 5
3. Accounts payable account (zero-balance account)
•    Estimated total weekly disbursement: $3,300,000.00
•    Average number of checks written annually: 12,500
•    No ACH items are currently originated from this ZBA account
•    ACH deposits to vendor accounts may be utilized in the future
4. Sheriff’s deposit account (zero-balance account)
•    Average number of deposits per month: 4
•    No checks are issued from this ZBA account.