The vendor is required to provide for comprehensive banking and treasury management services with a single bank for the life of the contract.
- The banking institution and the County maintain open and frequent two-way communication, provide and receive timely responses, establish services and service levels by contract or written agreement, provide and receive fair pricing and compensation, and maintain high ethical standards.
- The bank must be ranked by the Federal Reserve Board in the top 50 banks having consolidated assets of $300 million or more.
- The county currently maintains twenty-three (23) accounts.
- Collection and deposit accounts:
• General revenue: this account receives most of the general government revenues of the county; deposits may be in the form of cash, checks, and credit and debit cards, fed wires, ACHS, and book transfers; deposits may be made at branches and cash vault by armored car; disbursements are generally transfers to other accounts; this account purchases and sells investment securities.
• Convention center: this account is used to deposit the operating and capital revenues of the orange county convention center; deposits may be in the form of cash, checks (including electronic presentment), credit and debit cards, fed wires, ach, and book transfers; deposits may be made at branches or cash vault by armored car; disbursements are generally transfers to other accounts; this account may purchase and sell investment securities with debt service funds and project construction funds.
• Water utilities: This account is used to deposit the operating and capital revenues of the water and wastewater system; deposits may be in the form of cash, checks, credit and debit cards, automated clearing house (ach) debits and credits, and book transfers; deposits may be made at branches, cash vault by armored car or whole tail lockbox; disbursements are generally transfers to other accounts; this account may purchase and sell investment securities with debt service funds and project construction funds.
• Solid waste: this account is used to deposit the operating and capital revenues of the landfill and two transfer stations; deposits may be in the form of cash, checks, credit and debit cards, wholesale lockbox credits, ach, and book transfers; deposits may be made at branches, cash vault by armored car or wholesale lockbox; disbursements are generally transfers to other accounts; this account may purchase and sell investment securities with debt service funds and project construction funds.
• Board eft revenue: This account receives most of the ach and wire receipts; disbursements are generally transfers to other accounts.
• Comptroller eft revenue: this account receives most of the comptroller’s ach and wire receipts; disbursements are generally transfers to other accounts.
• Fire ambulance/inspections: this account is used to deposit insurance claims and private payments for ambulance services rendered by fire rescue, as well as inspection receipts; deposits may be in the form of cash, checks, credit cards, wholesale lockbox credits, ach, and book transfers; deposits may be made at branches or wholesale lockboxes; disbursements are generally transfers to other accounts.
• Comptroller revenue: this account is used to deposit all of the comptroller’s revenues; deposits may be in the form of cash, checks, and credit and debit cards, fed wires, ach, and book transfers; deposits may be made at branches or cash vault by armored car; disbursements are generally transfers to other accounts; this account purchases and sells investments in government pools and money market mutual funds.
• Transfers of lien: this account is a trust fund to receive and disburse amounts received for transfers of liens from one party to another; deposits and disbursements are generally by book transfer.
• Parks & recreation: this account is used to deposit payments received in the parks system in the form of cash, checks, and credit cards; deposits are typically made at branches; disbursements are generally made by book transfer.
• Red light: this account is used to deposit payments for red light running violations; deposits are in the form of cash, checks and credit cards and are made at the county administration building, lockbox or online.
• Retiree health: this account is used to deposit contributions and fund disbursements for retiree healthcare benefits; deposits are made in the form of book transfers from county; disbursements are made by book transfer to fund ach transfers to retirees.
• Comptroller tax deed deposits: this account is used for tax deed deposits from bidders and disbursements to accounts with remaining balances after auctions have been completed; deposits are made in the form of wire transfers from citizens; disbursements are generally made by book transfer.
- Contract Period/Term: 6 years
- Questions/Inquires Deadline: March 11, 2025