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2. Deposits are automatically completed on a daily basis upon receipt at the lockbox. 3. CONTRACTOR will initiate monthly ACH payments to the City's designated bank account in accordance with the revenue -share percentages. 4. Conduct daily reconciliation of all payments entered with bank deposits; 5. Charge -backs and NSF's. CONTRACTOR will process credit card charge -backs and NSF's when notified of each occurrence. Once processed, CONTRACTOR will send a custom letter to the individual detailing the returned item and the amount due on the citation. 6. File and store all source documents in an easily retrievable system; 3. REVENUE -SHARE PAYMENT PROCESS CITY and CONTRACTOR agree as follows: 1. All false alarm related fee collections will be sent to a False Alarm Bank Account ("False Alarm Account") to be established at a mutually agreeable Commercial Bank. Payments sent directly to the bank lockbox will be deposited daily. Online credit card payments, transferred from the payment processor, will be deposited in the Alarm Program bank lockbox upon receipt. 2. CITY and CONTRACTOR agree to maintain a positive balance of available funds ("Minimum Balance") at all times in the False Alarm Account; 3. At the beginning of each month, CONTRACTOR will reconcile the alarm related deposits for the most recent completed month and report the same to CITY. Upon CITY's approval, CITY and CONTRACTOR shall authorize and cause the issuance of electronic (ACH) transfers to CITY and to CONTRACTOR as follows: a. With regard to the transfer to CONTRACTOR, the amount will be calculated for CONTRACTOR based on the Revenue Share described above. That amount, not to exceed 14% of the revenue collected during the preceding month, shall be transferred to a bank and account authorized by CONTRACTOR; and, b. The remaining balance of the revenue collected during the preceding month of no less than 86%, shall be transferred to a bank and CITY account specified by CITY. 4. At the termination of this Contract, any remaining balance shall be transferred to CONTRACTOR and to CITY on the same prorata basis, e.g. 14% and 86% respectively. In addition, Contractor will continue to collect payments from the lockbox and record such payments for the CITY on an Excel spreadsheet which will be provided to the CITY on a weekly basis for 90 days. At the end of each month, for the 90-day period, Contractor will reconcile the bank statement and spreadsheet of payments after termination date and Contractor shall share those payments collected in the lockbox with the CITY and be compensated at 14% for those 90 days of payments collected after termination date. Delinquent Account Terms The parties shall define a mutually agreeable process and methods for collecting amounts due from delinquent accounts. If organizations other than the CITY and CONTRACTOR are retained