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V. COST OF PROVIDING SERVICES (Fees) <br />A. Proposals shall indicate all fees that would be charged to the City. Pricing submissions will <br />be required to use the City's format to be considered in the selection process. <br />A mandatory °COST /BID PROPOSAL FORM" along with supplemental attachments is <br />included as part of this RFP to assist you in detailing the fees charged by your bank and <br />to provide you an estimate of the volume of the City's banking activities. Any proposal <br />submitted with merely the Proposer's standard fee schedule attached, as a response to <br />the requested pricing of specified services, will be considered incomplete. The <br />completed COST /BID PROPOSAL FORM and supplemental attachments will become <br />an exhibit to the final contract for the selected bidder. <br />B. The City has historically recouped the costs of banking services primarily with compensating <br />balances and desires to settle Account Analysis deficiencies annually. <br />1. Can the City utilize compensating balances to cover or offset hard dollar fees in <br />whole or in part? Are there price differences related to the methods of payment? <br />Describe any policies or limitations related to the compensating balance method. <br />Describe the Bank's calculation of collected balances, and calculation of charges for <br />funds advanced. Also describe the methodology that would be used to give credit to <br />the City for Bank balances. <br />2. Provide the Bank's Earnings Credit Rate (ECR) and how it is calculated and applied. <br />Is it tied to an index? If so, which one? <br />3. List the Bank's actual ECR for the past twelve months. <br />4. Explain in detail how and when you charge the FDIC assessment. <br />5. What account analysis settlement periods are offered? (i.e. Monthly, Quarterly, <br />Semi - annually, Annually)? <br />6. Are Account Analysis reports available on -line? How many days after month -end are <br />the Bank analysis statements available? <br />7. If the City develops a need for additional accounts or services during the life of the <br />depository agreement will the new accounts or services be provided with the same <br />conditions as apply to the existing accounts at the time? <br />S. Describe any charges for overdrafts and /or negative collected balances. Explain how <br />the charge is computed. <br />9. What procedure is used to make any adjustments to Account Analysis statements <br />and how long does it take for adjustments to take effect? <br />10. Detail what charges can be included on the account analysis statement, <br />City of Santa Ana — Banking Services Page 17 <br />