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■ Secure, dual administration (separation of duties) for initiating and approving user <br />access, permissions, wire transfers, ACH transfers, template setups, etc. <br />■ Future dated wire transfers and ACH transfers <br />■ Ability to identify via on-line reporting, by numeric code or text, the originating location <br />of deposits made by City departments <br />■ Image viewing of deposit tickets <br />■ Image viewing of canceled checks <br />■ Image viewing of Positive Pay exception items <br />■ Stop payments <br />■ Funds transfers between accounts <br />■ The City shall not be charged or penalized for an overdraft if it is the result of the <br />account balance information not being available at the specified time. <br />■ The financial institution will provide float information on all deposited items. <br />D. Account Maintenance <br />1. Statements <br />Monthly Statements showing the overall activity of the City's account(s) will be provided. These <br />reports shall include a monthly detailed analysis of the banking institution's fees for operating the <br />City's account(s). Monthly statements and images of canceled checks (front and back) will be <br />provided on CD -Rom or other mutually acceptable electronic format. The monthly statement will <br />include the amount of interest paid or fees charged as a result of the daily funds balance. <br />An Annual Bank Analysis Statement will be provided following year-end (December 31) showing <br />comparative data for the year by month and by major service cost category to be identified by the <br />City. This information will be "actual" data and shall include columns for units processed and <br />collected, and ledger balances. This report will be provided at no additional cost to the City. <br />2. Resource Personnel <br />The financial institution shall identify personnel in both the City of Everett branch and main office <br />who are available during normal working hours to answer questions pertaining to transactions, <br />requiring more detailed explanation. These personnel shall be familiar with the City's account(s) <br />and the Banking Services Contract. <br />3. Credit/Debit Card Services <br />The financial institution will provide the City with the ability to accept payment through the use of <br />credit/debit cards and review transaction detail by location via the internet. The City currently <br />accepts MasterCard and Visa cards at 26 of its locations, but may expand this service. The City <br />will be credited daily for the gross amount of the bank card transactions. Any sales discount fee or <br />percentage proposed will be billed at the end of each month as part of the activity charges. <br />1-1 L 13 <br />