Specifications include, but are not limited to: A qualified financial institution to provide cash management and banking services for the Town and Board of Education. The Town currently uses a pooled cash concept with a concentration account that has zero balance accounts (ZBA) linked to it. Town General Fund accounts include Revenue Collection, Accounts Payable and Payroll, and the Medical Claims Fund. The General Fund Board of Education Disbursements Account covers both Accounts Payable and Payroll. On a monthly basis, any cash remaining within the concentration account earns interest and is applied to bank fees.