Specifications include, but are not limited to: The Consultant will advise the City on industry best practices with regard to the proposed service delivery model and shared vendor approach, vendor selection, and other activities as needed with vendor, product, or service transition. 1. General Information Below is information on the City’s accounts and their purposes. General Revenue Account – depository for all incoming cash receipts, account that the City’s accounts payable disbursements are made from – Average daily balance in the month of March 2019 $16,486,928. Payroll – sweep account for a minimal amount of manual net payroll check payments to employees. Accounts Payable – sweep account for accounts payable checks issued 2. Deposit Information The general clearing account receives a mix of credit card deposits, checks, cash and electronic funds transfers 3. Disbursement Services For the calendar year 2018, the City disbursed. General Clearing – 3,163 Payroll – 24 Accounts Payable – 5,885 ACH Payments – 1,858 Reverse Wire – 28 4. Reporting Currently, the City’s reporting includes: Online reporting: ‒ Previous day composite ‒ Intraday composite (only on general clearing) ‒ Cancelled check copies Monthly account statements (accessed online) Account analysis statements Retention Requirements The City’s retention guidelines require a record kept for 7 fiscal years after the transaction has been completed.