A. DEPOSITS 1. Bank shall receive and process all receipts deposited by the County Treasurer and the Collector of Revenue into their respective accounts. Most deposits are picked up by armored courier under a separate contract. The Bank shall provide a description of its cash vault deposit processing procedures and check deposit handling in TAB C of the proposal response. B. RETURNS 1. Bank shall, after presentment twice, charge the returned item against the particular bank account into which it was deposited. Said items shall then be returned to the County Treasurer or County Collector. 2. The County Treasurer and Collector currently require either faxed images of the returned items or an online report of all returned items. Cost for such service shall be specified in TAB B. C. ACCOUNT RECONCILIATION/POSITIVE PAY 1. Bank shall provide to the County a full reconciliation of the Accounts Payable and Payroll accounts maintained by the County Treasurer. All accounts shall have a month-end statement date.
