Specifications include, but are not limited to: The City desires to process water utility payments using a Lockbox service. 2.1.1 The City may also have other areas of interest in the future to utilize the lockbox functions. 2.1.1 The chart below details water payment volumes per month. Note that the total number of checks include mail, in-person, and exclusions. It is estimated that that total number of checks that would need processing by a lockbox would be around 90%. Year Month Daily Average Number of Checks Total Amount Collected Total Number of Checks* *includes payments via phone, in-person, and exceptions 2019 1 681 $2,768,776 14,309 2019 2 644 $2,113,852 12,239 2019 3 679 $2,748,353 14,253 2019 4 600 $2,225,640 13,210 2019 5 622 $2,865,877 13,689 2019 6 620 $2,284,140 12,404 2019 7 676 $3,207,444 14,881 2019 8 616 $2,945,336 13,562 2019 9 611 $3,341,618 12,218 2019 10 613 $3,359,609 14,106 2019 11 666 $2,821,791 11,994 2019 12 636 $2,573,605 13,352 Totals $33,256,041 160,217 2.2 Currently the City water bills are mailed out in five (5) bi-monthly cycles and one (1) monthly cycle. During the cycle of March 12, 2020 through May 5, 2020 the City generated 85,920 bills. 2.3 Only payments where the check(s) equals the total on the remittance coupon(s) can be processed through the normal Lockbox operations. 2.4 All remittance coupons have a bar code scan line.