● Cash and Liquidity Management: Implementing a pooled cash method of accounting, which combines cash from all governmental, proprietary, and fiduciary funds to optimize earnings. This includes maintaining an adequate cash balance in the Oregon State Treasury’s Local Government Investment Pool (LGIP) and performing electronic transfers to meet immediate cash needs. ● Deposit and Disbursement Account Services: Managing a primary depository account for daily deposits, including the secure handling of cash, checks, and change requests. Additionally, providing a zero balance disbursement account with a sweep mechanism to facilitate employee payroll disbursements. ● Payroll and Transaction Processing: Supporting direct deposit for payroll and utilizing electronic transaction processes such as ACH origination for outgoing payments. This also covers the creation of ACH files compatible with Willamalane’s Caselle financial software, along with the provision of check protection (“Positive Pay”) services. ● Additional Operational Efficiency Measures: Assisting in the implementation of technologies and procedures that enhance overall cash management efficiencies, such as laser printed checks on blank check stock and timely handling of deposits via scheduled courier transfers.
