Specifications include, but are not limited to: The Consultant will serve as a Treasury Consultant to the Town regarding its banking services. Tasks include: 1. Preliminary Review a) Review of current Town banking relationships, contracts, agreements, practices, and technological landscape b) Review of current banking services, fees, and earnings • Disbursement Services and Reconciliation • Payables Processing (check, e-payables, ACH) • Purchasing Cards • Employee Deposits • Overnight Investment Vehicles • Collateralization of Deposits • Concentration of Online Bill-pay • Fees Analysis (based on compensating balances and earnings credit rate) Merchant Services • Opportunities for further automation and the consolidation of bank services (including trust, custody, and third-party administrative banking relationships if economically feasible) c) Examine the Town’s line-item services, volumes, and pricing and perform a comparison to actual prices paid within the treasury management industry d) Consider the benefits of new banking technology services e) Assess controls f) Provide an opinion on the sufficiency of pledged collateral