Specifications include, but are not limited to: A. Balance Reporting – The City requires on-line balance reporting for daily access to its account balance information. The minimum information to be contained in the electronic reporting should be for the previous business day and include: ledger balance, collected balance, one day float amount, two-day float amount, total credits, total debits, and detail debits and credits. Access to the information through the Internet is required. Historical information should be maintained on-line and accessible for two months. B. Controlled Disbursement – The City may consider the use of a controlled disbursement account. The controlled disbursement notification should also be accessible through Balance Reporting. This information should be available and accessible by 10:00 A.M. local time. C. ACH Debit Blocking – The City could potentially in the future use ACH debit blocking capabilities on its accounts, with the ability to selectively permit specified ACH debits on certain accounts and restrict all ACH debits from certain accounts. D. Account Analysis – The City desires account analysis statements delivered to the City on a monthly basis by individual account and at group level, which will reflect average ledger balance, average uncollected funds, average collected balance, reserve requirement, average available balance, rate and amount of earnings credit, detail of services provided with quantities and unit fees for each, and total service cost. E. Bank Statements – Paper or electronic statements shall be rendered within five (5) working days after the close of the calendar month. The statement shall include debits and credits made on the last day of the period and the detail items. Bank statements should be received on a monthly basis, even if there is no activity for the account (dormant accounts). The statement must include photo copies of cleared checks and deposits.