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Attachment A - Zions Bank RFP Proposal-compressed_1 Attachment A - RFP Response 1 April 13, 2018 Park City Municipal Corporation Rebecca Gillis Finance Manager P.O. Box 1480 Park City, Utah 84060 Rebecca, We appreciate the opportunity to submit the following request for proposal to provide banking services to Park City Municipal Corporation. We have always had a wonderful relationship with the city as a fellow community member. We have enjoyed working closely with the administration and staff of Park City Municipal, as we have partnered together in many community events and causes. We believe that Zions Bank’s corporate values align with those of the city. Staying true to our guiding principle of creating value for our clients, we have bolstered the financial success of families that reside in Park City neighborhoods and throughout the intermountain area for over 140 years. We engage in a variety of economic development activities and projects that create value for our clients and communities. Zions Bank supports public education, affordable housing, low-income help for senior residents and military personnel. Our commitment to Park City is also demonstrated through our charitable giving efforts. We maintain regional giving committees which benefit a number of charitable organizations and other diverse groups. Through this structure, we give back in proportion to the business we do in the area. Indeed, the more business we do, the more we give back in donations that support cultural events, educational resources, low- income housing, and other worthy causes. We believe that banking is a local business. To be successful, Zions Bank must have strong ties to our local communities in which we live and work. Again, we look forward to enhancing our already strong relationship with Park City Municipal Corporation. We are confident that you will find our proposal attractive. Thank you again for the opportunity to provide this proposal to you. Sincerely, A. Scott Anderson Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 2 April 13, 2018 Park City Municipal Corporation Rebecca Gillis Finance Manager P.O. Box 1480 Park City, Utah 84060 Rebecca, We appreciate the opportunity to submit the following proposal to provide banking services to Park City Municipal Corporation. We believe Zions Bank’s corporate values align well with the city and that building on our existing partnership will benefit the residents of Park City. We are confident that the enclosed proposal will illustrate that Zions Bank is committed to be a resource and partner to the city. Zions Bank was recently recognized by Greenwich Associates as being among the nation’s top financial institutions. Zions Bancorporation was recognized with 16 middle-market and small business banking excellence awards. These awards are based on 30,000 market research interviews with businesses nationwide evaluating over 600 banks. Here are some of highlights: • Zions has been recognized with middle market awards in Overall Satisfaction and Cash Management Overall Satisfaction every year since 2009. • Since 2009 only three other banks have consistently received as many Greenwich Excellence Awards as Zions. This year we received more awards than any other competitor in our footprint. • We received distinction in virtually every Cash Management category (9 of 11), showcasing the high value that our customers have consistently placed in our cash management solutions and service teams. Having Zions Bank as your partner means you are equipped with a well-trained and diversified professional banking team that delivers market expertise with relevant industry insights to tailor payment and technology solutions, enabling you to execute and achieve your business objectives. Our team is a one-stop shop for expertise and guidance in all aspects of business banking, including Collections, Disbursements, Information Reporting, Capital Management, Employee Management and Risk Management. We look forward to the opportunity of continuing to expand our partnership with Park City Municipal Corporation. Sincerely, Crystal Low Director, Business Payments and Technology Zions Bank Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 3 Table of Contents A. LETTERS OF INTRODUCTION ......................................................................................................................................................... 1 B. TABLE OF CONTENTS ....................................................................................................................................................................... 3 QUALIFYING CONDITIONS .............................................................................................................................................................. 4 C. INSTITUTION PROFILE ..................................................................................................................................................................... 6 I. INSTITUTION OVERVIEW ................................................................................................................................................. 6 II. EXPERIENCE ....................................................................................................................................................................... 7 III. RELATIONSHIP MANAGEMENT ..................................................................................................................................... 7 D. REFERENCES........................................................................................................................................................................................ 7 E. COST PROPOSAL ................................................................................................................................................................................ 8 F. QUESTIONS AND ANSWERS ............................................................................................................................................................ 8 G. ONLINE BANKING ............................................................................................................................................................................ 11 H. ACH DEBIT SERVICES AND DIRECT DEPOSIT OF PAYROLL ............................................................................................. 14 I. BANKING SUPPLIES ........................................................................................................................................................................ 16 J. POSITIVE PAY/REVERSE POSITIVE PAY SERVICES .............................................................................................................. 16 K. SAFEKEEPING SERVICES .............................................................................................................................................................. 18 L. EMPLOYEE BANKING ..................................................................................................................................................................... 18 M. CONVERSION .................................................................................................................................................................................... 18 N. COMPENSATION .............................................................................................................................................................................. 19 O. DATA EQUIPMENT COMPATIBILITY ......................................................................................................................................... 20 P. DISASTER RECOVERY .................................................................................................................................................................... 21 Q. EXHIBITS ............................................................................................................................................................................................ 22 EXHIBIT A – BANK SERVICES BID FORM .................................................................................................................................. 22 EXHIBIT B – ADDITIONAL COSTS AND SERVICES .................................................................................................................. 24 EXHIBIT C – REQUESTED CHANGES TO THE PARK CITY CORPORATION SERVICE PROVIDER/PROFESSIONAL AGREEMENT ...................................................................................................................................................................................... 25 R. ATTACHMENTS ................................................................................................................................................................................. 27 ATTACHMENT 1 – SAMPLE BANK STATEMENT ...................................................................................................................... 27 ATTACHMENT 2 – SAMPLE ACCOUNT ANALYSIS STATEMENT ........................................................................................ 32 ATTACHMENT 3 – 2015 ANNUAL REPORT ................................................................................................................................. 35 ATTACHMENT 4 – 2016 ANNUAL REPORT ................................................................................................................................. 59 ATTACHMENT 5 – FLOAT SCHEDULE – ANYTIME DEPOSITS ............................................................................................. 72 ATTACHMENT 6 – FLOAT SCHEDULE – PAPER DEPOSITS .................................................................................................. 77 ATTACHMENT 7 – TREASURY INTERNET BANKING DASHBOARD VIEW ....................................................................... 82 ATTACHMENT 8 – SAMPLE ZIONS CAPITAL ADVISORS STATEMENT ............................................................................. 83 Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 4 MANDATORY CONDITIONS QUALIFYING A FINANCIAL INSTITUTION TO PROPOSE Proposers must meet the qualifications described in this section. 1. Location within the City limits: The proposing financial institution must be a Federal or State of Utah chartered financial institution. The financial institution must have a full- service branch located within the City limits of Park City for the full term of the banking contract. This branch must be able to offer the full range of banking services required by this RFP. Any question as to whether a proposing institution meets this qualifying condition may be submitted to the Park City Finance Manager in writing via email prior to submission of a proposal. Zions Bank, a division of ZB.N.A. is a Federally chartered financial institution with a financial center located in Park City at: 1100 Snow Creek Drive, Park City, UT 84060 This financial center is managed by Debbie Bump and can offer the City the full range of banking services required by this RFP. City employees can also conduct business at the Newpark Office at: 1483 Newpark Blvd. Park City, UT 84060. Britney Comer is the manager of this office, which also offers a full range of banking services. 2. Qualified Public Depository: The proposing financial institution must be a qualified depository for public funds pursuant to the Utah State Money Management Act Section 51-7-11. The financial institution must be a member of the Federal Reserve System and must have access to all Federal Reserve services (e.g., check processing, electronic funds transfer, etc.). The financial institution must be insured by the Federal Deposit Insurance Corporation (FDIC). Zions Bank meets the qualifications of the Utah State Money Management Act and as such is a qualified public depository. Zions Bank is a member of the Federal Reserve System and has access to all Federal Reserve services. Zions Bank is a financial institution whose deposits are insured by the FDIC. 3. Strength and Stability: The proposing financial institution shall have on file with the City an affidavit with the amount of its capital stock and surplus. The financial institution selected to perform banking services shall maintain a capital structure equal to or greater than the amount the City has on deposit with them at any time during the term of the agreement. This calculation shall include both demand deposits and term deposits such as certificates of deposit and savings accounts. Each proposing institution shall submit with their proposal one (1) copy of their annual financial report for the past two years. The successful proposer shall, for the duration of this contract, continue to furnish to the City annual financial reports in a timely manner. Zions Bank has on file, with the City, an affidavit with the amount of its capital stock and surplus, which is greater than the amount the City has on deposit with the Bank at any time. The Bank has included copies of the 2015 & 2016 annual reports (ATTACHMENTS 3 and 4); 2017 will be posted online in May, 2018. The annual report is also found online at www.zionsbancorporation.com . Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 5 4. Community Presence: The financial institution shall have a rating of “Outstanding” or “Satisfactory” on its most recent Community Reinvestment Act review. Zions Bank’s most recent CRA Rating is “Satisfactory” dated July 27, 2015. In early 2017, Zions Bancorporation approved Zions Bank’s request to allocate $205 million (over the course of three years), to be set aside specifically for commercial real estate loans related to affordable housing and other Community Reinvestment Act-qualified projects. Zions Bank recognizes the affordability challenges facing the communities located within our footprint, and we are excited to work with municipalities and with individuals who are also working to address this need. Zions Bank is dedicated to serving the community of Park City. Over the last 15 months, the Bank has made donations of more than $1,000,000 through its giving committees to Park City area organizations such as: Park City Chamber, Sundance Institute, Park City Ski Education Foundation, Christian Center of Park City, Peace House, Peoples Health Clinic, Kimball Art Center, Park City Education Foundation, Youth Sports Alliance Park City, Park City Tots, Park City Homebuilders Association, Park City Sunrise Rotary, Park City Eats, and Park City Summit County Arts Council. Zions Bank employees stay involved year after year, volunteering at annual events such as: Paint- a-Thon, National Teach Children to Save Day, Lights On Park City, Traveling Treasures, and United Way Day. 5. Legal Compliance: By submitting a proposal, the financial institution represents and warrants that it is familiar with the local laws and ordinances, and will conform to all local, state and federal laws, including but not limited to workers’ compensation and all anti-discrimination laws. To the best of our knowledge, we are familiar with and currently compliant with all applicable Federal, State, County, and City laws, ordinances, rules, and regulations, including but not limited to anti-discrimination, and workers’ compensation laws. We are also willing to accept the terms of the services agreement as found in City’s Service Agreement subject to the conditions being met as described in Exhibit C. 6. Technology: The financial institution shall have the ability to supply web-based information reporting systems and allow multiple users with different security level access, provide electronic images of cleared checks front and back, direct deposit services, wire transfers, cashier’s checks, electronic funds and automatic clearinghouse transfers. Zions Bank can provide the City with all of the above mentioned systems and services in a secure and safe environment. The Bank provides many of the best and latest security measures and safeguards to ensure the protection of the information of its clients by limiting access through passwords, encryption, algorithms and even security fobs, and soft tokens. Zions Bank meets or exceeds the industries minimum standards for the safe delivery and transmission of customer information and restricts or limits access as per the customer’s request. Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 6 C. Institution Profile: Please provide the following information: Institution Overview - General overview of the institution, certification of meeting required qualifications to propose as outlined in Section II, customer service philosophy and identification of the primary office or branch that the City will be assigned to and where the City will conduct its banking business. General Overview Founded in 1873, Zions Bank has grown to more than $12.7 billion in assets, and operates 121 full- service branches throughout Utah, Idaho and Jackson, Wyoming. The bank is an affiliate of ZB, NA., which operates in nearly 500 branches across 11 Western states and whose parent company is the $63 billion -in-assets Zions Bancorporation, included in the S&P 500 and NASDAQ Financial 100 indices. Zions Bank has been providing cash management and payment services to our customers throughout the Intermountain West for more than 26 years. Our unique approach to relationship management means a team of qualified individuals will be assigned to your account to assist in the management, support, and implementation of all products and Services. Your banking team will be responsible for answering any of the City’s day-to-day questions about banking services. Zions Bank is known for its excellent customer service in providing the products and services to meet our customer’s needs, while maintaining local decision making and relationship management. This combination of local decision-making and customer service, together with large institution sophistication and technology, truly sets Zions Bank apart from our competitors. Qualifications Zions Bank meets the required qualifications as outlined by the City. The City’s primary financial center is located in Park City at: 1100 Snow Creek Drive, Park City, UT 84060 This financial center is managed by Debbie Bump and can offer the City the full range of banking services required by this RFP. City employees can also conduct business at the Newpark Office at: 1483 Newpark Blvd. Park City, UT 84060. Britney Comer is the manager of this office, which also offers a full range of banking services. Our philosophy on customer services is as follows: The City will be assigned a Relationship Manager, Brad Heath, who in effect acts as the “quarterback” of your banking relationship. On his team is Cheryl Ginn, Debbie Bump and Brian Moore. These officers will be responsible for managing and monitoring the relationship, assuring that all banking services are functional and providing the services that have been contracted and/or requested by the City. As new financial products and services become available, your Zions relationship officers will introduce them to the City for your consideration. The relationship team at least once per year will conduct an annual review. This review will encompass every aspect of the banking relationship, and is used to ensure accuracy and consistency. During the review the City and the relationship team will determine if additional products or services are needed, whether additional training or other account updates or enhancements are required. Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 7 Experience – Institution’s direct experience in servicing public sector clients. Please include: the number of public agency clients and the dollar amount of public funds on deposit. For over 100 years, Zions Public Finance and its predecessor companies have provided financial advice to Utah municipal clients. Our Salt Lake office is home to 10 registered municipal advisors who provide financial advisory services throughout Utah. Our public finance group also includes over a dozen supporting team members who coordinate analytics, disclosure, consulting, impact fee analysis, capital facilities planning, and a variety of other specialties. During the last decade, Zion Public Finance has been involved with the issuance of over 1,000 municipal transactions totaling over $16.3 billion in par amount. Additionally, our public finance team has helped issue more bonds in Summit County than every other firm combined. During the last decade, Zions has assisted 16 Summit County entities with 29 transactions totaling over $217.8 million. Zions Bank has over one hundred fifty relationships within the public sector, with more than $700,000,000 of public funds on deposit. Relationship Management – Identify officers responsible for the City’s accounts, what each person’s role and responsibilities will be, and the relevant credentials and experience of each person on the relationship management team. Commercial Relationship Manager: Brad Heath – 10 years banking experience, specializing in commercial & small business relationships in Park City and Salt Lake City. Business Payments & Technology Senior Advisor (Treasury Management): Cheryl Ginn – 12 years treasury management experience at Zions; 30 years retail/commercial banking background. Active volunteer with Kimball Art Center, Christian Center of Park City, Peace House. Financial Center Manager: Debbie Bump – 17 years banking experience in Park City. Active in the community: Peace House Board, Big Brothers Big Sisters of Summit & Wasatch Counties Advisory Board, Park City Chamber Board, Park City Sunrise Rotary. Senior Wealth Management Advisor: Brian Moore – 16 years high-net-worth investment advisor at Zions; Over 20 years of industry experience. Actively involved in the community. D. References: Please provide three (3) references (preferably public agencies) for whom the institution has provided banking services similar to those required by the City. Include the following information for each reference: Contact name, title, name of customer, address, telephone number and number of years as customer. In order to protect the confidentiality of our client relationships, we do not provide references as part of RFP responses. References may be provided on a confidential basis if Zions Bank is selected as a finalist or awarded the business that is the subject of this RFP. Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 8 E. Cost Proposal (see Exhibit A and Exhibit B) F. Please provide answers to the following: 1. Please describe the institution’s cash deposit requirements. How should the coin and currency deposits be bundled? Is there a fee for depositing loose or rolled coin? The financial center has no requirements for depositing currency and coin. The bank will continue to process the City’s loose and rolled coin free of charge. Currency is however typically bundled by stacks of 100, and Coins are rolled by type. 2. Please provide examples of the reports for account analysis statement and the monthly statement. See ATTACHMENT 1 – Sample Bank Statement See ATTACHMENT 2 – Sample Account Analysis Statement 3. Please describe in detail the procedures for handling deposit adjustments. What documentation on discrepancies is provided? Is the documentation different for cash deposits and check deposits? What is the minimum adjustment amount? How soon would support documentation of a deposit discrepancy be provided to the City? Cash Deposit Adjustments (no minimum) Overages/Shortages - $0 to $99.99: a. Tellers complete the deposit correction notice for the amount of the difference. Tellers will include a complete description of the difference. A copy of the notice, along with a copy of the deposit ticket and shipment invoice is sent to the City. b. The correction notice is processed along with the City’s deposit. Overages/Shortages - $100 and above: a. Notify the City of the difference b. A deposit correction notice for the amount of the difference is completed, if the City requests an adjustment, and will include a complete description of the difference. c. The City’s account will not be credited without obtaining approval from the City. Check Deposit Adjustments (no minimum) All deposits are verified each evening (on the day of the deposit). If there is any discrepancy, the “Deposit Adjustment” amount will post to the City’s account and the Notification of Adjustment, containing details, will be mailed and/or emailed to the City. It is standard procedure for the Financial Center Manager/Assistant Manager to try and resolve any customer problem within the first 24 hours upon being notified of any problem. On occasion a problem may take more than 24 hours to resolve, and in those instances the Financial Center Manager/Assistant Manager will involve all those who need to be involved and will try to determine a timeline for the resolution. Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 9 4. What are the cut-off times for deposits at the local branch? If the institution has more than one branch, identify the time and branch(es) where the daily deposit(s) will be accepted. Is pricing different for night drop services? How are deposit adjustments and the related notification and support documentation handled for night drop deposits? Please describe the returned item handling and notification procedures. How long does it take returned items to be sent to the City? Can returned items be automatically re- deposited? If so, how many times? The Park City branch offers same day ledger credit for deposits until 6:00pm M-F for checks, and immediate credit for all cash deposits. This branch also has an ATM that can accept cash (not coin) and checks up until 8:00pm where the City can receive same day ledger credit for checks and immediate credit for cash. Anytime Deposit Scanner deposits submitted by 9:00 pm Mountain Time (MT) are posted to the account the same day. Deposits submitted after this time will be posted the next business date. Weekend deposits and Federal holiday deposits will be processed the next business date. For night drop, Zions Bank ensures that two bank employees are present when deposit bags are opened (dual control), and deposits are processed before banking hours while the doors are locked. In addition, Zions Bank’s branch capture operators identify and adjust all discrepancies. The Financial Center Manager will contact the customer and help to resolve any discrepancies that might arise (usually within 24 hours). Night drop discrepancies are handled similar to those occurring during regular daylight hours. It normally takes 24 hours for a return item to be returned to the city but can take up to 2-3 days depending upon the originating financial institution’s response. If requested Zions Bank can automatically re-deposit checks twice before they are returned to the City. Zions Bank can post NSF checks a single time, after the second presentment rather than after each presentment. For this special request, Zions Bank would need to set up the account on the front end so as to allow for the NSF checks to post only once after the second presentment, rather than after each presentment as is the norm. 5. Can change orders for $500 or less be made available to City departments without advance notice? Zions can handle small change orders without an advanced notice. In the case of an emergency we prefer advance notice of 15 minutes so we can take personnel off the teller line to enter the vault, where they can fill the change order. 6. The institution will be required to provide certain transaction confirmations and respond to other requests for data as needed from the City’s auditors. Will the bank be able to comply with such requests? Zions Bank will work with the City to pull reports and queries as needed. The Bank can also provide timely reporting for the City’s auditors, and will be available to respond to requests in a reasonable Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 10 and timely fashion. Zions Bank has a group of product managers and system managers that are at the disposal of the City’s banking team. The banking team for the City will be available to work with or direct the auditors to the systems managers or operations personnel that can provide the needed reporting or information. Any requested reports will be sent through electronic mail and password protected for security. Reports and queries will be pulled within 3 business days at the most (usually less). 7. The City has not been in an overdraft position for years, however, what is the institution’s policy regarding daylight (intra-day) overdrafts? Is there a charge for DOD’s and if so, how is it calculated? Is there a daily cap on fees? Will the institution guarantee payment of all items even if it results in the account being overdrawn temporarily for the day? What is the institution’s policy regarding Interday Overdrafts? Is interest assessed on overdrafts and if so, how is that rate calculated? The two types of overdrafts that can occur are daylight and overnight overdrafts. A daylight overdraft occurs when funds in a checking account for the City are withdrawn during the day leaving a negative balance in the account before any deposits are made to cover those items. An overnight overdraft occurs when collected funds in the City’s checking account cannot cover debits posted to the account, leaving the account with a negative balance even if there are uncollected funds in the account that would cover the overdraft. Zions Bank will provide Overdraft (OD) protection for all disbursement accounts and ACH payments. Overdraft charges are handled through the analysis statement process. Overdraft charges when applied are consistent among all commercial customer accounts. • Per Item Fee is $35; There is no daily cap for businesses. • The Overdraft Service Fee is currently Prime + 4% • The Uncollected Funds Usage Fee is currently Prime + 2% Any uncollected funds caused by an overdraft are not netted against positive balances in other accounts during the month-end analysis process. 8. How does the institution determine and calculate availability of deposited items? Does the institution give immediate availability for on-us items? Does the institution calculate availability by item or formula? Please provide a copy of the funds availability schedule the institution proposes to use for the City. Describe one day, two day availability and wire requirements. If a deposit is made using Zions Bank’s Anytime Deposit service: Availability is calculated based on the time the deposit was scanned. We do give 100% immediate availability for on-us items. Availability for transit items are calculated based on the ABA number that the check is drawn on and then a fraction is applied. If a deposit is made through traditional methods (Paper Deposit): Availability is calculated based on the business day the deposit was received (before the branch closed). We do give 100% immediate availability for on-us items. Availability for transit items are calculated based on the ABA number that the check is drawn on and then a fraction is applied. Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 11 Funds Availability Schedule Zions Bank offers the following funds availability schedule for (local) deposits: Deposited Funds Funds Availability Qualifiers Coin & Currency Same Day Availability Items Drawn on Depository Same Day Availability Before 6pm MST Wire Transfers Same Day Availability Received before 3pm MST Next Day Availability Received after 3pm MST ACH Credits Same Day Availability Items on Local Banks Next Day Availability Before 6pm MST Book Transfers (ATM) Same Day Availability Items in Transit See Float Schedules (ATTCHMENTS 5 and 6) Investment Maturities Same Day Availability Letters of Credit Same Day Availability Same Day Availability = Immediate Credit Online Banking: Does the financial institution’s online banking services include, at a minimum the following capabilities: • secure, dual administration (separation of duties) for initiating and approving user access, permissions, wire transfers, ACH transfers, template setups, etc., • wire transfers and ACH transfers, • ability to download electronic monthly statements in an electronic file that can be exported to Excel, • ability to identify via online reporting, by numeric code, the originating location of deposits made by City departments, • daily detailed account reporting showing beginning and ending ledger balances, collected balances and available balances. Please provide a sample of prior day and intra-day reports that would be the best example of the system’s capabilities, • image viewing of deposit tickets, • image viewing of canceled checks, • stop payments, • funds transfers between accounts, and • viewing of float information on all deposited items. Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 12 Zions Bank offers an online banking service that provides for all of the above requested services and more. Anytime Gateway Zions Anytime Gateway services provide a secure web browser-based suite of electronic services that allow the City to manage your banking activity online. The web based application is built to meet the City’s specific needs, while being easily customizable to suit countless viewing preferences. With Anytime Gateway you can do your banking services 24 hours a day, wherever, and whenever you like. By utilizing your own IDs, password authentication, data encryption and internet protocol security, you are assured that all of your cash management activities remain within a totally secure environment. Client Self Administration The Anytime Gateway service offers the City the option to manage user privileges on your own time frame. The City can add new users, assign user access and security privileges, change user permissions or remove users at your discretion, without having to send anything to the bank. Wire Transfers The wires module for Anytime Gateway enables you to create, approve or reject outgoing domestic, international, draw-downs, and tax wires. The system also gives you the ability to setup wire templates. The City will be able to view and manage either the individual payment or list of wires pending and wires processed. ACH The ACH module for Anytime Gateway enables you to create, approve or reject, and manage an ACH payment and ACH templates. It also allows you to view and manager either the individual payment or list of ACH’s pending and ACH’s processed. Originate and upload your ACH files directly while eliminating multiple calls to different systems to perform all your cash management functions. Check and Deposit Images This module facilitates research and postings to your accounts receivables with the ability to view images of paid check and deposited items. A built-in image viewer gives you the ability to review individual items without downloading software. Stop Payments Anytime Gateway gives the City the ability to place stop payments online quickly and easily in real time and receive automatic confirmations online. The City can also inquire about the status of their checks, cancel stop payments previously issued, and maintain an ongoing status review of currently active stop payments via reports. Transfers Quickly and easily transfer funds between enrolled accounts on Anytime Gateway; it has never been easier to move funds between two or more accounts. Transactions are processed in real time and are reflected in the Same Day balance reporting information, providing verification of processing and easy reconcilement. Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 13 Balance and Transaction Reporting The Information Reporting module for Anytime Gateway enables the City to view summary level Current Day and Prior Day balances and transactions on all accounts, with additional detail available at the click of a mouse. It also allows you to customize the current day and prior day balances view, and view various balance reports. Each morning the City can login and view information needed to determine cash positions on each account, including ledge, collected, float and transaction types. Transactions such as ACH and Wire Transfers can be viewed in detail by hovering over the pop up window. For same day transactions, the detail is retained for 90 days, for prior day transactions the retention is 180 days. Bank Reports-A variety of bank reports are available online, such as: • Current Day Summary, Current Day Detail • Previous Day Summary, Previous Day Detail • Paid Checks • Wire Summary, Wire Detail • ACH Summary, ACH Detail Custom Reports: • Can be created from any of the standard bank reports and tailored to your needs. Special Reports • ACH Returns – All returned ACH transactions as well as Notification of Change (NOC) are detailed on this report, including reason for return. • Analysis Statements – View a detail statement listing all products and the volume that processed through the account. • Bank Statements – View the monthly bank account statement, the first business day of the new month after the statement is generated. Statements available online for 18 months. • EDI Reports - View details of incoming ACH transactions that include addenda, CTX or EDI information in an organized and readable format Export Capabilities Export any balance reporting information BAI2, Excel, QuickBooks, and Microsoft Money, SWIFT MT940 or customized delimited or fixed width files: format for permanent storage on the customer’s local directories, or for further integration into the host systems. eLearning Anytime Gateway training is conveniently available through Zions online training tutorials. Last minute questions and “how to’s” can be answered from your desk without making a phone call. The narrative tutorials can be accessed online and at any time within Anytime Gateway. Anytime Gateway is getting a FACELIFT! Over the next few months, Zions Bank will be migrating the City’s account from “Anytime Gateway” to the new “Treasury Internet Banking” platform. (The City’s migration is tentatively scheduled for August, 2018.) All access and entitlements will remain the same, with an improved look, as well as, access to some new great features: • Configurable Dashboard (ATTACHMENT 7) • Concise Account Reporting • Simplified Administration • Extended History Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 14 ACH Debit Services and Direct Deposit of Payroll: The City processes a direct debit batch once a month for the payment of both residential and commercial utility bills. The City also processes payroll up to five (5) times a month. Payroll will be an ACH transaction to ADP for paydays that occur every other Friday for staff. City Council and Boards are paid monthly. Other miscellaneous ACH transactions such as retirement fund transfers, sales tax transfers and federal tax payments flow through the account each month. Please provide answers to the following: 1. Please describe the institution’s ACH and Direct Deposit online banking service. ACH Services Zions Bank offers the City ACH Services through Zions online Anytime Gateway system. Using Anytime Gateway, ACH transactions may be hand entered into specified batches and sent at specific times and/or NACHA formatted files can be imported into Anytime Gateway. All batch information may be retained and maintained on the system for up to180 days. ACH Debit Services (Collect Utility Bills) Currently, the City initiates debit files to collect residential and commercial utility bills. It is recommended that files be delivered by 4:00 p.m. MST through Anytime Gateway one day prior to the effective date. Recently, “same-day” ACH debits have been made available. To qualify for “same-day” each item in the debit file must be less than $25,000 and the file must be received by the bank no later than 11am MST. An additional fee is assessed for “same-day” ACH transactions. Direct Deposit of Payroll The direct deposit of payroll through ACH automatically deposits employees’ checks into their bank accounts. Direct deposit services allow for a timely and efficient deposit of employees’ payroll checks, no matter where they bank. ADP will be processing the City’s payroll. ADP may draft the City’s account or process a “Draw-down Wire” for the total amount of payroll. ACH Credit Services (Bill Pay Feature) ACH Disbursements can also be initiated to distribute funds to your own accounts at other institutions, to pay vendor invoices; or to reimburse employees for business expenses. Recently, “same-day” ACH credits have been made available. To qualify for “same-day” each item in the credit file must be less than $25,000 and the file must be received by the bank no later than 11am MST. An additional fee is assessed for “same-day” ACH transactions. • What are the different ACH file transmission options available to the City? • Anytime Gateway – o The ACH module for Anytime Gateway enables you to create, approve or reject, and manage an ACH payment and ACH templates. It also allows you to view and manage either the individual payment, or list of ACH’s pending and ACH’s processed. Originate and upload your ACH files directly while eliminating multiple calls to different systems to perform all your cash management functions. Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 15 • Direct Send – NACHA formatted files are sent directly from the City to Zions Bank, to process through the Federal Reserve. • Integrated Payables – o Integrated Payables is a fully integrated invoice-to-pay solution that automates your accounts payable and payment process. Issue commercial card, ACH and check payments from a single location. Replace the manual and time-consuming process of collecting, approving, tracking and paying invoices with an end-to-end customizable electronic workflow. Experience the benefits of increased AP efficiency, reduced processing costs, greater control of outgoing cash flow, reduced payment risk and improved internal accounting controls. • E-Invoicing and Payments o Zions Bank has recently added an exciting new electronic bill payment service to its product lineup called e-Invoicing & Payments. This service will allow your residents to make online utility payments at any time, and provide a tracking solution with which you will be able to see the status of expected payments. ▪ It is an all in one receivables solution that offers: ▪ Credit/Debit Card Processing ▪ ACH e-Check Processing ▪ Email Invoicing ▪ Customer Management ▪ Fully Customizable Web Payment Forms ▪ and Recurring Billing • What are the transmission deadlines for ACH files? When (day and time) does the institution need the file from the City? ACH Batches are picked up throughout the day at 9am, 11am, 1pm, 3pm, 4pm, 5pm and 6pm – MST. To take advantage of the newly adopted “same-day” ACH payments, the file must be received by the bank by 11am. • What are the hours of operation of the ACH unit? Zions Bank ACH services are available from 8:00am to 6:00pm MST. Our ACH Processing unit observes all Federal Reserve Bank holidays. These are days that the bank itself will also be closed. • These days include: o New Year’s Day, o Martin Luther King Day, o President’s Day, o Memorial Day, o Independence Day, o Labor Day, o Columbus Day, o Veteran’s Day, o Thanksgiving Day, o Christmas Day Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 16 2. Please detail the institution’s back-up plans for data transmissions. The City requires immediate notification of any changes or problems and the ability to re-send a file or to delete a file. Zions Bank’s high-level security standards, which include a variety of internal checks and balances, help protect the accuracy of ACH information. As with other banking services, Zions Bank has established key quality indicators for our ACH processing which are tracked regularly. Zions Bank is a Member of the National Automated Clearing House Association (NACHA) and The Western Payments Alliance (West Pay). These associations allow us to provide a high level of security, operational assistance, support, education, and training services. When deleting or resending a file the City should notify the Bank before the file is uploaded to the ACH system. Electronic confirmations on all ACH transfers can be emailed or faxed to ensure transfer is complete. Returned ACH payments shall also have an electronic confirmation. 3. What screening measures does the institution use to minimize errors on files? Using the Anytime Gateway ACH module, file origination may be verified for accuracy using the ACH reporting mechanism. File transaction counts, dollar totals, and batch detail information is readily available or available upon request. This information is available directly after the approval process is complete showing date time user sending the file and other information as outlined above. 4. How does the institution handle file, batch and item reversals and deletions? In the case of an ACH return/reversal, the City is notified electronically via Anytime Gateway as soon as Zions Bank is notified by the receiving institution. The notification contains all pertinent information from the initial ACH along with the reason for the return. Again, in the case of deletions or when resending a file the City should notify the Bank before the file is uploaded to the ACH system. Banking Supplies: Currently, at no additional charge, the City is provided triplicate carbonless deposit slips encoded with each depositing department’s code number and plastic deposit bags. Does the institution charge for this service? Zions Bank will continue to provide the City with triplicate carbonless deposit slips encoded with each depositing department’s code number and plastic deposit bags. Positive Pay/Reverse Positive Pay Services: Describe the institution’s ability to provide Positive Pay or Reverse Positive Pay services on checks and ACH debits. What type of data transmission can the institution accept? What is the deadline for the transmission of check issuance files to the institution? How much time will the City have to review discrepancies and notify the institution to reject? Zions Bank can provide the City with Positive Pay or Reverse Positive Pay services. The Bank also offers an ACH Positive Pay service. Zions’ Positive Pay service offers flexible file import capabilities, by accepting virtually any file format. Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 17 The City will have from the time the issue file is submitted in the morning by about 8:00am (files are uploaded every 30 minutes) until 2:30pm MST to review exception items and decide to return or pay the item. Positive Pay Zions Bank can offer a complete Positive Pay solution to Park City. At each check run, the City will provide Zions Bank a file complete with check issuance information, listing all disbursements. Once the information is in the Zions Bank system, it is compared to checks as they are presented for payment. If the serial numbers and dollar amounts of presented items match exactly the checks will be paid. The Bank can receive more than one Positive Pay file each day for any number of the City’s accounts. Each file received from the City will be compared against items presented each day. If there are any unmatched items, they are reported to the City as Positive Pay exceptions, and the City will report to the Bank via NextGen which of those exception items to honor. The exception item image can be viewed on our NextGen system. Decisions must be made on exception items by 2:30pm MST. If no decision is made by 2:30pm the system will default to either return all or pay all, as decided previously. The City when approving exception items will instruct the Bank on a check-by-check basis to pay items, or to return items if not approved, for each account. Reverse Positive Pay An alternative to the Positive Pay system offered by the Bank, would be a reverse Positive Pay process. The City does not send the Bank a check issue file; rather, the Bank would send to the City a daily listing of the items which have been presented for payment, and the City would do the comparison against their database of issued items. The City has currently elected to use this method as part of the daily posting of checks. The City, if desired, can make changes to this process at any time. ACH Positive Pay As electronic payments become more widely used, with it comes an increase in occurrences of ACH fraud. Zions Bank offers a product that can protect the City’s accounts from unauthorized debits. ACH Positive Pay is an inexpensive and simple way to prevent unauthorized electronic transactions and manage the inventory of the acceptable ones. Each time an ACH debit is presented to the City’s accounts; Zions Bank will notify the City via email of the debit. The City will login to the Bank’s Positive Pay system to view the item and decision if the item needs to be paid or returned. If the ACH debit is from a company that has been authorized to debit the account, the City can create a filter providing the Bank with the company’s name, ACH company id and a dollar limit. By creating a filter, the City is authorizing the Bank to allow ACH debits from that company to automatically post to the account and will no longer be exception items. With the adoption of “same-day” ACH transactions, a second window has been opened to review ACH debits presented. ACH exceptions are generally available for review by 5am MST each business day. “Same-Day” ACH exception will be for review by 3pm MST, with a decision cut-off time of 5pm MST. The online platform for Positive Pay and ACH Positive Pay is a self-administered system. The City can add/delete users, grant permissions to users, manage accounts, assign passwords, and audit activity. Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 18 Safekeeping Services: Occasionally, the City maintains a fixed-income portfolio with assets of approximately $5 million. Describe the institution’s safekeeping services including an example of monthly reports that would be provided to the City. Please provide a schedule of fees for this service. Zions Capital Advisors does not charge a separate “safekeeping fee”. Safekeeping is included in the Investment Management fee. See ATTACHMENT 9 for sample of the monthly report from Zions Capital Advisors. Employee Banking: Describe in detail the package of employee banking services that the institution proposes to provide to City employees that use direct deposit for their payroll. Currently our employees are offered a free checking account that includes the following: No monthly service charge, unlimited check writing, no minimum balance requirement, free bill pay for twelve (12) months, debit card and free online banking. Zions Bank is happy to offer the employees of Park City Municipal Corporation the products and services offered by our group banking program. This added benefit provides the City employees with discounts as well as no fee banking services as a benefit of the relationship with the Bank. Zions Bank @ Work Advantage Checking • Monthly Fee $5 (can be waived with $250 minimum direct deposit or daily minimum balance of $500) • Can be opened with as little as $50 • Free “Zions Bank Exclusive” design checks • Free (3 x 5) Safe Deposit Box • Free Online Banking; Mobile Banking, Bill-Pay, Visa Debit Card Conversion: The City requires a smooth and low-cost transition to a new institution. Please describe the institution’s plan to implement the proposed services and to ensure a smooth, error-free conversion. Please detail all costs and the responsible party (institution or City) associated with the conversion of all the new services. Park City Municipal currently uses many of Zions Bank’s products and services. If the City elects to continue its relationship with the bank, refresher training and reviews can be conducted where needed. Also, if the City needs training for any new employees, the City’s banking team can provide this at any time. There are no costs to the City to provide trainings for current or new products and services. The Zions Bank team assigned to the City will work directly with the City to complete all necessary documents, contracts and agreements and work to ensure a smooth contractual process in order to continue banking with Zions Bank. Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 19 1. Indicate the plans for educating and training City employees in the use of the institution’s systems. In the course of ordinary business, new employees as well as veteran employees, will be offered trainings on any new products or services, and any new updates to existing systems. Many of the online services have tutorials available online for customer use. The City’s banking team and support personnel are also available for re-trainings or reviews of existing services as requested. 2. Describe in detail how the institution handles problem resolution, customer service, day- to-day contact and ongoing maintenance for governmental clients. Please be specific about exactly whom the City will be calling and working with for the above described situations. The City will be assigned a Relationship Manager, Brad Heath, who in effect acts as the “quarterback” of its banking relationship. On his team is Cheryl Ginn (Treasury Management) and Debbie Bump (Financial Center Manger). Additionally, Marci Gines, the Park City Financial Center Assistant Manager and Daniel Mendez, Treasury Management support, are available and trained to assist. These bankers will be the day-to-day contacts responsible for managing and monitoring the relationship, assuring that all banking services are functional and providing the services that have been contracted and/or requested by the City. As new financial products and services become available, your Zions team will introduce them to the City for your consideration. When the City needs to research or validate transactions, two methods can be used. First, a direct phone call or email to Debbie and Cheryl for help is the City’s quickest source of assistance. Second, a more technical method is to use the online service Anytime Gateway to research and validate any historical transaction within the last 180 days. If there is a change or an adjustment that needs to be made to the account, Debbie and Cheryl will resolve the problem. Their response will be immediate and any adjustments shall be made within 1-2 business days. Compensation: Compensation shall be provided either in the form of a compensating balance or direct fees basis. The City currently uses the direct fees basis. The City shall, at the beginning of the contract period, specify which method of compensation will be used. 1. What is the institution’s Earnings Credit Rate (ECR) based on, and how is it calculated? List the institution’s actual ECR for the months of November and December 2017 and January 2018. Is the account analysis settlement period monthly? Zions Bank can offer the City an offset to monthly banking service fees in their operating account through earnings credit. Zions Bank will offset fees and account maintenance charges in commercial checking accounts according to the average collected balances in an analyzed account. If the earnings credit is more than the per item charges then there is no cost. The account analysis settlement period is monthly. No earnings credit can be carried forward into a future month. If monthly earnings credit is less than per item charges the difference will be charged to the account. Zions Bank’s ECR is set by the Pricing Committee. It is tiered, based on balance. For the months of November 2017, December 2017 and January 2018 the ECR was as follows: Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 20 The City’s account analysis settlement is monthly. 2. Please detail exactly what types of items and services can be applied against the City’s account analysis in addition to standard banking services. Is there a mark-up for any of the items? If so, how much? Zions Bank will offset treasury product fees and account maintenance charges in commercial checking accounts according to the average collected balances in an analyzed account. 3. What procedure is used to make any adjustments to account analysis statements and how long does it take adjustments to take effect? How are adjustments handled if the analysis period has already ended? If there is an error found on the account analysis statement prior to the end of the statement period (usually month-end) an adjustment can be made by contacting your Treasury Management Officer or vice –versa if the bank has found an error. Usually this can be adjusted or corrected within 1-2 business days. If the analysis period has already ended, any adjustments made will be reflected in the following month’s statement. Data Equipment Compatibility: The City heavily relies on online transactions and wishes to ensure equipment and data compatibility and therefore requests the specifications needed for an automated wire transfer, ACH debit and credit, balance reporting and any other automated systems be included in this proposal. Any costs associated with automated data and equipment should be identified in Exhibit B if not already listed in Exhibit A. Zions Bank offers some of the banking industries’ best products and services. In doing so we use equipment and technology that is compatible with most of the existing hardware and software in the marketplace. We provide systems that offer many choices or features to ensure compatibility with our clients’ equipment. Compatibility of equipment is a significant concern to us when considering products and services, as is the safety and security of our systems. Balance ECR $25,000 0.100% $50,000 0.100% $150,000 0.145% $250,000 0.145% $500,000 0.145% $1,000,000 0.180% $2,500,000 0.180% Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 21 Disaster Recovery: 1. Describe the institution’s formal disaster recovery plan. Zions Bancorporation and the Zions affiliate Banks maintain Business Continuity Plans (BCP) for all of the business units across the enterprise. These plans provide for and document the necessary steps to recover business functions in the event of a disruptive event. The Information Technology processes and systems that support core bank functions have been documented for disaster recovery and those plans and procedures have been and are tested on an annual basis according to the Corporate Business Continuity Policy. The Policy and the various plans are audited on an annual basis by Zions Internal & External Auditors, the OCC, the FDIC, and the Federal Reserve Bank. Zions Bank’s BCP program is current across the enterprise and has been rated Satisfactory by the auditors and regulators. In April 2017 all Financial Center plans, including the Park City Financial Center, were reviewed and validated by each Financial Center Manager, Regional President, and the Business Continuity Manager. As part of this annual approval process, all Financial Center employees were required to review the plan for their location and participate in an exercise (test) of the plan for their location. By Policy these plans are updated monthly and receive a complete review by all staff and management in April of each year. Annual testing of these plans is also conducted in April. Zions Bancorporation’s primary production data center is located in Salt Lake City, Utah. We maintain a secondary disaster recovery data center in Houston, Texas. Duplicate hardware for critical applications is maintained at the recovery site in Houston. The Houston disaster recovery data center houses sufficient computing systems, networking hardware, and data storage systems to run our and our affiliates’ critical business operations. Business data generated at our main data center in Salt Lake City are made available to the disaster recovery data center systems, allowing for a rapid switchover should the need arise. Technical support staff located at the disaster recovery data center supports and maintains both the production and the disaster recovery hardware and data exchange. The most recent series of systems tests were last conducted during January of 2018 and additional systems testing is scheduled throughout 2018. 2. How quickly will back-up facilities be activated? Depending upon the severity of the disruption, the response and conversion time can be anywhere from a few hours or less, to a few days. Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 22 Services Provided Average Month Bid Charge Per Item Total Estimated Monthly Charge ZBA Master Account 1 0 -$ ZBA Subsidiary Account Maintenance 1 0 - Average Daily Balance 3,073,436 0.13 344.05 Replacement Tokens 0 0 - Deposit Bags 0 0 - Deposit Verification 0 5 Credit Entries 165 0.055 9.07$ Deposit Adjustments/Check 0 0 - Debit Entries 876 0.055 48.18 Items Deposited - On Us 21 0.055 1.15 Items Deposited - Local 133 0.06 7.98 Items Deposited and Returned 2 4 8.00 Currency Handled per $100 567 0 - Rolled Coin 0 0 - ACH Debits Received 38 0.15 5.70 ACH Credits Received 331 0.055 18.20 Average Cash/Checks Deposited Monthly 0 0 - Imaged Checks Deposited Monthly 0 0 - Holding -FRB DTC Book Issues 0 0 - Incoming Wire 1 12 12.00$ FP - Fedwire - REP 9 12 108.00 FP - Fedwire - Non REP 1 12 12.00 VAULT SERVICES 0 - Coin Dep Uncounted Mix Bag 3 3 9.00 AR Partial - Checks Paid 876 0 -$ AR Positive Pay Return 2 5 10.00 AR Maint - Reverse POS Pay 2 0 - AR ACH POS Pay Monthly 1 25 25.00 AR ACH POS Pay Filter Add 1 0 - AR ACH POS Pay Exceptions 6 1 6.00 ACH Return or Reject DR Entry 4 4 16.00$ ACH Return or Reject CR Entry 1 4 4.00 ACH Item Deletion/Reversal 0 15 - ACH Overlimit 0 30 - ACH Service Setup/Renewal 0 250 - ACCOUNT RECONCILIATION SERVICES GENERAL ACH SERVICES GENERAL ACCOUNTING SERVICES DEPOSIT SERVICES WIRE TRANSFER SERVICES Exhibit A – Bank Services Bid Form Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 23 Check Return Acct Maint 0 0 -$ Stop Payments Module 1 7.5 7.50 Stop Inquiry 7 0.35 2.45 Book Transfers Module 1 5 5.00 Account Maintenance 3 15 45.00 Electronic Report Delivery 7 3 21.00 Stop Pay - 6 Months 0 15 - Stop Pay - 12 Months 0 15 - Same Day Reporting Module 3 12 12.00 ACH Entry 2,427 0.13 315.51 ACH Addenda 8 0.07 0.56 Image Per Account 2 6 12.00 Deposited Item Image - Acct 2 6 12.00 BAR-Prev Detail 1,521 0.08 121.68 BAR-Same Detail 669 0.08 53.52 ACH Module 1 25 25.00 BAR-Prev Summary 500 0 - BAR-Same Summary 355 0 - Wire Transfers Module 1 12 12.00 Stop Payment Range - 6 Mos 0 15 - Credit Card Accounts 3 1 1.00 Total Users Enrolled 0 0 - AD Credit 21 0.055 1.15$ ADItem - On Us 169 0.055 9.29 AD Item - Local 0 0.06 - AD Items Deposited - Other 1,325 0.06 79.50 AD Basic Service Fee 1 10 10.00 AD Review 100 0.3 3.00 AD CAR/LAR & IQA - Monthly 0 0 - Transaction Reporting 1,431 0 -$ Check Image Reporting 0 0 - Current Day Reporting 0 0 - 1,393.49$ Note: Services represented within this listing and volume counts are based upon current banking services contract and reflect the current service provider's terminology. This is intended for use as a guide only. If there are other serivces and/or charges, which are part of the RFP, please specifify them and add them into the Exhibit B. INFORMATION SERVICES ELECTRONIC CHECK PROCESSING BUSINESS INTERNET BANKING TOTAL Exhibit A – Bank Services Bid Form Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 24 Exhibit B – Additional Costs and Services Service Description Summary Item Cost Monthly Cost Full Check Positive Pay (send files to bank)10 10.00$ - Integrated Payables - iPay Business Bill Pay Setup 0 - iPay Business Invoice-To-Pay Setup 0 - iPay Bus Billpay Service (Monthly)10 10.00 iPay Inv-To-Pay Service (Monthly)75 75.00 iPay Per Check Processed 1.3 - iPay Per ACH Processed 0.25 - iPay Per Pay Invoice Captured 2.75 - - - Commercial Card Program (Purchasing Card)0 - - - Merchant Bankcard Processing To be priced - based on volume - - - - - - Total 95.00$ Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 25 Given the highly technical nature and evolvement of the services, we would ask that the City consider the following as they relate to the Service Provider/Professional Services Agreement (the “Services Agreement”): • Payment for services under the Services Agreement shall continue to follow current invoicing practices between the City and the Service Provider. Under certain services, fees are or may be assessed for each transaction. The terms of any such fees will be disclosed in a fee schedule and/or through the current invoicing practices between City and Service Provider. • Under the Services Agreement, the City may exercise any examination or audit rights that are provided to it by law, however, as a highly regulated national banking association, we generally do not permit an audit or examination of our internal information by our customers. • We would ask that the following language be excluded from Section 7 of the Services Agreement entitled “Hold Harmless Indemnification” until there is clarification provided to the Service Provider as to what it means: The Service Provider shall indemnify and hold the City and its agents, employees, and officers, harmless from and shall process and defend at its own expense any and all claims, demands, suits, at law or equity, actions, penalties, losses, damages, or costs, of whatsoever kind or nature, brought against the City arising out of, in connection with, or incident to the execution of this Agreement…. • As a practical matter, we not carry Data Breach and Privacy/Cyber Liability Insurance or Technology Errors and Omissions Insurance as we essentially self-insure against such risks. We would ask that those requirements be removed from Section 8E and 8F of the Services Agreement or that a provision is added that states something to the effect that we view ourselves as “self-insured” against those risks. • Given the highly specialized nature of the services, and as both parties contemplate that additional related contracts will need to be executed in conjunction with the services per the “Contract Period” of Section V of the Request for Proposals, we would ask that the following provision be added as Section 22 of the Services Agreement: 22. OTHER AGREEMENTS INCORPORATED BY REFERENCE. The provisions in Service Provider’s Treasury Management Master Services Agreement, Summary of Services, Deposit Account Agreement, and Specifications (including all set-up details, authorizations, procedures, protocols, applications, instructions, guidelines, manuals, fee schedules, and training materials) are hereby incorporated into this Agreement by reference. If such language is not acceptable, in the alternative, we would propose the removal of Section 21. Exhibit C – Requested Changes to the Park City Corporation Service Provider/Professional Services Agreement Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 26 Our Information Technology Practices are constantly changing in order to comply with evolving laws and regulations and to protect and provide the best service to our customers in a rapidly changing banking and technology environment. While we have reviewed Exhibit B to the Services Agreement, entitled Technology Support, Infrastructure and Security and don’t foresee any problems, we would reserve the right upon winning the bid to comment and/or request changes on any provisions therein to ensure with our Information Technology personnel that such provisions are still compatible with our current practices. Exhibit C – Requested Changes to the Park City Corporation Service Provider/Professional Services Agreement Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 27 Attachment 1 - Sample Bank Statement Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 28 Attachment 1 - Sample Bank Statement Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 29 Attachment 1 - Sample Bank Statement Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 30 Attachment 1 - Sample Bank Statement Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 31 Attachment 1 - Sample Bank Statement Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 32 Attachment 2 - Sample Analysis Statement Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 33 Attachment 2 - Sample Analysis Statement Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 34 Attachment 2 - Sample Analysis Statement Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 35 Attachment 3 – 2015 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 36 Attachment 3 – 2015 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 37 Attachment 3 – 2015 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 38 Attachment 3 – 2015 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 39 Attachment 3 – 2015 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 40 Attachment 3 – 2015 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 41 Attachment 3 – 2015 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 42 Attachment 3 – 2015 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 43 Attachment 3 – 2015 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 44 Attachment 3 – 2015 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 45 Attachment 3 – 2015 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 46 Attachment 3 – 2015 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 47 Attachment 3 – 2015 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 48 Attachment 3 – 2015 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 49 Attachment 3 – 2015 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 50 Attachment 3 – 2015 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 51 Attachment 3 – 2015 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 52 Attachment 3 – 2015 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 53 Attachment 3 – 2015 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 54 Attachment 3 – 2015 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 55 Attachment 3 – 2015 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 56 Attachment 3 – 2015 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 57 Attachment 3 – 2015 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 58 Attachment 3 – 2015 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 59 Attachment 4 – 2016 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 60 Attachment 4 – 2016 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 61 Attachment 4 – 2016 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 62 Attachment 4 – 2016 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 63 Attachment 4 – 2016 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 64 Attachment 4 – 2016 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 65 Attachment 4 – 2016 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 66 Attachment 4 – 2016 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 67 Attachment 4 – 2016 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 68 Attachment 4 – 2016 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 69 Attachment 4 – 2016 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 70 Attachment 4 – 2016 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 71 Attachment 4 – 2016 Annual Report Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 72 ABA Description Deadline Avail Fraction Government Items 0000-0020 POSTAL MONEY ORDERS 23:59 1 85% 0000-0050 GOVERNMENT ITEMS 23:59 1 85% 0000-0051 GOVERNMENT ITEMS 23:59 1 85% 0000-0100 GOVERNMENT ITEMS 23:59 1 85% 0000-0800 GOVERNMENT ITEMS 23:59 1 85% 0000-9000 GOVERNMENT ITEMS 23:59 1 85% Federal Reserve District 1 0110 BOSTON CITY 22:00 1 85% 0111 WINDSOR LOCKS 17:00 1 85% 0112 BOSTON RCPC 18:30 1 85% 0113 BOSTON RCPC 18:30 1 85% 0114 BOSTON RCPC 18:30 1 85% 0115 BOSTON RCPC 18:30 1 85% 0116 WINDSOR LOCKS 17:00 1 85% 0117 WINDSOR LOCKS 17:00 1 85% 0118 WINDSOR LOCKS 17:00 1 85% 0119 WINDSOR LOCKS 17:00 1 85% Federal Reserve District 2 0210 NEW YORK CITY 22:00 1 85% 0211 WINDSOR LOCKS 17:00 1 85% 0212 NEW JERSEY 18:00 1 85% 0213 UTICA RCPC 18:00 1 85% 0214 NEW YORK RCPC 18:00 1 85% 0215 NEW YORK COUNTRY 23:59 2 85% 0216 NEW YORK COUNTRY 23:59 2 85% 0219 NEW YORK RCPC 18:00 1 85% 0220 UTICA CITY 23:59 1 85% 0223 UTICA RCPC 18:00 1 85% 0260 NEW YORK CITY 22:00 1 85% 0280 NEW YORK CITY 22:00 1 85% Federal Reserve District 3 0310 PHILADELPHIA CITY 23:59 1 85% 0311 PHILADELPHIA RCPC 18:30 1 85% 0312 PHILADELPHIA RCPC 18:30 1 85% 0313 PHILADELPHIA RCPC 18:30 1 85% 0319 PHILADELPHIA RCPC 18:30 1 85% 0360 PHILADELPHIA CITY 23:59 1 85% Attachment 5 – Float Schedule – Anytime Deposits Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 73 Federal Reserve District 4 0410 CLEVELAND CITY 23:59 1 85% 0412 CLEVELAND RCPC 19:00 1 85% 0420 CINCINNATI CITY 23:59 1 85% 0421 CINCINNATI RCPC 19:00 1 85% 0422 CINCINNATI RCPC 19:00 1 85% 0423 CINCINATTI RCPC 19:00 1 85% 0430 PITTSBURGH CITY 23:59 1 85% 0432 PITTSBURGH RCPC 16:30 1 85% 0433 PITTSBURGH RCPC 16:30 1 85% 0434 PITTSBURGH RCPC 16:30 1 85% 0440 COLUMBUS CITY 23:59 1 85% 0441 COLUMBUS RCPC 18:00 1 85% 0442 COLUMBUS RCPC 18:00 1 85% Federal Reserve District 5 0510 RICHMOND CITY 23:59 1 85% 0514 RICHMOND RCPC 15:00 1 85% 0515 CHARLESTON RCPC 15:00 1 85% 0519 CHARLESTON CITY 23:59 1 85% 0520 BALTIMORE CITY 23:59 1 85% 0521 BALTIMORE RCPC 19:00 1 85% 0522 BALTIMORE RCPC 19:00 1 85% 0530 CHARLOTTE CITY 23:59 1 85% 0531 CHARLOTTE RCPC 19:00 1 85% 0532 COLUMBIA RCPC 15:00 1 85% 0539 COLUMBIA CITY 23:59 1 85% 0540 BALTIMORE RCPC 19:00 1 85% 0550 BALTIMORE RCPC 19:00 1 85% 0560 BALTIMORE RCPC 19:00 1 85% 0570 BALTIMORE RCPC 19:00 1 85% Attachment 5 – Float Schedule – Anytime Deposits Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 74 Federal Reserve District 6 0610 ATLANTA CITY 23:59 1 85% 0611 ATLANTA RCPC 18:00 1 85% 0612 ATLANTA RCPC 18:00 1 85% 0613 ATLANTA RCPC 18:00 1 85% 0620 BIRMINGHAM CITY 23:59 1 85% 0621 BIRMINGHAM RCPC 18:00 1 85% 0622 BIRMINGHAM RCPC 18:00 1 85% 0630 JACKSONVILLE CITY 23:59 1 85% 0631 JACKSONVILLE RCPC 17:00 1 85% 0632 JACKSONVILLE RCPC 17:00 1 85% 0640 NASHVILLE CITY 23:59 1 85% 0641 NASHVILLE RCPC 17:00 1 85% 0642 NASHVILLE RCPC 17:00 1 85% 0650 NEW ORLEANS CITY 23:59 1 85% 0651 NEW ORLEANS RCPC 17:00 1 85% 0652 NEW ORLEANS RCPC 17:00 1 85% 0653 NEW ORLEANS RCPC 17:00 1 85% 0654 NEW ORLEANS RCPC 17:00 1 85% 0655 NEW ORLEANS RCPC 17:00 1 85% 0660 MIAMI CITY 23:59 1 85% 0670 MIAMI RCPC 16:30 1 85% Federal Reserve District 7 0710 CHICAGO CITY 23:59 1 85% 0711 PEORIA RCPC 16:30 1 85% 0712 CHICAGO RCPC 20:00 1 85% 0719 CHICAGO RCPC 20:00 1 85% 0720 DETROIT CITY 23:59 1 85% 0724 DETROIT RCPC 19:00 1 85% 0730 DES MOINES CITY 23:59 1 85% 0739 DES MOINES RCPC 17:00 1 85% 0740 INDIANAPOLIS CITY 23:59 1 85% 0749 INDIANAPOLIS RCPC 15:00 1 85% 0750 MILWAUKEE CITY 23:59 1 85% 0759 MILWAUKEE RCPC 16:30 1 85% Attachment 5 – Float Schedule – Anytime Deposits Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 75 Federal Reserve District 8 0810 ST LOUIS CITY 23:59 1 85% 0812 ST LOUIS RCPC 21:00 1 85% 0813 LOUISVILLE RCPC 15:00 1 85% 0815 ST LOUIS RCPC 21:00 1 85% 0819 ST LOUIS RCPC 21:00 1 85% 0820 LITTLE ROCK CITY 23:59 1 85% 0829 LITTLE ROCK RCPC 15:00 1 85% 0830 LOUISVILLE CITY 23:59 1 85% 0839 LOUISVILLE RCPC 15:00 1 85% 0840 MEMPHIS CITY 23:59 1 85% 0841 MEMPHIS RCPC 18:30 1 85% 0842 MEMPHIS RCPC 18:30 1 85% 0843 MEMPHIS RCPC 18:30 1 85% 0863 LOUISVILLE RCPC 15:00 1 85% 0865 ST LOUIS COUNTRY 21:00 1 85% Federal Reserve District 9 0910 MINNEAPOLIS CITY 23:59 1 85% 0911 MINNEAPOLIS COUNTRY 23:59 2 85% 0912 MINNEAPOLIS COUNTRY 23:59 2 85% 0913 MINNEAPOLIS COUNTRY 23:59 2 85% 0914 MINNEAPOLIS COUNTRY 23:59 2 85% 0915 MINNEAPOLIS COUNTRY 23:59 2 85% 0918 MINNEAPOLIS RCPC 19:00 1 85% 0919 MINNEAPOLIS RCPC 19:00 1 85% 0920 HELENA CITY 23:59 1 85% 0921 HELENA RCPC 17:00 1 85% 0929 HELENA RCPC 17:00 1 85% 0960 MINNEAPOLIS CITY 23:59 1 85% Federal Reserve District 10 1010 KANSAS CITY CITY 23:59 1 85% 1011 KANSAS CITY COUNTRY 17:00 1 85% 1012 KANSAS CITY COUNTRY 17:00 1 85% 1019 KANSAS CITY COUNTRY 17:00 1 85% 1020 DENVER CITY 21:00 1 85% 1021 DENVER COUNTRY 18:30 1 85% 1022 DENVER COUNTRY 18:30 1 85% 1023 DENVER COUNTRY 18:30 1 85% 1030 OKLAHOMA CITY 23:59 1 85% 1031 OKLAHOMA COUNTRY 17:00 1 85% 1039 OKLAHOMA RCPC 17:00 1 85% 1040 OMAHA CITY 23:59 1 85% 1041 OMAHA COUNTRY 23:59 2 85% 1049 OMAHA RCPC 15:00 1 85% 1070 DENVER RCPC 20:00 1 85% Attachment 5 – Float Schedule – Anytime Deposits Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 76 Federal Reserve District 11 1110 DALLAS CITY 21:00 1 85% 1111 DALLAS RCPC 19:00 1 85% 1113 DALLAS COUNTRY 18:00 1 85% 1119 DALLAS RCPC 19:00 1 85% 1120 EL PASO CITY 16:00 1 85% 1122 EL PASO RCPC 15:00 1 85% 1123 EL PASO RCPC 15:00 1 85% 1130 HOUSTON CITY 22:00 1 85% 1131 HOUSTON RCPC 21:30 1 85% 1140 SAN ANTONIO CITY 23:59 1 85% 1149 SAN ANTONIO RCPC 15:00 1 85% 1163 EL PASO RCPC 15:00 1 85% Federal Reserve District 12 1210 SAN FRANCISCO CITY 23:59 1 85% 1211 SAN FRANCISCO RCPC 23:59 1 85% 1212 SAN FRANCISCO RCPC 23:59 1 85% 1213 SAN FRANCISCO RCPC 23:59 1 85% 1214 SAN FRANCISCO CNTRY 23:59 2 85% 1220 LOS ANGELES CITY 23:59 1 85% 1221 LOS ANGELES RCPC 23:59 1 85% 1222 LOS ANGELES RCPC 23:59 1 85% 1223 LOS ANGELES CITY 23:59 1 85% 1224 LOS ANGELES RCPC 23:59 1 85% 1230 PORTLAND CITY 23:59 1 85% 1231 PORTLAND RCPC 21:00 1 85% 1232 PORTLAND RCPC 21:00 1 85% 1233 PORTLAND RCPC 21:00 1 85% ZIONS ON-US 23:59 0 100% 1240 SALT LAKE CITY 22:00 1 85% 1241 SALT LAKE RCPC 23:59 1 85% 1242 SALT LAKE RCPC 23:59 1 85% 1243 SALT LAKE RCPC 23:59 1 85% 1250 SEATTLE CITY 23:59 1 85% 1251 SEATTLE RCPC 21:00 1 85% 1252 SEATTLE RCPC 21:00 1 85% Attachment 5 – Float Schedule – Anytime Deposits Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 77 ABA Description Deadline Avail Fraction Government Items 0000-0020 POSTAL MONEY ORDERS 23:59 1 95% 0000-0050 GOVERNMENT ITEMS 23:59 1 95% 0000-0051 GOVERNMENT ITEMS 23:59 1 95% 0000 GOVERNMENT ITEMS 23:59 1 95% Federal Reserve District 1 0110 BOSTON CITY 18:30 1 94% 0111 WINDSOR LOCKS 23:59 2 94% 0112 BOSTON RCPC 23:59 2 94% 0113 BOSTON RCPC 23:59 2 94% 0114 BOSTON RCPC 23:59 2 94% 0115 BOSTON RCPC 23:59 2 94% 0116 WINDOSR LOCKS 23:59 2 94% 0117 WINDOSR LOCKS 23:59 2 94% 0118 WINDOSR LOCKS 23:59 2 94% 0119 WINDOSR LOCKS 23:59 2 94% Federal Reserve District 2 0210 NEW YORK CITY 18:30 1 87% 0211 WINDSOR LOCKS 23:59 2 87% 0212 NEW JERSEY 23:59 2 87% 0213 UTICA RCPC 23:59 2 92% 0214 NEW YORK RCPC 23:59 2 88% 0215 NEW YORK COUNTRY 23:59 2 87% 0216 NEW YORK COUNTRY 23:59 2 87% 0219 NEW YORK RCPC 23:59 2 92% 0220 UTICA CITY 18:30 1 92% 0223 UTICA RCPC 23:59 2 92% 0260 NEW YORK CITY 18:30 1 87% 0280 NEW YORK RCPC 18:30 1 92% Federal Reserve District 3 0310 PHILADELPHIA CITY 23:59 2 92% 0311 PHILADELPHIA RCPC 23:59 2 92% 0312 PHILADELPHIA RCPC 23:59 2 92% 0313 PHILADELPHIA RCPC 23:59 2 92% 0319 PHILADELPHIA RCPC 23:59 2 92% 0360 PHILADELPHIA CITY 18:30 1 92% Attachment 6 – Float Schedule – Paper Deposits Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 78 Federal Reserve District 4 0410 CLEVELAND RCPC 18:30 1 91% 0412 CLEVELAND RCPC 23:59 2 88% 0420 CINCINNATI CITY 18:30 1 88% 0421 CINCINNATI RCPC 23:59 2 88% 0422 CINCINNATI RCPC 23:59 2 88% 0423 CINCINATTI RCPC 23:59 2 88% 0430 PITTSBURGH CITY 23:59 2 92% 0432 PITTSBURGH CITY 23:59 2 92% 0433 PITTSBURGH RCPC 23:59 2 92% 0434 PITTSBURGH RCPC 23:59 2 92% 0440 COLUMBUS CITY 23:59 2 88% 0441 COLUMBUS RCPC 23:59 2 88% 0442 COLUMBUS RCPC 23:59 2 88% Federal Reserve District 5 0510 RICHMOND CITY 23:59 2 88% 0514 RICHMOND RCPC 23:59 2 88% 0515 CHARLESTON RCPC 23:59 2 88% 0519 CHARLESTON CITY 23:59 2 88% 0520 BALTIMORE CITY 23:59 2 88% 0521 BALTIMORE RCPC 23:59 2 88% 0522 BALTIMORE RCPC 23:59 2 88% 0530 CHARLOTTE CITY 23:59 2 89% 0531 CHARLOTTE RCPC 23:59 2 89% 0532 COLUMBIA RCPC 23:59 2 88% 0539 COLUMBIA CITY 18:30 1 88% 0540 BALTIMORE 23:59 2 88% 0550 BALTIMORE RCPC 23:59 2 88% 0560 BALTIMORE RCPC 23:59 2 88% 0570 BALTIMORE RCPC 23:59 2 88% Attachment 6 – Float Schedule – Paper Deposits Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 79 Federal Reserve District 6 0610 ATLANTA CITY 23:59 2 92% 0611 ATLANTA RCPC 23:59 2 92% 0612 ATLANTA RCPC 23:59 2 92% 0613 ATLANTA RCPC 23:59 2 92% 0620 BIRMINGHAM CITY 23:59 2 92% 0621 BIRMINGHAM 23:59 2 88% 0622 BIRMINGHAM RCPC 23:59 2 88% 0630 JACKSONVILLE CITY 23:59 2 88% 0631 JACKSONVILLE RCPC 23:59 2 88% 0632 JACKSONVILLE RCPC 23:59 2 88% 0640 NASHVILLE CITY 18:30 1 91% 0641 NASHVILLE RCPC 23:59 2 88% 0642 NASHVILLE RCPC 23:59 2 88% 0650 NEW ORLEANS CITY 18:30 1 92% 0651 NEW ORLEANS RCPC 23:59 2 88% 0652 NEW ORLEANS RCPC 23:59 2 88% 0654 NEW ORLEANS RCPC 23:59 2 88% 0655 NEW ORLEANS RCPC 23:59 2 88% 0660 MIAMI CITY 23:59 2 92% 0670 MIAMI RCPC 23:59 2 88% Federal Reserve District 7 0710 CHICAGO CITY 18:30 1 91% 0711 CHICAGO RCPC 23:59 2 91% 0712 CHICAGO RCPC 23:59 2 91% 0719 CHICAGO RCPC 23:59 2 91% 0720 DETROIT CITY 18:30 1 91% 0724 DETROIT RCPC 23:59 2 88% 0730 IOWA RCPC 18:30 1 88% 0739 IOWA RCPC 23:59 2 88% 0740 INDIANAPOLIS RCPC 18:30 1 88% 0749 INDIANAPOLIS RCPC 23:59 2 99% 0750 MILWAUKEE CITY 18:30 1 88% 0759 MILWAUKEE RCPC 23:59 2 88% Attachment 6 – Float Schedule – Paper Deposits Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 80 Federal Reserve District 8 0810 ST LOUIS RCPC 18:30 1 91% 0812 ST LOUIS COUNTRY 23:59 2 91% 0813 ST LOUIS COUNTRY 23:59 2 91% 0815 ST LOUIS COUNTRY 23:59 2 91% 0819 ST LOUIS RCPC 23:59 2 91% 0820 LITTLE ROCK CITY 18:30 1 92% 0829 LITTLE ROCK CITY 23:59 2 92% 0830 LOUISVILLE CITY 23:59 2 88% 0839 LOUISVILLE RCPC 23:59 2 88% 0840 MEMPHIS CITY 18:30 1 88% 0841 MEMPHIS RCPC 23:59 2 88% 0842 MEMPHIS RCPC 23:59 2 88% 0843 MEMPHIS RCPC 23:59 2 88% 0863 MEMPHIS RCPC 23:59 2 88% 0865 ST LOUIS COUNTRY 23:59 2 91% Federal Reserve District 9 0910 MINNEAPOLIS CITY 18:30 1 94% 0911 MINNEAPOLIS CITY 23:59 2 94% 0912 MINNEAPOLIS COUNTRY 23:59 2 94% 0913 MINNEAPOLIS COUNTRY 23:59 2 94% 0914 MINNEAPOLIS COUNTRY 23:59 2 94% 0915 MINNEAPOLIS COUNTRY 23:59 2 94% 0918 MINNEAPOLIS RCPC 23:59 2 94% 0919 MINNEAPOLIS RCPC 23:59 2 94% 0920 HELENA CITY 18:30 1 88% 0921 HELENA COUNTRY 23:59 2 88% 0929 HELENA RCPC 23:59 2 88% 0960 MINNEAPOLIS CITY 18:30 1 94% Federal Reserve District 10 1010 KANSAS CITY 18:30 1 88% 1011 KANSAS COUNTRY 23:59 2 88% 1012 KANSAS COUNTRY 23:59 2 88% 1019 KANSAS CITY COUNTRY 23:59 2 88% 1020 DENVER CITY 18:30 1 93% 1021 DENVER COUNTRY 23:59 2 93% 1022 DENVER COUNTRY 23:59 2 93% 1023 DENVER COUNTRY 23:59 2 93% 1030 OKLAHOMA CITY 18:30 1 91% 1031 OKLAHOMA CITY 23:59 2 88% 1039 OMAHA CITY 23:59 2 91% 1040 OMAHA CITY 18:30 1 91% 1041 NEBRASKA COUNTRY 23:59 2 93% 1049 OMAHA RCPC 23:59 2 88% 1070 DENVER RCPC 23:59 2 93% Attachment 6 – Float Schedule – Paper Deposits Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 81 Federal Reserve District 11 1110 DALLAS CITY 18:30 1 92% 1111 DALLAS RCPC 23:59 2 92% 1113 DALLAS COUNTRY 23:59 2 92% 1119 DALLAS RCPC 23:59 2 92% 1120 EL PASO CITY 23:59 2 92% 1122 EL PASO RCPC 23:59 2 92% 1123 EL PASO RCPC 23:59 2 92% 1130 HOUSTON CITY 23:59 2 92% 1131 HOUSTON RCPC 23:59 2 92% 1140 SAN ANTONIO CITY 23:59 2 92% 1149 SAN ANTONIO RCPC 23:59 2 92% 1163 EL PASO RCPC 23:59 2 92% Federal Reserve District 12 1210 SAN FRANCISCO CITY 18:30 1 88% 1211 SAN FRANCISCO RCPC 23:59 2 88% 1212 SAN FRANCISCO RCPC 23:59 2 88% 1213 SAN FRANCISCO RCPC 23:59 2 88% 1214 SAN FRANCISCO CNTRY 23:59 2 88% 1220 LOS ANGELES CITY 18:30 1 93% 1221 LOS ANGELES RCPC 23:59 2 93% 1222 LOS ANGELES RCPC 23:59 2 93% 1223 LOS ANGELES CITY 18:30 1 93% 1224 LOS ANGELES RCPC 23:59 2 93% 1230 PORTLAND CITY 18:30 1 92% 1231 PORTLAND RCPC 23:59 2 92% 1232 PORTLAND RCPC 23:59 2 92% 1233 PORTLAND RCPC 23:59 2 92% ZIONS ON-US 23:59 0 100% 1240 SALT LAKE CITY 23:59 1 92% 1241 SALT LAKE RCPC 23:59 1 92% 1242 NEVADA (SLC RCPC) 23:59 1 92% 1243 SALT LAKE RCPC 23:59 1 92% 1250 SEATTLE CITY 23:59 2 92% 1251 SEATTLE RCPC 23:59 2 92% 1252 SEATTLE RCPC 23:59 2 92% Attachment 6 – Float Schedule – Paper Deposits Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 82 Attachment 7 – Treasury Internet Banking Dashboard View Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 83 Attachment 8 – Sample Zions Capital Advisors Statement Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 84 Attachment 8 – Sample Zions Capital Advisors Statement Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 85 Attachment 8 – Sample Zions Capital Advisors Statement Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 86 Attachment 8 – Sample Zions Capital Advisors Statement Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 87 Attachment 8 – Sample Zions Capital Advisors Statement Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 88 Attachment 8 – Sample Zions Capital Advisors Statement Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 89 Attachment 8 – Sample Zions Capital Advisors Statement Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 90 Attachment 8 – Sample Zions Capital Advisors Statement Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 91 Attachment 8 – Sample Zions Capital Advisors Statement Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 92 Attachment 8 – Sample Zions Capital Advisors Statement Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 93 Attachment 8 – Sample Zions Capital Advisors Statement Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 94 Attachment 8 – Sample Zions Capital Advisors Statement Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 95 Attachment 8 – Sample Zions Capital Advisors Statement Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 96 Attachment 8 – Sample Zions Capital Advisors Statement Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 97 Attachment 8 – Sample Zions Capital Advisors Statement Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 98 Attachment 8 – Sample Zions Capital Advisors Statement Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 99 Attachment 8 – Sample Zions Capital Advisors Statement Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 100 Attachment 8 – Sample Zions Capital Advisors Statement Attachment A - RFP Response Request for Proposal – RFP No. PC07012018 Park City Municipal Corporation 101 Attachment A - RFP Response 102 Attachment A - RFP Response