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Exhibit 2 - Bank Evaluations
Evaluation Sheet - Bank Depository and Electronic Check Processing Services (RFP #5962) Line #Description Estimated 5 Year Cost Estimated 5 Year Cost 1 ACCOUNT RECONCILEMENT 12,587.40$ 14,741.40$ 2 AUTOMATED CLEARING HOUSE 93,828.00$ 66,910.50$ 3 CASH SERVICES 23,666.04$ 7,660.59$ 4 CASH VAULT 128,496.63$ 93,962.22$ 5 CONTROLLED DISBURSEMENT 6,066.00$ 4,980.00$ 6 DESKTOP DEPOSIT/ELECTRONIC CHECK (REMOTE DEPOSIT CAPTURE)6,556.80$ 11,720.40$ 7 EBOX 45,018.00$ 57,783.00$ 8 GENERAL SERVICES 16,329.00$ 11,682.00$ 9 GLOBAL WIRE TRANSFER 11,700.00$ 6,696.00$ 10 EDI (ELECTRONIC DATA INTERCHANGE) REPORTING 3,180.00$ 4,548.00$ 11 IMAGE DELIVERY 9,718.80$ 10,606.80$ 12 INFORMATION REPORTING 32,490.00$ 30,196.80$ 13 RETAIL LOCKBOX 495,145.20$ 331,721.22$ 14 RETURNS 7,332.00$ 6,525.00$ 15 PAPER CHECK DEPOSITED 16,464.00$ 22,356.00$ 16 PAYROLL CARD SERVICES 6,750.00$ 6,750.00$ 17 POSITIVE PAY 994.80$ 1,714.80$ 18 SECURITIES/SAFEKEEPING SERVICES 35,400.00$ 35,400.00$ 19 CHECK PROCESSING SERVICES - OPTIONAL -$ -$ 20 OTHER FEES -$ 24,904.20$ 21 22 RECOUPMENT MONTHLY FEE: $0.001275 ($8,000,000 projected balance)51,000.00$ 23 PREMIUM ASSESSMENT FEE: $0.001300 ($8,000,000 projected balance)52,000.00$ 24 25 SUBTOTAL - GROSS FEES 1,003,722.67$ 801,858.93$ 26 27 DISCOUNT (4 months in Year 1 & 1 month in Years 2 & 3)(100,372.27)$ 28 DISCOUNT (1 month for each year of contract up to $10,000)(50,000.00)$ 29 30 EARNINGS CREDIT RATE - 0.40% ($8,000,000 projected balance)(160,000.00)$ 31 EARNINGS CREDIT RATE - 0.35% ($8,000,000 projected balance)(140,000.00)$ 32 33 TOTAL - NET FEES 743,350.40$ 611,858.93$ Evaluation 30 Compliance with Specs 15.0 30.0 20 Probable Performance 10.0 20.0 50 Total Cost of Ownership 41.2 50.0 100 Total Evaluated Score 66.2 100.0 JP Morgan Chase Wells Fargo Fort Worth, Texas Dallas, Texas Exhibit 2