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6. ACH fees — Approx. 220 items Two payrolls with approximately 75 items each, one monthly payroll of approximately 30 items each. Quarterly firefighter payroll of approximately 60 items each. Approximately 2,600 payroll payments issued annually. Includes all full -time and regular part -time, seasonal workers (all bi- weekly); elected /appointed positions (monthly); firefighters (quarterly). Most payroll employee and employer contributions /withholdings are paid by electronic transfer. 7. Miscellaneous Service Charges — Such as internet charges, daily sweep, monthly service charge, stop payments, etc. 8. Future Service - Electronic Accounts Payable Service The city is researching implementing an alternative ACH payment method for payment claims to the city. The possible implementation date may be as soon at January 1, 2013. Our financial institution should be able to accept a balanced upload file generated from our financial system to process ACH transactions. The city issues payments two times per month plus processes immediate payments as needed (not more than two times per week). Miscellaneous Information The City currently invests its idle funds through several banks and brokerages with the Finance Director managing the portfolio. These investments include money market savings, certificates of deposits, US government securities, and other investments authorized in the State Statutes and the City of Ramsey Investment Policies. In many instances the City requires collateral on deposits and investment in excess of the FDIC /FSLIC limits. Please provide information on how your institution handles this need for additional collateral. For clarification on any of the items in the Request for Proposal contact Diana Lund, Finance Director at (763) 433 -9847.