Laserfiche WebLink
()7/27/flfl 'TLjE: xJ.:S.'�. F�1\ �li �t�l �7�G IrtLL� tnn�.v , �. ...., <br /> ' ' • � I <br /> • ( � <br /> . ' . . , . � � EXHIBIT B <br /> �ootnates to Cast-genefit Analysis for City of Redwood City: <br /> 1 Sased an average of monthly dolfars deposited provided by City of Redwood City <br /> . 2 Average Stagecoactt �verland Sweep Invsstment Rate for YTD 1999 Is 3,81% <br /> ' Locicbox Monthly Cost EstimaEe is based on company avet�age m�nthly check volume <br /> oP 10;2�0 items as pravided by Cifjr of Redwood City. Drawee BanEc percentages <br /> were taken from June, 1999 analysls statement. <br /> Drawee Bank °/a of Tnta1 (tems # of Items <br /> On-Us Banks Wells Far o 28% 2,856 <br /> Clearin hause Banks 2fi% 2,652 <br /> l.ocal Federal Reserve Banks 30% 3 060 <br /> Other �ederal Resetve Banks 16% 1 632 <br /> TQtal number of checks de ositecf 9U 200 <br /> 4 We caEculated your current bank fees based on 90,200 items using the same <br /> percentages• � • ' <br /> Service Descrl tion # items Unit ccst Chat e <br /> Items de osited <br /> �n-Us Banfcs Wells Far a 2,856 $.E}99 $282.74 <br /> Clearin house Banks 2,652 �.099 S2fi2.S5 <br /> Local Federal Reserve Banks 3 060 � $.099 5302.94 <br /> �ther Federal Reserve Banks i 632 $.105 5171.36 <br /> Credits osted Z1 � �1.5Q �3�.50 <br /> Total current bank fees �1,051.09 <br /> lnc�ementat Cosf n#Lockbox <br /> E.ockbox Motlthly Cost Estimate (per Attached Proform�)3 � �'051 ' <br /> - Reduction af Current De osita Fees'� � ��221 Jmonth � <br /> � Mor�thly Net Fee Es#lmate <br /> = Annual Net Fee Estima#e � 26,fi52/year <br />