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� <br /> o?/z7/fl9 TL�E: �1:sL F�X Jla 4::1 lab'L ItihLL� rnnu�r ,' �+••••.• <br /> � � t �• EXNIBIT B <br /> . • . . , . <br /> Footnotes to Cost-eenefit Analysis f�r City of Redwood City: <br /> ') Sased on average of monthly dollars deposited provided by City of Redwood City <br /> , 2 Average Stagecoactt Over(and Sweep Investment Rate for YTD 19991s 3,81°� <br /> ' Lockbox Monthly Cost Estimate is based on compa�Y average manthEy check volum@ <br /> of 10;290 Items as pl'ovfded by Ciiy of Redwood City. Drawee Bank percentagas <br /> were taken f�om Juna, 1999 al�alysls statement. . <br /> Drawee Bank % of Total Items #of Items <br /> On-Us Banks Wells Fa o 28% 2.856 <br /> C[earin house Banks 26°k 2 652 <br /> L.ocal Federal Reserve Banks 30°l0 3 060 <br /> Othe�Federal ReseNe 8anks 16°�6 1 632 <br /> Total number cf checks de osttec! 90 200 <br /> � We catculated your cUrrent bank iees based on 90�200 items using the same <br /> percentagss. ' . <br /> Service Descrl tion #items Unit ccst Char e <br /> Items de oslted <br /> �n-Us Banlca ells Fa a 2,85B $.099 5282.55 <br /> Clearin house Bsnks 2 852 $,a9g g302.94 <br /> Loca1 Federal Reserve Banks 3 O60 " .,��� $17i.36 <br /> other Federal Ressrve Banks � 632 g�,�0 �3i.50 <br /> Credits osted 21 � <br /> Totat current bank fees $1,051.09 <br /> Incre entat Cost n ockbox � <br /> Lockbox Monthly Cost Estimate (per Attached Proforma)3 � ;�0�2 ' <br /> - Redu n of C t De asfta ees� � ��221/month • <br /> [ Moathly Net Fee Estlmate <br /> = Annusl Net Fee Estimafe 3 28,652/year <br /> ATTY/AGR/2016.186/WELLS FARGO BANKING AGREEMENT <br />