7-Attachment C ECR.xls
XLS spreadsheet 30 KB Posted
- Attached to
- RFP-2602AM Comprehensive Banking Services
- Solicitation number
- RFP-2602AM Comprehensive Banking Services
- Issued by
- Crisp County, Georgia
About this file
This document is an Excel spreadsheet (Attachment C) related to an Earnings Credit Rate (ECR) calculation for Gwinnett County Public Schools' comprehensive banking services contract. The Request for Proposal (RFP-2602AM) seeks comprehensive banking services with a contract term from 7/1/2026 or upon award through 6/30/2027, covering a potential ledger balance of $60,000,000.00. The procurement is being conducted in Georgia, with all questions required to be submitted in writing through the Euna Procurement Message Center.
The ECR calculation worksheet provides financial details indicating a potential ledger balance of $60,000,000.00 with no current adjustments or deficit balance. The document emphasizes that if the bank has an alternative method of calculating ECR, they must attach a detailed calculation using the specified ledger balance and fees from Exhibit B. The calculation is based on a 365-day year and 30-day month, with specific provisions for service charge offsetting. All bidders are required to complete an ECR calculation as part of their proposal submission for this comprehensive banking services contract.
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Text version
PFIC
| ATTACHMENT C | ||
| Gwinnett County Public Schools | ||
| ECR CALCULATION | ||
| Potential Ledger Balance | $ 60,000,000.00 | |
| Adjustments (Float, Reserve etc.) | $ - 0 | |
| Adjusted Ledger Balance | $ 60,000,000.00 | |
| Total Service Charges | Please use monthly amount on Exhibit B | |
| ECR | ||
| Days in Year | 365 | |
| Days in Month | 30 | |
| Balance needed to offset $1.00 in Service Charges | $ - 0 | |
| Balance needed to offset Service Charges | $ - 0 | |
| Deficit Balance (Ledger balance LESS total balance needed to offset Service Charges | ||
| Service charges payable | $ - 0 | |
| *Please note : If the bank has a different way of Calculating ECR please attach the calculation. All calculations must use the Potential Ledger Balance above and the total fees calculated on Exhibit B | ||
| If the bank has an alternate option for paying fees please complete an ECR calculation and attach the alternate calculation. All bids must have an ECR calculation | ||
| COMMENTS: |
File details come from the government source that posted it. Updated .