Banking RFP Addendum 1.pdf
PDF 485 KB Posted
- Attached to
- 147-2025 Banking Services
- Solicitation number
- 147-147-2025 Banking Services
- Issued by
- Richmond County, North Carolina
About this file
Addendum #1 for RFP 147-2025 is issued by Asheboro City Schools (ACS) and provides supplemental information related to the banking services procurement. The addendum specifically indicates that interested bidders can request summary information about current bank accounts by contacting Gina Delk via email at gdelk@asheboro.k12.nc.us. Accompanying the addendum is a detailed bank statistical information table that provides an overview of fourteen existing accounts, including their balances as of December 2024, average monthly check volumes, and average monthly deposit frequencies.
The bank statistical information reveals that ACS maintains accounts across various school sites and departments, with the Child Nutrition Fund having the largest balance at $3,263,346.38 and the most significant monthly deposit activity of 115 deposits. Other accounts include those for Asheboro High School, North and South Asheboro Middle Schools, and several elementary schools such as Lindley Park, Balfour, Charles W. McCrary, Guy B. Teachey, Donna L. Loflin, and an Early Child Development Center. The table notes that all accounts fall under the same Tax Identification Number, suggesting a centralized financial management approach for the school district. The accompanying client analysis statements provide additional financial details, including trend analyses of account balances, earnings credits, and monthly financial performance across multiple months in 2024 and 2025.
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| File | Type | Posted |
|---|---|---|
| RFP Banking Services Asheboro City Schools 3.18.2025.docx | DOCX document |
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Text version
Addendum #1:
Upon request interested bidders will be provided summary information for current bank accounts.
Please contact Gina Delk at gdelk@asheboro.k12.nc.us to request this information.
Bank Statistical Information
Note: All accounts fall under the same Tax Identification Number.
Account Balance @
December 2024
Average Number of Checks Monthly
Average Number of
Deposits Monthly
Child Nutrition Fund $3,263,346.38 12 115
Asheboro Highschool $187,110.54 70 20
North Asheboro Middle School $68,004.96 15 8
South Asheboro Middle School $65,031.95 14 12
Lindley Park Elementary $14,573.48 5 12
Balfour Elementary $40,462.50 7 9
Charles W. McCrary Elementary $34,962.43 6 10
Guy B. Teachey Elementary $30,259.49 5 22
Donna L. Loflin Elementary $34,928.17 10 10
Early Child Dev. Center $23,323.89 1 5
Client Analysis Statement Relationship Summary February 2025 • Page1of4
ASHEBORO CITY SCHOOLS
Analysis Summary Average Positive Collected Balance Investable Balance Available for Services ........•............................................................•..
Balance Summary
Account Number Account Name 6831 Asheboro City Board
Education City 4590 Asheboro City Schools
Average Ledger
114,474
2,183,852
Average Collected 114,474
2,183,852
Average Daily Negative
Collected
Neg Coli Use of
Fund Rate
Client Analysis Statement - Relationship Summary February 2025 • Page 2 of4
Asheboro City Schools
Trend Analysis
Average Ledger Investable Balance Earnings Credit Rate
OCT2024 2,293,115 2,293,115 2,293,115 0.00%
NOV2024 2,294,647 2,294,647 2,294,647 0.00%
DEC2024 2,295,984 2,295,984 2,295,984 0.00%
JAN 2025 2,297,259 2,297,259 2,297,259 0.00%
FEB 2025 2,298,326 2,298,326 2,298,326 0.00%
Average 2,295,127 2,295,127 2,295,127
Account Summary· February2o25
• Page 3 of4
Average Positive Collected Balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . .. ... .. . $ Investable Balance Available for Services . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . .. .. . . . . . . . . . . . . . . . . . . . . . ...... .. . ;;::
4590 Asheboro City Schools
Average Ledger
2,183,852
Average Collected 2,183,852
Account Summary· February 2o2s
• Page4of4
ASHEBORO CITY BOARD EDUCATION CITY
Average Positive Collected Balance . . . . . . .. . . . . . . . . . . . . . . . . . . . .. . . . .. . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . .. . .. .. . . . . $ Investable Balance Available for Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . .. . . . . . . . . . .. . . . . . . . . . . . ......... ... =
Balance Summary
Account Number Account Name 6831 Asheboro City Board
Education City
Average Ledger
114,474
Average Collected
114,474
Average Neg Col/ Daily Negative Use of
Collected Fund Rate
114,473.75
Account Summary· January 2o25
• Page3of4
Average Positive Collected Balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. ... .. . . . $ Investable Balance Available for Services........................................................................ =
Balance Summary
Account Number Account Name 4590 Asheboro City Schools
Average Ledger
2,182,785
Average Collected 2,182,785
Average Daily Negative
Collected
Neg Coli Use of
Fund Rate
2,182,784.79 2,182,784.79
Account Summary· January2o2s
• Page4of4
ASHEBORO CITY BOARD EDUCATION CITY
Average Positive Collected Balance .... .. .... .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. . .. .. .. . .. . .. .. ...... .. . $ Investable Balance Available for SeiVices . . .. . . . . . . . . . .. .. . . . .. . . .. .. . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . .. .. . . . . ;:::
Balance Summary
Account Number Account Name 6831 Asheboro City Board
Education City
Average Ledger
114,474
Average Collected
114,474
Average Neg Col/ Daily Negative Use of
Collected Fund Rate
January 2025 • Page 1 of4
Average Positive Collected Balance ............................................................................. . $ Investable Balance Available for Services ................................................................... , .. .. ~
6831 Asheboro City Board
114,474
2,182,785
Average Collected
114,474
2,182,785
Average Neg Col/ Daily Negative Use of
Collected Fund Rate
2,297,258.54 2,297,258.54
Client Analysis Statement- Relationship Summary January 2025 • Page 2 of4
Trend Analysis
Average Ledger Average Positive Investable Balance Earnings Month Balance Collected Balance Available far Services Credit Rate
AUG2024 2,289,538 2,289,538 2,289,538 0.00%
SEP2024 2,291,430 2,291,430 2,291,430 0.00%
OCT2024 2,293,115 2,293,115 2,293, 11S 0.00%
NOV2024 2,294,647 2,294,647 2,294,647 0.00%
DEC2024 2,29S,984 2,295,984 2,295,984 0.00%
JAN 202S 2,297,259 2,297,259 2,297,259 0.00%
Average 2,293,662 2,293,662 2,293,662
December 2024 • Page 1 of4 l
Average Positive Collected Balance Investable Balance Available for Services
6831 Asheboro City Board
114,474
2,181,510
Average Collected 114,474
2,181,510
Average Daily Negative
Collected
Neg Coli Use of
Fund Rate
Client Analysis Statement- Relationship Summary December 2024 • Page2of4
Asheboro City Schools
Trend Analysis
Average Ledger Average Positive Investable Balance Earnings Month Balance Collected Balance Available for Services Credit Rate
JUL 2024 2,287,638 2,287,638 2,287,638 0.00%
AUG 2024 2,289,538 2,289,538 2,289,538 0.00%
SEP 2024 2,291,430 2,291,430 2,291,430 0.00%
OCT2024 2,293,115 2,293,115 2,293,115 0.00%
NOV2024 2,294,647 2,294,647 2,294,647 0.00%
DEC2024 2,295,984 2,295,984 2,295,984 0.00%
Average 2,292,059 2,292,059 2,292,059
Account Summary· December 2o24
• Page3of4
Average Positive Collected Balance . .... .. .. .. .. .. .. .. .. . .... .. .. .. .. .. .. . .. .. .. . .. .. .. .. .. .. .. .... .. .. .. .. .. .. . . $ Investable Balance Available for Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . ... ... . . . :;;:;
Balance Summary
Account Number Account Name 4590 Asheboro City Schools
Average Ledger
2,181,510
Average Collected
2,181,510
Average Daily Negative
Collected
Neg Coli Use of
Fund Rate
2,181,509.90 2,181,509.90
Account Summary· December 2o24
• Page4of4
ASHEBORO CITY BOARD EDUCATION CITY
Average Positive Collected Balance .................................................. , . , , , , , , . . . . . . . . . . .. ... .. . .. $ Investable Balance Available for Services .......................................•. , . . .. . . . .. . . . . . . . . . . . .. . .. .. . . . =
Balance Summary
Account Number Account Name 6B31 Asheboro City Board
Client Analysis Statements (Return to Statements List
Relationship Summary for ASHEBORO CITY SCHOOLS
FEBRUARY 2025
Analysis Summary Termoeflnijions
To perform trending of hrstoriC<ll data, check one or more boxes, then cl<ck Perform Trendrng.
Average Positive Collected Balance
Investable Balance A variable for Ser~~ices
EamingsAIIowance@ 1.40000%
Net Earnings Allowance
Current Month Position
Net Position
Total Amount Oue
Interest rate on excess balances
Interest pard on excess balances
( Retum to Statements List
USD
ueo uso ueo
4.668.006.90 0
4.668,006.90 0
5,013.31 0
5,013.31 0
3,399.73 0
3,399.73
0.00 0
0.68 %
1,674.23 0
1 to 1 of1 DO j ~ Download Section ...., I
{ Re!um to Statements List
Relationship Summary for ASHEBORO CITY SCHOOLS
FEBRUARY 2025
Balance Summary
Balance Summary Term Definitions
Account Number Account Name Average Ledger Average Collected
0001o84am ASHEBORO CITY SCHOOLS 5,184,459.97 0 4,668,006.90 0
2 20300 ASHEBORO CITY SCHOOLS 0.00 0 0.00 0
( Relum to Statements List
1 to 1 of 1 DO
Average Daily Negative
Collected
Neg Coli Use of Fund Rate
0.00 0 0.00%
0.00 0 0.00%
" 5!1'1 '#*MiME
Relationship Summary for ASHEBORO CITY SCHOOLS
FEBRUARY 2025
Trend Analysis
Trend Analysis
Month Average Ledger
Balance
SEP 4,961,686
2 OCT 5,170,888
3 NOV 5,246,253
4 DEC 4,813,416
5 JAN 4,585,586
6 FEB 5,184,460
AVG 4,993,715
{Return to Statements List
Avg Positive Coli Investable Balance Avail for Earnings Credit
Balance Services Rate
4,498,072 4,498,072 1.65%
4,947,642 4,947,642 1.65%
4,942,256 4,942,256 1.65%
4,680,180 4,680,180 1.65%
4,288,871 4,288,871 1.40%
4,668,007 4,668,007 1.40%
4,670,838 4,670,838
Earnings Allowance
6,083
6,915
6,684
6,541
5,100
5,013
1 to 1 of 1 DO
Relationship Summary for ASHEBORO CITY SCHOOLS
JANUARY 1025
Analysis Summary
Analysis Summary Term Definifions
To perform trending of historical data, check one or more tloxes. ll1en cl•ck Perform Trending
Averag\! Poslwe Collected Balance
Investable Balance Available for Se.vioes
Earnings Allowance@ 1.40000 'l'o
Net Earnings Allowance
Current Month Position
Net Position
Total Amount Due
Interest rate on excess balances
Interest paid on excess balances
(Return to Statements List uw
U'D u'o
U'D
4.288.871.02 0
4.288.871.()2 0
5,099.54 0
5.099.54 0
3.325.06 0
3.325.06
0.00 0
0.68 %
1,637.46 0
1 to 1 of1 DO
I ;! Download Section ..., I
{ Retum to Sl<ltements List
Relationship Summary for ASHEBORO CITY SCHOOLS
JANUARY 2025
Balance Summary
Balance Summary Term Definjtions
Account Number Account Name Average Ledger Average Collected
-0001084~ ASHEBORO CITY SCHOOLS 4,585,585.79 0 4,288,871.02 0
2 0300 ASHEBORO CITY SCHOOLS 0.00 0 0.00 0
{Return to Statements Us\
1 to1 of1 DO
I ~ Download Section v I
Average Daily Negative
Collected
Neg Coli Use of Fund Rate
0.00 0 0.00%
"ifli&N61¥EEE
Relationship Summary for ASHEBORO CITY SCHOOLS
JANUARY 2025
Trend Analysis
Trend Analysis
Month Average Ledger
Balance
AUG 3,997,080
SEP 4,961,686
OCT 5,170,888
4 NOV 5,246,253
DEC 4,813,416
6 JAN 4,585,586
AVG 4,795,818
{Return lo Stalemenls LTsl
Avg Positive Coli Balance
3,729,754
4,498,072
4,947,642
4,942,256
4,680,180
4,288,871
4,514,463
Investable Balance Avail for Services
3,729,754
4,498,072
4,947,642
4,942,256
Earnings Credit Earnings Rate Allowance
1.65% 5,212
1.65% 6,083
1.65% 6,915
1.65% 6,684
4,680,180 1.65% 6,541
4,288,871 1.40% 5,100
4,514,463
1 to 1 of1 DO
( Return to Statements List
Relationship Summary for ASHEBORO CITY SCHOOLS
DECEMBER 2024
Analysis Summary
Analysis Summary Term Definitions
Average Positive Collected Balance lnvaslablo Balance Available for Services
Earnings Allowance@ 1.65000%
Net Earnings Allowance
Current Month Position
Net Pasition
Total Amount Due
Interest rate on excess balances
Interest paid on excess balances
{ Retum to Statements Li~t uso uso uso
4.680.180.07 0
4.680.180.07 0
6,540.74 0
6.540.74 0
5.461.01 0
5.461.01
0.00 0
0.78 %
2,624.60 0
:!: Download Section v I
'*.MI!!F#M
Relationship Summary for ASHEBORO CITY SCHOOLS
DECEMBER 2024
Balance Summary
Balance Summary rermoer.nrtrons
Account Number Account Name Average Ledger Average Collected
01084cmmiD ASHEBORO CITY SCHOOLS 4,813,416.36 0 4,680,180.07 0
2 0300 ASHEBORO CITY SCHOOLS 0.00 0 0.00 0
(Return to Statements List
:!:: Download Section ..., I
Average Daily Negative
Collected
Neg Coli Use of Fund Rate
0.00 0 0.00%
'db-·· ''**"'
{Return to Statements List
Relationship Summary for ASHEBORO CITY SCHOOLS
DECEMBER 2024
Trend Analysis
Trend Analysis
Month Average Ledger
Balance
JUL 2024 3,882,260
2 AUG 3,997,080
3 SEP 4,961,686
4 OCT 5,170,888
5 NOV 5,246,253
6 DEC 4,813.416
AVG 4,678,597
{Return to Statements Usl
Avg Positive Coli Balance
3,857,229
3,729,754
4,498,072
4,947,642
4,942,256
4,680,180
4,442,522
Investable Balance Avail for Services
3,857,229
3,729,754
4,498,072
4,947,642
4,942,256
4,680,180
4,442,522
Earnings Credit Earnings Rate Allowance
1.65% 5,391
1.65% 5,212
1.65% 6,083
1.65% 6,915
1.65% 6,684
1.65% 6,541
| Addendum 1 |
| Banks statistical information - individual schools |
| Client analysis information_Redacted (1) |
File details come from the government source that posted it. Updated .