Exhibit_B.2_-_Net_Earnings_Chart_(4_TABS_TO_COMPLETE).xlsx
XLSX spreadsheet 44 KB Posted
- Attached to
- Banking Services
- Solicitation number
- 25-P-131TF
- Issued by
- Volusia County, Florida
About this file
Exhibit B.2 is a Net Earnings Chart required for the Banking Services RFP #25-P-131TF issued by Volusia County, Florida, and its Constitutional Officers including the Property Appraiser, Supervisor of Elections, and Tax Collector. This exhibit establishes the estimated average monthly balances that each entity expects to maintain and requires bidding banks to provide annual interest rates, earnings credit rates, and net annual earnings calculations for both the contract start date and guaranteed minimum/maximum rates throughout the agreement term. The form mandates separate submissions for four entities: the County ($7,800,000 estimated average monthly balance), Property Appraiser ($4,800,000), Supervisor of Elections ($1,800,000), and Tax Collector ($9,100,000). Respondents must complete Section A with rates at contract start and Section B with guaranteed minimum and maximum rates, clearly distinguishing between variable rate methodologies and fixed rates. The RFP timeline includes a proposal due date of November 12, 2025, at 3:01 pm, and the resulting contract will be a five-year agreement with potential renewals for up to five additional years.
The Net Earnings Chart requires banks to account for interest income and FDIC recoupment fees or similar balance-based fees, with explicit instructions that such fees must not be duplicated across exhibits and should appear only on Exhibit B.2. Information presented on this form must align with responses provided in Section III regarding interest, overnight sweep, and earnings credit on the related Exhibit A.1. Banks must certify their agreement to hold the FDIC recoupment fee price constant for the entire contract term. The exhibit addresses both variable and fixed rate scenarios, requiring disclosure of calculation methodologies for any variable rate offerings. The combined estimated average monthly balance across all four entities totals approximately $23.5 million, representing the total earning assets against which interest rates and fees will be applied to calculate net annual earnings available to the County and its Constitutional Officers.
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B.2.1 County
| Exhibit B.2.1 County - Net Earnings Chart |
| Listed below is the estimated average monthly balance the County expects to maintain in the all accounts. Amount is estimated and is not a guaranteed minimum or maximum. Please enter the annual rates in both Section A (Rates at Contract Start) and Section B (Guaranteed Mininmum / Guaranteed Maximum Rates). Use of this form is required and amounts are to be placed on this form. Additionally, the Bank is e requested to provide the information below electronically (preferably in Excel) to the County. |
Please make sure the FDIC Recoupment Fee or Similar Balance Based Fee is not duplicated here and on Exhibit B.1. It should only be included on this exhibit, Exhibit B.2, Net Annual Earnings
Information presented on this form should agree to the response on Section III. Interest, Overnight Sweep, and Earnings Credit.
Section Item Est. Avg. Monthly Balance Annual Rate Monthly Rate Annual Amount
| Section A |
| Rate at |
Contract Start Interest Rate, Earnings Credit Rate or Earnings Through Overnight Investment Process (1) 7,800,000 0.0000% 0.0000% - 0
| Less: FDIC Recoupment Fee or Similar Balance Based Fee (2) | 7,800,000 | 0.0000% | 0.0000% | - 0 |
| Starting Net Annual Earnings | - 0 |
| (1) If rate is variable, disclose method of calculation below, and enter today's rate using this methodlogy. | |
| Variable Rate Calculation Method: |
| (2) If rate is variable, disclose method of calculation below, and enter today's rate using this methodlogy. | |
| Variable Rate Calculation Method: |
| Est. Avg. Mnthly Balance | Annual Rate | Monthly Rate | Annual Amount | ||
| Section B | |||||
| Guaranteed Minimum | Interest Rate, Earnings Credit Rate or Earnings Through Overnight Investment Process (3) | 7,800,000 | 0.0000% | 0.0000% | - 0 |
| Guaranteed Maximum | Less: FDIC Recoupment Fee or Similar Balance Based Fee (4) | 7,800,000 | 0.0000% | 0.0000% | - 0 |
| Minimum Net Annual Earnings | - 0 |
| (3) Enter the rate that would be the guaranteed minimum floor for the applicable rate. If rate has no guaranteed minimum, enter a zero (0) for rate. |
| (4) Enter the rate that would be the guaranteed maximum ceiling for this fee during the term of the contract. If rate has guaranteed maximum, enter N/A for rate. |
The firm agrees to hold the FDIC recoupment fee price for the term of the Agreement. YES NO
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PRICES AND SERVICES CHART
25-P-131TF Exhibit B.2 - Net Earnings Chart
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B.2.2 PA
| Exhibit B.2.2 Property Appraiser - Net Earnings Chart |
| Listed below is the estimated average monthly balance the Property Appraiser expects to maintain in the all accounts. Amount is estimated and is not a guaranteed minimum or maximum. Please enter the annual rates in both Section A (Rates at Contract Start) and Section B (Guaranteed Mininmum / Guaranteed Maximum Rates). Use of this form is required and amounts are to be placed on this form. Additionally, the Bank is requested to provide the information below electronically (preferably in Excel) as part of this RFP. |
Please make sure the FDIC Recoupment Fee or Similar Balance Based Fee is not duplicated here and on Exhibit B.1. It should only be included on this exhibit, Exhibit B.2, Net Annual Earnings
Information presented on this form should agree to the response on Exhibit A.1 Section III. Interest, Overnight Sweep, and Earnings Credit.
Section Item Est. Avg. Monthly Balance Annual Rate Monthly Rate Annual Amount
| Section A |
| Rate at |
Contract Start Interest Rate, Earnings Credit Rate or Earnings Through Overnight Investment Process (1) 4,800,000 0.0000% 0.0000% - 0
| Less: FDIC Recoupment Fee or Similar Balance Based Fee (2) | 4,800,000 | 0.0000% | 0.0000% | - 0 |
| Starting Net Annual Earnings | - 0 |
| (1) If rate is variable, disclose method of calculation below, and enter today's rate using this methodlogy. | |
| Variable Rate Calculation Method: |
| (2) If rate is variable, disclose method of calculation below, and enter today's rate using this methodlogy. | |
| Variable Rate Calculation Method: |
| Est. Avg. Mnthly Balance | Annual Rate | Monthly Rate | Annual Amount | ||
| Section B | |||||
| Guaranteed Minimum | Interest Rate, Earnings Credit Rate or Earnings Through Overnight Investment Process (3) | 4,800,000 | 0.0000% | 0.0000% | - 0 |
| Guaranteed Maximum | Less: FDIC Recoupment Fee or Similar Balance Based Fee (4) | 4,800,000 | 0.0000% | 0.0000% | - 0 |
| Minimum Net Annual Earnings | - 0 |
| (3) Enter the rate that would be the guaranteed minimum floor for the applicable rate. If rate has no guaranteed minimum, enter a zero (0) for rate. |
| (4) Enter the rate that would be the guaranteed maximum ceiling for this fee during the term of the contract. If rate has guaranteed maximum, enter N/A for rate. |
The firm agrees to hold the FDIC recoupment fee price for the term of the Agreement. YES NO
25-P-131TF Exhibit B.2 - Net Earnings Chart
B.2.3 SOE
| Exhibit B.2.3 Supervisor of Elections - Net Earnings Chart |
| Listed below is the estimated average monthly balance the Supervisor of Elections expects to maintain in the all accounts. Amount is estimated and is not a guaranteed minimum or maximum. Please enter the annual rates in both Section A (Rates at Contract Start) and Section B (Guaranteed Mininmum / Guaranteed Maximum Rates). Use of this form is required and amounts are to be placed on this form. Additionally, the Bank is requested to provide the information below electronically (preferably in Excel) to the County. |
Please make sure the FDIC Recoupment Fee or Similar Balance Based Fee is not duplicated here and on Exhibit B.1. It should only be included on this exhibit, Exhibit B.2, Net Annual Earnings
Information presented on this form should agree to the response on Exhibit A.1 Section III. Interest, Overnight Sweep, and Earnings Credit.
Section Item Est. Avg. Monthly Balance Annual Rate Monthly Rate Annual Amount
| Section A |
| Rate at |
Contract Start Interest Rate, Earnings Credit Rate or Earnings Through Overnight Investment Process (1) 1,800,000 0.0000% 0.0000% - 0
| Less: FDIC Recoupment Fee or Similar Balance Based Fee (2) | 1,800,000 | 0.0000% | 0.0000% | - 0 |
| Starting Net Annual Earnings | - 0 |
| (1) If rate is variable, disclose method of calculation below, and enter today's rate using this methodlogy. | |
| Variable Rate Calculation Method: |
| (2) If rate is variable, disclose method of calculation below, and enter today's rate using this methodlogy. | |
| Variable Rate Calculation Method: |
| Est. Avg. Mnthly Balance | Annual Rate | Monthly Rate | Annual Amount | ||
| Section B | |||||
| Guaranteed Minimum | Interest Rate, Earnings Credit Rate or Earnings Through Overnight Investment Process (3) | 1,800,000 | 0.0000% | 0.0000% | - 0 |
| Guaranteed Maximum | Less: FDIC Recoupment Fee or Similar Balance Based Fee (4) | 1,800,000 | 0.0000% | 0.0000% | - 0 |
| Minimum Net Annual Earnings | - 0 |
| (3) Enter the rate that would be the guaranteed minimum floor for the applicable rate. If rate has no guaranteed minimum, enter a zero (0) for rate. |
| (4) Enter the rate that would be the guaranteed maximum ceiling for this fee during the term of the contract. If rate has guaranteed maximum, enter N/A for rate. |
The firm agrees to hold the FDIC recoupment fee price for the term of the Agreement. YES NO
25-P-131TF Exhibit B.2 - Net Earnings Chart
B.2.4 TC
| Exhibit B.2.4 Tax Collector - Net Earnings Chart |
| Listed below is the estimated average monthly balance the Tax Collector expects to maintain in the all accounts. Amount is estimated and is not a guaranteed minimum or maximum. Please enter the annual rates in both Section A (Rates at Contract Start) and Section B (Guaranteed Mininmum / Guaranteed Maximum Rates). Use of this form is required and amounts are to be placed on this form. Additionally, the Bank is requested to provide the information below electronically (preferably in Excel) to the County. |
Please make sure the FDIC Recoupment Fee or Similar Balance Based Fee is not duplicated here and on Exhibit B.1. It should only be included on this exhibit, Exhibit B.2, Net Annual Earnings
Information presented on this form should agree to the response on Exhibit A.1 Section III. Interest, Overnight Sweep, and Earnings Credit.
Section Item Est. Avg. Monthly Balance Annual Rate Monthly Rate Annual Amount
| Section A |
| Rate at |
Contract Start Interest Rate, Earnings Credit Rate or Earnings Through Overnight Investment Process (1) 9,100,000 0.0000% 0.0000% - 0
| Less: FDIC Recoupment Fee or Similar Balance Based Fee (2) | 9,100,000 | 0.0000% | 0.0000% | - 0 |
| Starting Net Annual Earnings | - 0 |
| (1) If rate is variable, disclose method of calculation below, and enter today's rate using this methodlogy. | |
| Variable Rate Calculation Method: |
| (2) If rate is variable, disclose method of calculation below, and enter today's rate using this methodlogy. | |
| Variable Rate Calculation Method: |
| Est. Avg. Mnthly Balance | Annual Rate | Monthly Rate | Annual Amount | ||
| Section B | |||||
| Guaranteed Minimum | Interest Rate, Earnings Credit Rate or Earnings Through Overnight Investment Process (3) | 9,100,000 | 0.0000% | 0.0000% | - 0 |
| Guaranteed Maximum | Less: FDIC Recoupment Fee or Similar Balance Based Fee (4) | 9,100,000 | 0.0000% | 0.0000% | - 0 |
| Minimum Net Annual Earnings | - 0 |
| (3) Enter the rate that would be the guaranteed minimum floor for the applicable rate. If rate has no guaranteed minimum, enter a zero (0) for rate. |
| (4) Enter the rate that would be the guaranteed maximum ceiling for this fee during the term of the contract. If rate has guaranteed maximum, enter N/A for rate. |
The firm agrees to hold the FDIC recoupment fee price for the term of the Agreement. YES NO
25-P-131TF Exhibit B.2 - Net Earnings Chart
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