Exhibit_I_-_Average_Cash_Vault_Deposits.xlsx

Exhibit I is a financial analysis document supporting Volusia County, Florida's Request for Proposals #25-P-131TF for comprehensive banking services across the County and its Constitutional Officers, including the Property Appraiser, Supervisor of Elections, and Tax Collector. The exhibit details average cash vault deposits and transaction volumes for the period June 1, 2024 through May 31, 2025, establishing baseline operational metrics for the banking relationship. The County's primary deposit volume totals $170,301,000 annually across all entities, with the County generating $139,880,000 in deposits through 1,065 transactions averaging $131,343 per deposit. Supporting entities contribute additional deposit volumes, including the Tax Collector ($28,919,000), Property Appraiser ($805,000), Supervisor of Elections ($503,000), and Corrections Inmate Account ($194,000). The RFP was released October 10, 2025, with questions due by October 29, 2025, and proposals due November 12, 2025, at 3:01 pm. The contract term spans five years with potential renewal options for up to five additional years.

The exhibit demonstrates significant transactional complexity, with the vault processing 3,380 annual check deposits totaling $25,151,000 and $145,150,000 in annual cash deposits across 250 banking days. Daily operational metrics show the County alone averages 4.26 deposits daily ($559,520), requiring the selected bank to manage sophisticated account structures including pooled cash accounts, zero-balance accounts for accounts payable and payroll, utility payment processing, and separate Constitutional Officer accounts with appropriate fund segregation. The banking services must support approximately 2,800 biweekly direct deposit payroll transactions and 75-125 weekly ACH vendor payments, with monthly reconciliation services and centralized vault processing. The RFP establishes stringent insurance requirements including $5,000,000 Professional Liability coverage, $2,000,000 Cyber Insurance, and $10,000,000 Financial Institution Bonds, reflecting the sophisticated technology integration and regulatory compliance demands of this government banking relationship.