PROPOSAL FORM FOR DEPOSITORY SERVICES BY SOUTH TEXAS INDEPENDENT SCHOOL DISTRICT All questions in this form should be answered and provided to the District as the Depository’s proposal. The District reserves the right to reject any and/or all proposals and if any portion or provision of this proposal and/or any contract between Depository and District entered into is invalid, the remainder at the option of the District shall remain in full force and effect and not be affected. BANK COMPENSATION Does the District have the option to pay for Depository services by targeted balances or by fees? Please describe any differences in related costs to the District with either option. If the District chooses one option for the life of the contract, is there a difference in service fees? Target Balance Compensation Basis: The District may choose to pay for Depository services on a compensating balance maintaining a targeted amount of its funds in the Depository. The District will maintain balances in the checking accounts to compensate the Depository in full or in part for services provided. Earnings credit for these balances shall be reflected on the monthly account analysis provided to the District. Any excess collected balance may be invested daily by the Bank as directed by the District, in a District approved overnight investment, an interest bearing account, or an SEC registered money market mutual fund. The overnight investment and any index upon which the rate will be based should be listed below. The rate history at the Depository for the months beginning March 2017 and ending May 2017 was: If any of rates is based on an index rate (such as the T-Bill auction rate) stipulate the index calculation basis. Fee Basis Compensation: The District may choose to pay for Depository services on a straight fee in which no targeted balance will be maintained by the District. Fees will be assessed and paid in accordance with the Depository’s proposed fees as listed on Attachment A. DISTRICT INVESTMENTS The District reserves the right to purchase, sell and invest its funds and funds under its control, including bond funds, as authorized by the Government Code, Chapter 2256, Public Funds Investment Act, and in compliance with the District’s Investment Policy, a copy of which is attached as Attachment C.
PROPOSAL FORM FOR DEPOSITORY SERVICES BY SOUTH TEXAS INDEPENDENT SCHOOL DISTRICT All questions in this form should be answered and provided to the District as the Depository’s proposal. The District reserves the right to reject any and/or all proposals and if any portion or provision of this proposal and/or any contract between Depository and District entered into is invalid, the remainder at the option of the District shall remain in full force and effect and not be affected. BANK COMPENSATION Does the District have the option to pay for Depository services by targeted balances or by fees? Please describe any differences in related costs to the District with either option. If the District chooses one option for the life of the contract, is there a difference in service fees? Target Balance Compensation Basis: The District may choose to pay for Depository services on a compensating balance maintaining a targeted amount of its funds in the Depository. The District will maintain balances in the checking accounts to compensate the Depository in full or in part for services provided. Earnings credit for these balances shall be reflected on the monthly account analysis provided to the District. Any excess collected balance may be invested daily by the Bank as directed by the District, in a District approved overnight investment, an interest bearing account, or an SEC registered money market mutual fund. The overnight investment and any index upon which the rate will be based should be listed below. The rate history at the Depository for the months beginning March 2017 and ending May 2017 was: If any of rates is based on an index rate (such as the T-Bill auction rate) stipulate the index calculation basis. Fee Basis Compensation: The District may choose to pay for Depository services on a straight fee in which no targeted balance will be maintained by the District. Fees will be assessed and paid in accordance with the Depository’s proposed fees as listed on Attachment A. DISTRICT INVESTMENTS The District reserves the right to purchase, sell and invest its funds and funds under its control, including bond funds, as authorized by the Government Code, Chapter 2256, Public Funds Investment Act, and in compliance with the District’s Investment Policy, a copy of which is attached as Attachment C.