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Services Requested I I CitiBank I TD Bank I SunTrust
<br />BALANCE SCENARIOS
<br />Scenario 1 - All funds kept in bank
<br />Total Balance in bank
<br />$ 37,870,000.00
<br />CitiBank
<br />TD Bank
<br />SunTrust
<br />Average Balance to Offset Fees
<br />$3,500,000.00
<br />$2,530,000.00
<br />$3,940,328.06
<br />Actual Balance Required
<br />$3,145,775.00
<br />$2,224,506.00
<br />$5,400,878.00
<br />ECR Rate
<br />0.50%
<br />0.45%
<br />0.50%
<br />Excess Balance NOW & MM Rate
<br />0.25%
<br />0.20%
<br />0.15%
<br />Excess Balance NOW & MM Accts
<br />$34,370 000,00
<br />$35,3404000.00
<br />$33,929,671.94
<br />Annual ECR Interest to pay fees
<br />Annual Interest Earnings
<br />rt
<br />Net Annual Interest Earnings
<br />Net Annual Interest Earnings - Citibank overTD Bank $15,245.00
<br />Effective Interest Rate 0.040%
<br />Scenario 2 - Breakeven at $8.5 million kept in bank
<br />Total Balance in bank
<br />$ 8,465,300.00
<br />CitiBank
<br />TD Bank
<br />SunTrust
<br />Average Balance to Offset Fees
<br />$3,500,000.00
<br />$2,530,000.00
<br />$3,940,328.06
<br />Actual Balance Required
<br />$3,145,775.00
<br />$2,345,094.00
<br />$5,390,798.00
<br />ECR Rate
<br />0.50%
<br />0.45%
<br />0.50%
<br />Excess Balance NOW & MM Rate
<br />0.25%
<br />0.20%
<br />0.15%
<br />Excess Balance NOW & MM Accts
<br />$4,965,300.00
<br />$5,935,300.00
<br />$4,524,971.94
<br />Annual ECR Interest to pay fees
<br />- •'
<br />Annual Interest Earnings
<br />•�`
<br />Net Annual Interest Earnings
<br />Net Annual Interest Earnings - Citibank over TD Bank $0.00
<br />Effective Interest Rate 0.000%
<br />Scenario 3 - $20 million kept in bank
<br />Total Balance in bank
<br />$ 20,000,000.00
<br />CitiBank
<br />ank`
<br />*SunTrust
<br />Average Balance to Offset Fees
<br />$3,500,000.00
<br />$21530,000.00
<br />$3,940,328.06
<br />Actual Balance Required
<br />$3,145,775.00
<br />$2,345,094.00
<br />$5,390,798.00
<br />ECR Rate
<br />0.50%
<br />0.45%
<br />0.50%
<br />Excess Balance NOW & MM Rate
<br />0.25%
<br />0.20%
<br />0.15%
<br />Excess Balance NOW & MM Accts
<br />$16,5
<br />$17,470,000.00
<br />$16,059,671.94
<br />Annual ECR Interest to pay fees
<br />- •'
<br />Annual Interest Earnings
<br />Net Annual Interest Earnings
<br />Net Annual Interest Earnings - Citibank over TD Bank $5,767.35
<br />Effective Interest Rate 0.029%
<br />RFP No. 14 -04 -02 - Banking Services Page 3 of 3
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