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offered by a wim are lower, so is the balance required to offset the fees When the required balance <br />is less, more funds are unencumbered and available for investment by the County . Staf texpec s to <br />routine the County s historical panem of maintaining a balance of funds in the bard: account to <br />cover outstanding checks that is sufficient to offset fees that would otherwise be imposed. <br />Staff recommends that the Board approve a contract with CCB for one year, with the intent to <br />renew annually for three to five years. As with the audit, the commines recommends that the BFP <br />process be repeated every three to five years. <br />If the contract is approved by the Board, staff expects that the time fimne for transitioning from <br />NationsBank service to CCB service will be approximately 60 days. Implementation issues include <br />items such as the opening of new arum nts and closing of existing accounts, establishment and <br />training for new electronic end automated services, and conversion of existing electronic transfer <br />agreements. <br />BECOMMENDATION(S): The Manager recommends that the Board award the convect for <br />binding services to CCB, subject to final review by staff and the Cowry Anomey, and without the <br />Chair to sign the master and associated smite agreements as behalf of the Board. <br />