REQUEST FOR PROPOSALBANK DEPOSITORY SERVICES

The Rockwood School District invites you to submit a proposal according to the generalinformation and specifications on the attached sheets.

All bids must be received by the Finance Department no later than 2:00 p.m. on Monday,May 14, 2012. Please review all proposal submission requirements stated in the bid documentand return your proposal, together with a cashier’s check in the amount of $2,500 payable to the Rockwood School District, in a sealed envelope marked “BANK DEPOSITORY BID”. Proposals must be mailed to the Rockwood School District, 111 East North Street, Eureka, MO 63025-1229or hand carried to the Office of the Director of Finance.

If you have any questions or require any additional information, please direct all inquiries toScott Tate, Director of Finance, at 636-733-2058.

The Board of Education reserves the right to reject any and all bids and to waive any irregularities.

Administrative Center K. Scott Tate, CPA

111 East North Street Director of FinanceEureka, MO 63025-1229

(636) 733-2058

(636) 938-2265 Fax

tatescott@rockwood.k12.mo.us

Growing Together,Learning for Life

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ROCKWOOD SCHOOL DISTRICT

Invitation for Banking Services

Request for Proposal (RFP) and

Guidelines for Submittal

Issued: May 1, 2012

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www.rockwood.k12.mo.us

Qualifications Statements due toRockwood School District on or before

May 14, 2012 at 2:00 p.m.

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Table of Contents

Notice of Request for Proposal

I. Background Information

II. General Information and Specifications

III. Calendar of Events

IV. Procedures for Receiving and Awarding Depository Contract

V. Bid Submittal Form

VI. Authorized Signature

VII. Required Vendor Information

VIII. Evaluation

Attachment A

Attachment B

Attachment C

Attachment D

Attachment E

Attachment F

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NOTICERequest for Proposal

Banking Services

Rockwood School District111 East North Street

Eureka, Missouri 63025-1229

In accordance with 165.211, RSMo, the Rockwood School District, Eureka, Missouri (hereinafter referred to as the District) will accept sealed bids for banking services. The District invites full service banking institutions to submit proposals to act as the depository for its demand deposits, other monies, and funds, except such portions thereof as the District may elect to invest in interest bearing securities with it or other financial institutions. The banking institution(s) acting as depository for the District must have office(s) in St. Louis County, preferably within the District’s geographic boundaries.

Please review all proposal submission requirements stated in the bid document and return your proposal, together with a cashier’s check in the amount of $2,500, payable to Rockwood School District, in a sealed envelope marked “BANK DEPOSITORY BID”. Proposals must be mailed or hand carried to the Rockwood School District, 111 East North Street, Eureka, Missouri 63025-1229, attention Scott Tate, Director of Finance. Two copies of the RFP must be submitted.

The District reserves the right to reject any and all bids, and to waive any irregularities. Bidders are requested to respond to all bid items. Clarifications or questions may be addressed to Scott Tate, Director of Finance, telephone: 636-733-2058, e-mail: tatescott@rockwood.k12.mo.us.

Oral communications cannot be relied upon and shall not be the basis for responding to any part of this RFP. All properly submitted substantive questions will be responded to, in writing, in the form of an addendum to the solicitation.

Misinterpretation of the specifications by the Bidder shall not relieve the Bidder(s)/contractor(s) of responsibility to perform.

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I. Background Information

A. Rockwood School District serves more than 22,000 students in 29 schools with separate campuses for Gifted Education and Individualized Learning. The District covers 150 square miles and nine communities, and employs nearly 3,000 full-time and 1,300 part-time staff members. The District’s revenue budget for the 2011-2012 school year is in excess of $291,000,000 ($203,000,000 in operating revenue).

B. The District receives monthly state aid payments. Local tax revenue is primarily received in January and February. (This revenue may be received as early as mid-December.)

C. Accounts payable disbursements are primarily issued during the third week of each month. Some account payable checks are issued each week in addition to the primary bill list disbursement. The District requires controlled disbursement accounts for the payable account.

D. Payroll disbursements are made semi-monthly on the 15th and final day of each month (nearest working day) for certificated and administrative staff and bi-weekly (Friday) for support staff. The District utilizes direct deposit only to pay approximately 4,200 employees (approximately 2,000 are paid semi-monthly and 2,200 are paid bi-weekly).

E. The District operates student Child Nutrition Services in 30 locations which require daily deposit and cash services.

F. The District’s Current Banking Structure:

General Operating Account – This is the District’s main depository account and is used for transactions related to the General, Special Revenue, Capital Projects, Child Nutrition, Community Education and Student Activity Funds. The General Operating Account is a Controlled Disbursement Account, and funds in the General Operating Account should sweep overnight into a Repurchase Agreement (less reserve requirement, if any).

Payroll Account (Zero Balance Account) – This account is used to make payroll payments. Funds are transferred as required from the General Operating Account to offset the dollar amount for items that have cleared.

Self-Insured Medical Account – The District transfers funds monthly from the General Operating Account.

Flexible Spending Account – The District transfers funds monthly from the General Operating Account.

Accounts Payable Account (Zero Balance Account) – This account is used to make Accounts Payable payments. Funds are transferred as required from the General Operating Account to offset the dollar amount for items that have cleared.

Depository Account – All deposits are made to this account and then swept to the General Account. Sub accounts exist for each location and department.

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II. General Information and Specifications

The depository will be selected to receive funds of the District and provide services to the District for a term beginning July 1, 2012, through June 30, 2013 and will automatically renew at the same terms for up to four (4) additional years, at the District’s option, based upon satisfactory annual review. The following required provisions and exclusions for maintaining school districts funds must be met:

A. Funds so deposited by the school district must be fully secured as required by law. In the proposal, the district requests that the bank describe the type of security which will be used as collateral for the account, and name the trustee for securities pledged.

1. The Depository shall at all times maintain the collateralization of deposits (per §30.270 RSMo) in an amount equal to at least 105% of the amount on deposit with the Depository, less the amount, if any, which is an insured deposit pursuant to the Federal Deposit Insurance Act of November 27, 1974, heretofore or hereafter amended.

2. If in any case, or at any time, such securities are not satisfactory security to the district for deposits made as provided by law, (Missouri School Law 110.010, 110.020) said district may require additional security as needed to be deemed satisfactory.

3. Any securities so deposited may from time to time be withdrawn and other bonds or securities of like kind and character may be substituted only upon written consent of the school district.

4. A sufficient amount of bonds or securities which can be evidenced with safekeeping receipts held by the school district to secure said deposits shall always be held by a third party financial institution. Upon request, proper officials of the district may examine said documentation.

5. In the event the depository shall fail to pay any deposit of the district, or any part thereof, on the check or checks of the district, then the district shall have the right, forthwith, to convert such bonds or securities into money and disburse the same according to law (RSMo 165.271).

6. Acceptable collateral to secure deposits is described on Attachment A.

B. It will be the responsibility of the individual financial institution to adhere to all State of Missouri Statutory provisions applicable to public school districts in addition to furnishing securities as stipulated.

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C. The District operating funds, as designated by the District, shall be included in the depository contract. This agreement is not exclusive. The District reserves the right to deposit surplus funds with other financial institutions as it deems prudent.

D. The successful bidder will provide all accounts necessary to allow the District to best manage its funds. At a minimum, the District will require separate accounts for:

> General Disbursements > Payroll> Medical and Dental Benefits > Operating Expenses> School Deposits (with sub accounts for each school site/department)

E. The bidder will provide overnight investment of account balances at a fixed or variable rate. The District would like suggestions on the best rate options for deposit balances, including Earnings Credit, Interest-bearing accounts, and/or overnight sweep investments.

F. The bidder must also be willing to transfer funds between all accounts upon electronic communication from a school District official, and notify the district of the transfer with credit or debit memorandum. These transfers must be unlimited and at no cost.

G. According to the Missouri School Law, the District must account for four different funds for expenditures and receipts, however, only the Debt Service Fund must be maintained in a separate account. They include:

1. Teachers’ Fund2. Incidental Fund3. Building Fund4. Debt Service Fund

H. Current financial records are available for examination online or by interested bidders in the Board of Education Offices, 111 East North Street, Eureka, Missouri 63025-1229, upon appointment between the hours of 8:00 a.m. and 4:00 p.m. weekdays.

I. The bidder will provide on-line banking services with the ability to perform:a. Prior Day Balance Report (45-day availability)b. Intra Day Balance Report (45-day availability)c. Demand Deposit Statementsd. Stop Pay Issuese. Stop Pay Queryf. Stop Pay Analysis Statementsg. Check Imagingh. File Transfers

i. Payroll and Accounts Payable Issues Fileii. Payroll and Accounts Payable Paid Files to upload into District

financial softwareiii. Bi-Monthly End Reports (15th and EOM)

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iv. Payroll Direct Deposit Submission and Verificationv. Online Federal and State Tax Paymentsvi. ACH Reversals/Deletes for Payrollvii. Upload ACH files and Summary Reportviii. Transfer from one District account to another

i. CD with Image Access for Monthly Cancelled Checks for Payroll, Accounts Payable and Medical Accounts

j. Auto Withdrawal for Retiree Insurance Premiumsk. Wire Transfers and General ACH Initiationl. Machine-to-machine transmission of Account Reconciliation, Paid Item

and Deposit Item files daily with automated secure transmission methodsm. Reporting on Returned Deposits, Returned ACHs, Returned Wires and

Notification of Charges (NOCs)n. Initiation of Book Transfer, Repetitive Fed Wire, and Non-repetitive Fed

Wireo. Maintenance of Repetitive Book and Fed Wire Instructionsp. Positive Payq. Remote electronic check deposit capabilitiesr. An automated electronic invoice payment solution with card and ACH

payment capabilities that receives and transmits payment and remittance data, as well as electronic invoicing and purchase order capabilities. Please include any rebate opportunities associated with these payments.

J. Investment advisory services for excess District funds is outside the scope of this RFP.

III. Calendar of Events

Banking Depository RFP Timeline

May 1 Mail out RFPs

May 1 Notice published in St. Louis Post Dispatch

May 1 Bid packages available at websitehttp://www.findrfp.com/gov/List.aspx?id=87502

May 14 Responses due back

May 31 Board of Education Notification

June 7 Board of Education Meeting - Approval

July 1 Implementation

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IV. Procedures for Receiving and Awarding Depository Contract

A. Bids are to be submitted in duplicate to the Administrative Offices of the Rockwood School District, 111 East North Street, Eureka, Missouri 63025-1229, on or before 2:00 p.m., May 14, 2012. Envelopes containing bids are to be marked: BANK DEPOSITORY BID. The Board of Education reserves the right to reject any and all bids and to waive any and all irregularities.

B. Once submitted, the bids cannot be altered.

C. All bids will be publicly opened immediately following the May 14, 2012, deadline, and each proposal will be taken under advisement. Bid documents become the property of the district and will not be returned.

D. The District may choose to interview any, all, or none of the bidders to obtain an accurate understanding of each bid.

E. The information presented in the RFP is not be construed as a commitment of any kind on the part of the District. There is no expressed or implied obligation for the District to reimburse responding firms for any expenses incurred in preparing Proposals in response to this request.

F. All Proposals must be submitted on the District forms as attached with this specification. Proposals submitted on forms other than the enclosed may be rejected. No alternate Proposals that significantly deviate or modify the concept and ultimate objectives of this Proposal will be considered. Non-compliance with RFP specifications will disqualify Proposals from further consideration.

G. Any explanation or statement that the Bank wishes to make must be contained with the Proposal but shall be written separately and independently of the Proposal proper and attached thereto. Unless the Bank so indicates, it is understood that the Bank has proposed in strict accordance with the RFP requirements.

H. Each bid will be accompanied by a cashier’s check for not less than two thousand, five hundred dollars ($2,500.00) (RSMo 165.221). This check will be returned after the bid has been awarded.

I. The selection of the Depository will be made at the regularly scheduled Board of Education business meeting following the bid opening, currently scheduled for 7:00 p.m., June 7, 2012.

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J. Bidder’s Ethics and Collusion

Collusive Bidding: Any Bank that submits more than one proposal in such a manner as to make it appear that one of the proposals submitted is competitive with that of a different Bank, or any two or more Banks that agree to fix their respective proposals in such a manner as to be awarded the bid shall be disqualified from further consideration of award of this contract and shall be subject to any applicable penalties under the law.

Bribery: Any Bank that attempts to influence a District official to award this contract to such Bank by promising to provide or by providing to such District official any gratuity, entertainment, commission or any other gift, in exchange for a promise to award the contract to such Bank shall be disqualified from further consideration of award of this contract and shall be subject to any applicable penalties under the law.

Conflict of Interest: Any bank that knows of any District official having a material direct or indirect financial interest in such Bank shall be required to submit a written statement, along with the Request for Proposal, detailing such interest. Failure to disclose such a known financial interest shall result in the Bank’s disqualification from further consideration of award of this contract.

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Bid Submittal Form(Must be submitted as part of a total bid)

V. Required Banking Services:

The District reserves the right to accept bids for and bidders may bid on individual service items as they see fit. Banking services are not intended to be bundled and may be awarded to multiple bidders on services as described below:

A. Maintain proper records with cut-off at the end of each month for separate checking accounts required by the District which may include:1. Primary - deposits2. General – sweep account3. Payroll – ZBA4. Payable - ZBA5. Self-Insurance 6. Flexible Spending

B. Accept all District deposits from local, county, state and/or federal revenue sources via ACH. When local revenues are received in December to February of each year, the individual deposits may reach or exceed $45 million. These funds may be transferred to other Financial Institutions for investment or to fund payable and payroll disbursements. A balance of funds will be maintained in the deposit accounts and, based on the past twelve month’s history, that amount has been approximately $12 million. However, the District makes no guarantee with respect to the actual amount which could be less or more at the discretion of the District. Such discretion will be exercised solely in the best interest of the District.

C. Provide security for all District funds required by RSMo 110.010, 110.020.

D. Provide, as necessary, the following services and supplies to the District:1. Depository bags, Disposable (Large) – at no charge2. Depository bags (Regular) – at no charge3. Deposit slips, pre-printed, 3-part – at no charge4. Direct deposit and automatic debit5. Deposited items, local and non-local6. Acceptance of coin deposits in bulk7. Coin counting and bill wrapping and fill orders for change/coins8. Online Wire transfer in and out9. ACH in and out10. ACH originated payroll11. Notification of ACH returns12. Transmission of paid check images13. Balance reporting14. Internal transfers

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15. Daily secure electronic transmission file (BAI format) with deposit information that can be identified by a unique individual deposit ticket number and location code for each school and department.

16. Automated account reconciliation through file transmission to Sungard’s BusinessPlus system

17. Stop payment services18. Account maintenance services19. Return item notification20. Bank confirmations21. Re-cleared items22. Investment counseling23. ACH and standard Positive Pay services24. ACH Blocks and Filters25. Remote electronic check deposit capabilities with scanning equipment. The

District currently uses scanners at Administrative Office and four High Schools.

E. Provide free safe deposit box.

F. Provide overnight investment of account balances at a fixed or variable rate.

G. Service as depository for federal withholding deposits and EFTPS.

H. Provide information suitable for input into the district computer system for daily reconciliation of cleared checks.

I. Provide numerical order cleared check imaging (item J) on CD-Rom for retrieval as required by the District.

J. Permit and facilitate wire transfer including state funds transferred to the district for deposit, direct deposit of payroll and payroll tax deposits, and transfers to other local banking institutions for the purpose of investing surplus District funds or funding disbursement checks.

K. Provide services for ACH in and out including ACH originated payroll, direct ACH payments to vendors, payment from and refunds to patrons.

L. Accept night deposits.

M. Provide on-line account information look-up service to include the ability to perform wire transfers, account balance look-up, transfer of funds between accounts, stop payment issues, statement review or printing, and direct deposit of payroll.

N. Provide, free of charge, money orders and cashiers checks.

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O. Accept Child Nutrition, Community Education and Student Activity deposits at any location, including drive-in teller locations, the deposits to be counted and verified. Describe your discrepancy notification process, the District prefers an electronic notification process.

P. Should the District find it necessary to borrow, short-term, in anticipation of tax revenue pursuant to 165.131 RSMo., the Depository shall loan funds based on a Tax Anticipation Note. Depository shall designate terms, interest rates and any fees to be charged or requirements and restrictions, if any.

Q. Provide services necessary to service a fully automated payroll whereby employees may be paid either through ACH credit Direct deposit information is submitted to the Bank for processing two (2) business days prior to the transfer date.

Provide information on any other benefits or services offered for District employees.

R. Provide (no fee) services related to procurement (purchasing) cards for district small purchases in accord with District security protocol and required data interface (if requested).

S. Provide service for electronic (web-based) remittance by District patrons either using customer initiated payments or ACH debit.

Credit card (Visa/MasterCard) or direct debit payments will be made for reimbursement of Child Nutrition Accounts, payment of Student Activities, insurance premiums and after school child care programs and to schedule and pay for classes or clubs of various Community Education programs. This service must meet District security protocols and exacting customization of data retrieval for both accounts receivable posting and to create class rosters by course member with enrollment and financial analysis reports.

T. Provide information on bank’s capability to provide online payment options for credit card or direct debit for child nutrition service (currently using NutriKids) or other online fee payment options for each school.

U. Provide electronic payment capabilities for ACH as well as card invoice payments from BusinessPlus Accounts Payable module. Describe electronic remittance and invoicing capabilities for automation of accounts payable payments.

V. Provide overdraft protection on all accounts with courtesy telephone notification.

W. Cash Petty Cash checks for District as required.

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X. If there are additional services you want to offer the District, please add them on a separate page and include this information with the bid. Additional services must include additional fees or compensating balances.

_________________________________ ________________________________Name of Bank Name and Title of Bank Officer

_________________________________ ________________________________E-Mail Address Telephone Number

_________________________________ ________________________________Address Fax Number

_________________________________Date

Rockwood School DistrictRequest for Proposal

VI. Authorized Signature

In accordance with 165.211 RSMo, the Rockwood School District, St. Louis County, Missouri will accept sealed bids for the purpose of selecting a bank depository contract.

Bidders are asked to respond to all requested information. Any questions or clarifications of the document should be directed to the Director of Finance.

This document constitutes a request for sealed proposals, including prices from qualified individuals and organizations. Proposals must be received on or before 2:00 p.m., CDT, Monday, May 14, 2012, at which time bids will be publicly opened. Proposals must be mailed to the Rockwood School District, 111 East North Street, Eureka, Missouri 63025-1229; or hand carried to the Office of the Director of Finance.

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School District Bank Depository

This page and the paged marked “Bid Submittal Form” are required to be signed and returned. Please note that the return of the signed forms shall constitute acceptance by the bidder of all terms and conditions of the original request for proposal. The bidder is advised to review all proposal submission requirements stated in the original bid document.

The bidder hereby agrees to provide the services and/or items, at the prices quoted, pursuant to the requirements of this document and further agrees that when this document is countersigned by an authorized official of the school district, a binding contract, as defined herein, shall exist between the bidder and the Rockwood School District.

Bidder’s Signature: ______________________ Date of Proposal: ______________

Company Name: ________________________ Telephone: ___________________

Notice of Award

This proposal is accepted by the Rockwood School District

___________________________________________ ______________________ Authorized Official Date

(This Section for District Use Only)

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VII. Required Vendor Information

The written proposal form shall contain the following information:

Acceptance of the Banking Service proposal provisions, if not accepted in its entirety, should be noted.

Answers and documentation to services listed in Bid Submittal Form must be included in your proposal.

An officer of the banking institution must sign the authorized signature attachment and the Bid Submittal Form.

The names of three school districts or governmental agencies for which your banking institution currently acts as principal depository. (Attachment B)

Submittal of a current audited financial statement. All Bidders submitting responses must provide 2 paper copies marked RFP Banking

Depository. All proposals must be submitted in a sealed package(s) with the above information

clearly marked on the front of the package:

DUE DATE: May 14, 2012

Rockwood School DistrictAttention: Scott Tate, Director of Finance111 East North StreetEureka, Missouri 63025-1229

A Transmittal letter prepared on the bidder’s business stationery must accompany the proposal.

A list of local branches must be included. Include a brief description of the institution. Briefly describe the institution history. The description should include the size (number of

employees and/or revenues) and areas of specialization. Provide the same information for the office that would handle the District’s account if the Bidder has more than one office.

Include job titles and description of personnel who will provide services for this contract, if applicable. This should include account executives, marketing personnel and others who would actively work on the District’s account. Identify the individual within your institution that will have overall responsibility for the District’s account and the office in which each account team member is located.

Describe the procedures established for disaster recovery in the event of a systems failure or other disaster at the bank’s primary processing site.

Provide a description for the implementation process including a detailed timeline of events.

Describe the hardware and software requirements for interface between the bank and the District.

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VIII. Evaluation

A. Evaluation in Accordance with the SpecificationThe areas that will be assessed by the District shall include, but not be limited to:

1. The accuracy and professionalism with which the Bidder responded to the District’s Request for Proposal.

2. Credit worthiness.3. The Bidder’s prior experience with similar size accounts with similar banking

needs in the public sector.4. The technological services offered by the Bidder which will support and/or

enhance the District’s electronic-based banking.5. The Bidder’s fee structure. Responses must coincide with the order presented in

the Attachment C and be exactly as given, to permit unambiguous evaluation.6. The additional services and support not specifically mentioned in this Request for

Proposal but recommended by the Bidder.7. Computer systems that support the Bidder and how they would be available and

used in the partnership with the District.8. Interest rates paid on available funds.

B. Final Ranking and Selection

1. After considering both the technical and financial factors set forth in this RFP, the District will make recommendations for the award of the contract to the responsive and responsible Bidder whose proposal is determined to be the most advantageous to the District.

2. Upon completing evaluation of all proposals, the District will select the most acceptable bid. After selection, but prior to contract award, the District reserves the unilateral right to negotiate any aspect of the proposal or proposed contract in any manner that best serves the needs of the District and is within the scope of the solicitation. Subject to successful negotiations and approval of the Board of Education, an award notice will be issued to the selected Bidder.

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Attachment ARockwood School District

Financial ManagementInformation Regarding Regulation 3160

Cash Management Services

The District, by practice, is extremely conservative and adverse to risk. Therefore, the District is seeking a well-administered cash management system that can provide market rates of return without unnecessary exposure to risks.

The cash management system for the general fund should consist of a payroll check clearing account, a general accounts payable check clearing account, a deposit account and a general account. These multiple account balances should be treated as if they were one. The District will deposit taxes, wire transfers, redemptions of certificates of deposit, interest earnings, federal revenue and other revenue received from general fund sources into the deposit account. Sub deposit accounts will be established for each location or department which sum to the deposit account. It is expected that transfer will automatically be made to either the payroll or the general accounts payable check clearing accounts when checks are presented for payment.

At the end of each business day the full balance in the general account would be used to purchase repurchase agreements registered in the District’s name and fully collateralized by U.S. Government securities (reference collateralization section). The balance would be returned to the general account at the beginning of the next business day with the interest earned added to the account. An electronic report on the District’s cash position is to be available on a daily basis.

Suitable and Authorized Investments

Investment Types

In accordance with and subject to restrictions imposed by current statutes, the following list represents the entire range of investments that the District will consider and which shall be authorized for investments of funds by the District.

1. Securities issued by State of Missouri - The District may invest in obligations of the Missouri State government for which the full faith and credit of the State of Missouri are pledged for the payment of principal and interest.

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2. United States Treasury Securities - The District may invest in obligations of the United States government for which the full faith and credit of the United States are pledged for the payment of principal and interest.

3. United States Agency Securities - The District may invest in obligations issued or guaranteed by any agency or any wholly owned corporation of the United States government.

4. Repurchase Agreements - The District may invest in contractual agreements between the District and commercial banks or primary government securities dealers. The purchaser in a repurchase agreement (repo) enters into a contractual agreement to purchase Treasury and government agency securities while simultaneously agreeing to resell the securities at predetermined dates and prices.

5. Collateralized Public Deposits (Certificates of Deposit) - Instruments issued by financial institutions which state that specified sums have been deposited for specified periods of time and at specified rates of interest. The certificates of deposit are required to be backed by acceptable collateral securities as described in 110.010 - .020, RSMo.

6. Bankers' Acceptances - Time drafts drawn on and accepted by a commercial bank, otherwise known as bankers' acceptances. The District may invest in bankers' acceptances issued by domestic commercial banks possessing the highest rating issued by Moody's Investor Services, Inc. or Standard and Poor's Corporation.

7. Commercial Paper - The District may invest in commercial paper issued by domestic corporations, which has received the highest rating issued by Moody's Investor Service, Inc. or Standard and Poor's Corporation. Eligible paper is further limited to issuing corporations that have total assets in excess of five hundred million dollars ($500,000,000).

8. Any other type of investment permitted from time to time by applicable law.

Security Selection

The following list represents the entire range of United States Agency Securities that the District will consider and which shall be authorized for the investment of funds by the District. Additionally, the following definitions and guidelines should be used in purchasing the instruments.

1. U.S. Govt. Agency Coupon and Zero Coupon Securities - Bullet coupon bonds with no embedded options.

2. U.S. Govt. Agency Discount Notes - Purchased at a discount with maximum maturities of one (1) year.

3. U.S. Govt. Agency Callable Securities - Restricted to securities callable at par only with final maturities of one (1) year.

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4. U.S. Govt. Agency Step-Up Securities - The coupon rate is fixed for an initial term. At coupon date, the coupon rate rises to a new, higher fixed term. Restricted to securities with final maturities of one (1) year.

5. U.S. Govt. Agency Floating Rate Securities - The coupon rate floats off one index restricted to coupons with no interim caps that reset at least quarterly.

6. U.S. Govt. Mortgage Backed Securities - Restricted to securities with final maturities of one (1) year.

Investment Restrictions and Prohibited Transactions

To provide for the safety and liquidity of the District's funds, the investment portfolio will be subject to the following restriction:

1. Borrowing for investment purposes ("Leverage") is prohibited.

2. Instruments known as Structured Notes (e.g., inverse floaters, leveraged floaters, and equity-linked securities) are not permitted. Investment in any instrument, which is commonly considered a "derivative" investment (e.g., options, futures, swaps, caps, floors, and collars), is prohibited.

3. Contracting to sell securities not yet acquired in order to purchase other securities for purposes of speculating on developments or trends in the market is prohibited.

4. No more than 5% of the total market value of the portfolio may be invested in bankers' acceptances issued by any one commercial bank and no more than 5% of the total market value of the portfolio may be invested in commercial paper of any one issuer.

Collateralization

Collateralization will be required on two types of investments: certificates of deposit and repurchase agreements. In order to anticipate market changes and provide a level of security for all funds, the market value (including accrued interest) of the collateral should be at least 105%.For certificates of deposit, the market value of collateral must be at least 100% or greater of the amount of certificates of deposits plus demand deposits with the depository, less the amount, if any, which is insured by the Federal Deposit Corporation or the National Credit Unions Share Insurance Fund.

All securities which serve as collateral against the deposits of a depository institution must be safekept at a nonaffiliated custodial facility. Depository institutions pledging collateral against deposits must, in conjunction with the custodial agent, furnish the necessary custodial receipts within five (5) business days from the settlement date.

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The District shall have a depositary contract and pledge of agreement with each safekeeping bank that will comply with the Financial Institutions, Reform, Recovery, and Enforcement Act of 1989 (FIRREA). This will ensure that the District's security interest in collateral pledge to secure deposits is enforceable against the receiver of a failed financial institution.

Repurchase AgreementsThe securities for which repurchase agreements will be transacted will be limited to Treasury and government agency securities that are eligible to be delivered via the Federal Reserve's Fedwire book entry system. Securities will be delivered to the District's designated Custodial Agent. Funds and securities will be transferred on a delivery vs. payment basis.

Investment Parameters

Diversification

The investments shall be diversified to minimize the risk of loss resulting from over concentration of assets in specific maturity, specific issuer, or specific class of securities. Diversification strategies shall be established and periodically reviewed. At a minimum, diversification standards by security type and issuer shall be:

U.S. treasuries and securities having principal and/or interest guaranteed by the U.S. govt.

100%

Collateralized time and demand deposits. 100%U.S. govt. agencies and government sponsored enterprises. No more than 60%Collateralized repurchase agreements. No more than 50%U.S. govt. agency callable securities. No more than 15%Commercial Paper No more than 25%Bankers' Acceptances No more than 25%

Maximum MaturitiesTo the extent possible, the District shall attempt to match its investments with anticipated cash flow requirements. Investments in bankers' acceptances and commercial paper shall mature and become payable not more than one hundred eighty (180) days from the dates of purchase. All other investments shall mature and become payable not more than two (2) years from the dates of purchase. The District shall adopt weighted average maturity limitations that should not exceed one (1) year and are consistent with the investment objectives.

Because of inherent difficulties in accurately forecasting cash flow requirements, a portion of the portfolio should be continuously invested in readily available funds such as in bank deposits or overnight repurchase agreements to ensure that appropriate liquidity is maintained to meet ongoing obligations. Repurchase agreements must allow on demand drawdowns at least twice monthly and with one workday notice.

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Attachment BReferences and Experience

Each Bidder must submit a minimum of three references. Each reference must be presently using the services similar to those requested in this RFP in both quality and quantity. No reference may be an affiliate of the Bidder or the Bidder’s officers, directors, shareholders or partners.

LIST CURRENT CONTRACTS FOR SCHOOLS AND GOVERNMENTAL AGENCIES: INCLUDE CONTACTS, AND TELEPHONE NUMBERS FOR EACH REFERENCE. USE ADDITIONAL PAGES FOR ADDITIONAL CONTRACTS:

1) Company Name:_____________________________________________________

Business Address: __________________________________________________

Name/Title of Contact: _______________________________________________

Phone Number of Contact: ______________ E-Mail Address: _______________

Contract Length: __________________ Contract Value: ___________________

2) Company Name:_____________________________________________________

Business Address: __________________________________________________

Name/Title of Contact: _______________________________________________

Phone Number of Contact: ______________ E-Mail Address: _______________

Contract Length: __________________ Contract Value: ___________________

3) Company Name:_____________________________________________________

Business Address: __________________________________________________

Name/Title of Contact: _______________________________________________

Phone Number of Contact: ______________ E-Mail Address: _______________

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Contract Length: __________________ Contract Value: ___________________

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Attachment CCompensatory Balances/Fees/Overnight Interest

Compensatory Balances/Fees:Provide a price schedule for the proposed services as listed in the chart below. Include

any one-time or set-up charges, or other fees that may be charged.Show a calculation of necessary compensatory balances, fees or combination of the two.

Show a calculation of compensatory balances required for zero service fees.Explain NO FEE structure.

ServiceAverage

Monthly Units Fee Extension Compensating Balance Required

FDIC ASSESSMENT 4,559,873 ACCOUNT MAINTENANCE 5 BANKING CENTER DEPOSIT 9 QBD/NIGHT DROP DEPOSIT 0 VAULT DEPOSIT 649 ITEM PROCESSING DEPOSIT 3 DEBITS POSTED-OTHER 9 DEPOSIT CORRECTION-NON-CASH 4 GENERAL CHECKS PAID TRUNCATED 5 DIRECT DDA STMT PER ACCT 2 TFR MASTER ACCT MAINT 1 TFR SUBSIDIARY ACCT MAINT 1 DEPOSITORY+ SUB ACCT MAINT 37 RETURNS-CHARGEBACK 26 RETURNS-RECLEAR 41 CKS DEP UN-ENCODED ITEMS 9,652 STOP PAY AUTOMATED<=12 MONTHS 2 STOP PAY AUTOMATED>12 MONTHS 0 OD ITEMS PAID-RETURNED 0 NSF ITEMS PAID/RETURNED 0 DEBITS POSTED-ELECTRONIC 72 CREDITS POSTED-OTHER 0 CREDITS POSTED-ELECTRONIC 118 DEPOSIT ACCOUNT STATEMENTS 3 DEPOSIT ACCOUNT STATEMENTS 76 GEN DISB CKS PD-IS FRONT IMG 17 FACSIMILE TRANSMISSION 2 IMAGE DEPOSIT 10 IRD DEPOSITED ITEMS-RDSO 10 IMAGE DEPOSITED ITEMS-RDSO 95

Attachment CCompensatory Balances/Fees/Overnight Interest, cont.

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ServiceAverage

Monthly Units Fee Extension Compensating Balance Required

DIRECT ACCOUNT TRANSFER 7 CURR/COIN DEP/$100-QBD-ND 0 CURR/COIN DEP/$100-BKG CTR 14 CURR/COIN DEP/$100-VLT 1,727 Currency Supp/$100-nonstd-vlt 18 DEPOSIT CORRECTION-CASH 4 COIN SUPPLIED/ROLL-VLT 233 CURRENCY SUPP/$100-STD-VLT 2 CHANGE ORDER BKG CTR 0 CURR SUPP/$100- BKG CTR 0 DEP CONDITIONING-SURCHG-VAULT 48 FAX NOTIFICATION-DCN-VLT 3 CHANGE ORDER-AUTO-VLT 9 ACH OPTIONAL RPTS-ELECTRONIC 0 ACH DELETE/REVERSAL 1 ACH RETURN ITEM 2 ACH RETURN ITEM 7 ACH OUTPUT-FILE 1 ACH MONTHLY MAINTENANCE 7 ACH INPUT-ECHANNEL 3 ACH INPUT-FILE 9 ACH ORIGINATED ADDENDA 1 ACH NOTIF OF CHANGE (NOC) 12 ACH STANDARD REPORTS-FAX 5 ACH STANDARD REPORTS-MAIL 3 ACH STANDARD RPTS-ELECTRONIC 8 ACH CONSUMER ON US CREDITS 1,355 ACH CONSUMER OFF US CREDITS 7,047 ACH CONSUMER ON US DEBITS 341 ACH CONSUMER OFF US DEBITS 1,107 ACH CREDIT RECEIVED ITEM 110 ACH DEBIT RECEIVED ITEM 59 CONTROLLED DISB MAINTENANCE 1 CONT DISB CKS PAID-TRUNCATED 1,096 CONT DISB-FUNDING CREDITS 21 WIRE MODULE MAINTENANCE SVCS 1 ELEC WIRE OUT-DOMESTIC 7 ELEC WIRE OUT-BOOK DB 1 WIRE OUT-DRAWDOWN RESPONSE 21

Attachment CCompensatory Balances/Fees/Overnight Interest, cont.

Average Fee Extension Compensating

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Service Monthly Units Balance RequiredINCOMING DOMESTIC WIRE 1 WIRE ADVICE-MAIL 30 ELEC WIRE BK MNT TEMP STORAGE 21 BOOK CREDIT 1 MANUAL ACCOUNT TRANSFERS 0 ARP FULL PPAY MAINT PAPER RPT 1 ARP FULL PPAY INPUT PER ITEM 1,088 ARP RECON TRANS END OF CYCLE 1 PAYEE POSITIVE PAY-ISSUE MATCH 1,088 PAYEE POSITIVE PAY MAINT 1 CPO ARP POSITIVE PAY NOTIF 12 CPO ARP ISSUE POSTED NOTIF 5 CPO SUBSCRIPTION ONLINE 1 GCS TRANSACTION HISTORY 0 CPO PREM IR MAINTENANCE 0 CPO PREM PDR ACCOUNT 3 CPO PREM PDR ITM STORED 2 MTH 1,020 CPO PREM CDR ACCOUNT 0 CPO PREM CDR ITEM STORED 35 CPO PREM RESEARCH ITEM 191 DIRECT PREVIOUS DAY ACCT 5 DIRECT CURRENT DAY ACCT 1 DIRECT PREVIOUS DAY MAX ITEM 333 DIRECT PREVIOUS DAY STD ITEM 457 DIRECT PREVIOUS DAY EXT ITEM 52 RPO MAINTENANCE 2 PCG MONTHLY MAINTENANCE 1 PCG TRANSACTIONS 1,005 CASHPAY WEB USER SERVICES 1 REMOTE DEP-ACCOUNT MAINTENANCE 30 REMOTE DEP CK IMAGE PROCESSING 95 RDSOL-ITEM STORAGE 4,192 MED VOLUME SCANNER MAINT 1 CD ROM MAINTENANCE 2 CD ROM PER IMAGE 1,096 CD ROM DISK 1 IMAGE ARCHIVE-90 DAYS 678 IMAGE MAINTENANCE - DIRECT 37 IMAGE RETRIEVAL BA DIRECT 30 CHECK COPY 1

TOTAL

Attachment DRockwood School District

2011-2012 Payroll Schedule

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Semi-Monthly 24 Pay PeriodsPay Date

Bi-Weekly 27 Pay PeriodsPay Date

07/15/11 07/01/1107/29/11 07/15/1108/15/11 07/29/1108/31/11 08/12/1109/15/11 08/26/1109/30/11 09/09/1110/14/11 09/23/1110/31/11 10/07/1111/15/11 10/21/1111/30/11 11/04/1112/15/11 11/18/1112/30/11 12/02/1101/13/12 12/16/1101/31/12 12/30/1102/15/12 01/13/1202/29/12 01/27/1203/15/12 02/10/1203/30/12 02/24/1204/13/12 03/09/1204/30/12 03/23/1205/15/12 04/06/1205/31/12 04/20/1206/15/12 05/04/1206/29/12 05/18/12

06/01/1206/15/1206/29/12

Payroll (semi-monthly) is processed each month for certificated, administrative and some support staff on the 15th of the month and the final day. That payroll is approximately $1.5 million from the EOM in August through May each year. In June, July and on the 15 th of August, the semi-monthly payroll falls to approximately $5 million and in June, the District pays certificated staff a lump-sum payroll of five (5) summer pays. This is approximately $14 million.

Payroll (bi-weekly) is processed every two weeks, for most hourly support staff, on Friday. That payroll is approximately $1.3 million.

Payroll is transmitted two days prior to pay day.

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Attachment EBanking Services Proposal

Name of Bank:

Submitted by:

Title:

Date:

Note: The fees/formulas/services indicated in items below must remain in effect for the duration of the contract.

INVESTMENT SERVICES

The Bank shall provide the following detailed information relating to how the Bank will invest the District’s float funds.

1. Describe the indicator the Bank will use in determining the interest paid on all District accounts.

Where PublishedSpread+ / = / -

Minimum Balance,

if any

91 Day Treasury Bill Auction Rate

Federal Funds RatePrime Rate

Other

Please attach a 24 month history of the rate indicator chosen above.

3. Indicate the number of days per month and year used to calculate interest. (e.g., 30/360)

4. Example for Clarification: Had the proposed indicator above been in place, provide a rate of return comparison for each month below, showing the interest rate and the interest earned for the repurchase agreement. Use the daily account balances in Attachment D to calculate your response.

Month Interest Rate Interest Earned Monthly

July 2011 % $

October 2011 % $

January 2010 % $

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5. Indicate if interest will be paid on Ledger Balances or Collected Balances. If paid on Collected Balances, please provide a collection schedule.

6. Describe the safekeeping arrangement for the investments held for collateralization. Preference will be given to Banks that require the collateral to be held and valued by third parties.

7. Describe the type of securities that will be held as collateral.

8. Is a minimum balance required? Yes No Amount:

9. Penalties for falling below minimum balance:

10. Maximum balance allowed in account:

11. Indicate the time of day when deposits and/or wired investments must be received to be transacted on that business day:

12. The check-clearing time is vital in an effective cash management system, since uncollected funds are not available for immediate investment. With the understanding that most checks received by the District are drawn on local banks, we require same day availability of all “On Us” and local bank deposits received by the Bank. Please indicate if the Bank offers same day availability of all “On Us” and local bank deposits.

Yes No

If your Bank does not provide same day availability on “On Us” and local checks, please detail the Bank’s policy below.

13. Please provide the Bank’s check-clearing method and policy for checks that are drawn on other than local banks to identify the time it will take for the deposited funds to

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become collected and available for investment.

SHORT TERM LOAN (Tax Anticipation Note)

14. Example for Clarification: Assume the District wishes to borrow $3,000,000 for a period of two months (November 15, 2011 – January 15, 2012). Using the Bank’s loan indicator, compute the interest and any fees the District would be required to pay.

Interest Rate

Interest Rate Indicator

Calculated Interest Loan Fees

Interest rate if on tax free basis

Interest rate if not on tax free basis

BANKING SERVICES & FEES

15. Indicate the method the Bank uses to calculate fees for banking services.

Compensating Balances Direct Charge Method

“No Charge” Other (Explain)

16. In Section V of this RFP, the District specified services and supplies that were to be provided to the District. Attachment C is a detailed listing of services the District currently utilizes. Please complete Attachment C, indicating any services for which the Bank will charge fees, and the cost of that service. Banking services fees are to remain fixed for the period of this proposal.

17 The Bank should detail any additional benefits it plans to provide to the District.

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Attachment FDepository Contract and Pledge Agreement

This Depository Contract and Pledge Agreement is made and entered into this___________ day of ___________, 2012, by and between Rockwood School District (“District”) and ______________________________ Bank, a corporation, of________________________, Missouri (“Depository”).

Whereas, the District and Depository intend to secure the deposit of District moneys by pledging collateral securities and perfecting a security interest in and creating a lien upon same contemplated and permitted by state law; and

Whereas, the parties desire to incorporate the District’s Bid Notice and Specifications and Bid Depository Sheet and Depository’s response to same into a comprehensive depository contract and pledge agreement.

Now Therefore, the District and Depository hereby agree as follows:

1. The District will from time to time deposit moneys with Depository on demand deposit, time deposit or such other deposit as may require the pledge of collateral securities. Depository agrees to safely keep the demand deposits made hereunder, to promptly collect all checks, drafts and other instruments of exchange deposited with it under this Depository Contract and Pledge Agreement (“Contract and Pledge Agreement”), and to pay out of the accounts of the District such sums as the District may draw by check, ACH or wire transfer, against the balances of said accounts and free of any expense to the District.

Depository will safely keep the time deposits or other deposits made hereunder and pay out the deposits or any part thereof when the deposits or any of them are subject to withdrawal by the terms thereof.

2. Depository will pay to the District interest on moneys deposited with depository for the period during which Depository holds a deposit or deposits. The rate or rates of interest to be paid by Depository shall be determined by the rate or rates in effect at the time of each deposit, as posed by the Depository, or based upon the applicable rates stated by the Depository in its bid applicable to such deposits, if higher. It is understood and agreed that rates may change from time to time and that the District shall be notified of any such rate changes in the same manner as notification is given to other depositors of Depository for the type of deposit affected by such change except as may be provided otherwise in the Depository’s bid to the District.

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3. To secure the safekeeping of the moneys deposited under this Contract and Pledge Agreement, Depository will deposit securities of the kind and character specified in Chapters 110 and 165, RSMo., as amended (“Securities”), in an amount which shall be at least equal in market value to one hundred percent of the aggregate amount on deposit with Depository hereunder less the amount thereof, if any, which is insured by the Federal Deposit Insurance Corporation (“FDIC”), or any successor federal government agency or entity established by law to insure deposits. The Securities shall be delivered to, receipted for and retained by another bank or trust company or other safe depositories at the expense of Depository. Depository does hereby grant, bargain, convey and pledge a security interest in and lien upon any and all securities deposited with the District’s custodian in accordance with the terms of this Contract and Pledge Agreement. In every pledge and transfer of Securities hereunder, Depository shall take all steps necessary to effect a “transfer” under state law, or where applicable, under any federal regulation governing transfers of securities. In addition to the rights and remedies given to the District hereunder, the District shall have all the rights and remedies of a secured party under Chapter 400, RSMo., as amended.

4. The District may from time to time, and upon reasonable prior notice to Depository, inspect the Securities or book entry receipts for the Securities or request an accounting of the Securities to determine that they are kept and maintained as required by this Contract and Pledge Agreement. The necessary expenses incident to the deposit and inspection of the Securities shall be paid by Depository. If, at any time, or for any reason, the District determines that the Securities do not satisfactorily secure the deposits made or to be made hereunder, the District may require that additional or substitute Securities be given and Depository shall furnish such additional or substitute Securities as are satisfactory to the District, as appropriate.

5. Depository may withdraw any of the Securities to the extent that the market value of the deposited Securities exceeds the amount required under this Contract and Pledge Agreement, and may withdraw Securities upon the delivery of Securities in substitution for those withdrawn, provided that such substituted Securities shall have a market value equal to or greater than those withdrawn.

6. Depository shall render statements or reports to the District showing the daily balance, account activity, or other information regarding the accounts of the District at all times and in every manner specified in the District’s Bid Notice and Specifications and Bid Depository Sheet and Depository’s response to same.

7. In the event Depository defaults in any manner in performing any of the terms and conditions of this Contract and Pledge Agreement, including the District’s Bid Notice and specifications and Bid Depository Sheet and Depository’s response to same, or if Depository fails to safely keep the moneys deposited with it, the District shall be authorized forthwith, without notice, advertisement or demand, and at public or private sale, to convert into money the Securities deposited by Depository or as many of them as may be necessary to pay the whole amount of the moneys deposited with Depository, with an accounting made to the Depository or its successor in interest. The District may purchase any or all of the Securities sold at any such sale.

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8. If at any time during which there are District funds on deposit under this Contract and Pledge Agreement, Depository comes under investigation (other than the ordinary review of financial institutions). Management or control of the FDIC or any other federal government entity authorized by law to implement the provisions of the Financial Institutions Reform and Recovery Act (“FIRREA”) or any similar or successor federal law, Depository shall so notify the District and shall further notify the FDIC or other appropriate federal agency or entity of the existence and terms of this Contract and Pledge Agreement. Depository or any successor, assignee or transferee in whole or part of Depository’s interests under this Contract and Pledge Agreement agrees to be bound exclusively by the terms of this Contract and Pledge Agreement and Missouri statutory law, and further agrees that the terms of this Contract and Pledge Agreement shall not be preempted by federal law without advance written notice to the District detailing the specific provisions of the Contract and Pledge Agreement which may be subject to preemption and the specific provisions of federal law which purport to authorize supervention.

9. Depository shall not transfer, by assignment, subcontract or otherwise, any interest or duty in this Contract and Pledge Agreement, including the services or responsibilities described in the District’s Bid Notice and Specifications and Bid Depository Sheet and Depository’s response to same, without the prior written consent of the District. Notwithstanding anything of the contrary herein, Depository in performing the obligations described in this Contract and Pledge Agreement. Upon request, a list of all affiliates or contractors to be used by Depository shall be provided to the District.

10. Depository must maintain the capability to access or reconstruct necessary data files in the event of destruction or software default, and to operate on substitute equipment or software within three (3) business days if rendered inoperative.

11. Depository must maintain complete confidentiality of all records relating to services performed under this Contract and Pledge Agreement, including the District’s Bid Notice and Specifications and Bid Depository Sheet and Depository’s response to same, in accordance with state and federal laws, rules and regulations.

This Contract and Pledge Agreement shall commence July 1, 2012, and remain in force and effect until June 30, 2013, or until such later date as designated by the District and agreed to by the Depository, not to exceed a total of five years, provided, however, that each party reserves the right to terminate this Contract and Pledge Agreement, at any time, by giving one hundred twenty days (120) written notice to the other party of its intention to do so.

The individuals executing this Contract and Pledge Agreement on behalf of the parties hereto represent that they have the proper corporate authority to enter into the transactions evidenced hereby. No right or remedy conferred upon or reserved by any party thereunder shall be exclusive of any other right or remedy which may be available to any party. The failure of any party to insist upon the strict performance of any term or condition of this Contract and Pledge Agreement of the failure of any party to enforce any right or remedy available to it under this Contract and Pledge Agreement shall not be construed as a waiver of any such term, condition, right or remedy in the future, such terms and conditions, rights, and remedies to remain in full force and effect as if no such forbearance has occurred.

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Depository agrees to maintain a copy of this Contract and Pledge Agreement in its official files during any period that it serves as Depository for the District.

There is attached hereto and incorporated herein a certified copy of the minutes of the Board of Directors of Depository authorizing the execution and delivery of this Contract and Pledge Agreement by the officers of Depository, whose names are affixed on behalf of Depository.

In Witness Whereof, the parties have executed this Contract and Pledge Agreement in duplicate and affixed their seals as of the date first noted above.

(District Seal) ___________________________________________District

By: ___________________________________________President

By: ___________________________________________Treasurer

Attest: ___________________________________________Secretary

(Depository Seal) ___________________________________________Depository

By: ___________________________________________

Attest: ___________________________________________

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