Title Page - The School District of Palm Beach County

Request for Proposal for Banking Services
Solicitation No. 12C-009C
The School District of Palm Beach County
sale of an asset is known as a Realized Gain/Loss. The gain or loss is determined by subtracting the
amount paid for the asset from the amount received from the sale of the asset.
13.161 Do you have the capacity to report brokerage commissions by account and by transaction?
Yes, the trust accounting system reports brokerage commissions by account and by transaction.
13.162 Explain the methodology and policies in place for accrual accounting. What transactions are not
accrued?
Our trust accounting system provides statements on either a trade date or settlement date basis and
either an accrual or cash basis.
13.163 Describe your ability to implement, establish and maintain a fixed income portfolio based on amortized
cost. Describe the amortization/accretion methods available to the fund, frequency of processing,
conversion experience, and the current value of fixed income being maintained by you using this
application.
We can receive assets based on amortized values.
If amortization/accretion is elected, we utilize the straight-line method, which is applied on a monthly
basis and at the time of asset disposition.
13.164 What is your source and how do you account for pay down information? Do you maintain a record of the
original face amount purchased?
Mortgage – backed securities are priced thru IDC on a monthly basis. Original face amounts are
maintained.
13.165 Is reporting provided on a trade date, accrued basis?
Yes.
13.166 Describe your standard reporting package. Provide copies of reports available to clients.
We can furnish trust accounting statements on a trade date or settlement date basis and on an
accrual (except expenses) or cash basis. Statements can be generated on a monthly, quarterly,
semi-annual or annual basis. We offer a variety of format options such as:
• Account summary
• Investment summary
• Portfolio details by issue
• Cash receipts/disbursements
• Income earned
• Acquired/disposed asset listing
• Unrealized gain/loss by asset category
• Total unrealized gain/loss
13.167 Which standard reports are available on-line? Are they available the next business day? Describe when
and how we would access these reports.
All standard reports are available “real time” on One Portfolio View (OPV).
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