WIC EBT Feasibility Study and Cost‐Benefit Analysis
WIC EBT Feasibility Study and Cost‐Benefit Analysis
WIC EBT Feasibility Study and Cost‐Benefit Analysis
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
VIRGINIA DEPARTMENT OF HEALTH<br />
PAPER‐BASED SYSTEM<br />
BANKING COSTS<br />
INSTRUCTIONS: Item descriptions, cost per unit, annual quantities, <strong>and</strong> comments may be entered into shaded areas.<br />
BASELINE: ONE YEAR ESTIMATED BANKING COSTS RELATED TO PAPER‐BASED <strong>WIC</strong> ISSUANCE<br />
Return to Index<br />
Quantity in Cost in Assessment<br />
Item Description Cost per Unit Assessment Period Year Comments<br />
1 Food Instruments Paid $0.053 4,580,259<br />
$242,754<br />
2 Food Instruments Rejected $0.800 39,723<br />
$31,778<br />
3 Endorsement Edits $0.030 58,884<br />
$1,767<br />
4Farmers' Market Instruments Paid $0.032 57,715<br />
$1,847<br />
5ACH Payments to Retailers $0.500 2,212<br />
$1,106<br />
6ACH Statements $3.000 2,212<br />
$6,636<br />
7 Compliance l Food d Instruments $ $1.000 841<br />
$ $841<br />
8 Voucher Shipping & Restock Fees $68,950.000 1<br />
$68,950<br />
9 Wire Transfer (Funds Draw Down) $5.000 356 $1,780<br />
10 $0<br />
11 $0<br />
12 $0<br />
TOTAL ANNUAL BANKING COST RELATED TO THE PAPER‐BASED ENVIRONMENT $357,459<br />
E‐<strong>WIC</strong> <strong>Cost‐Benefit</strong> <strong>Analysis</strong><br />
Banking Cost Baseline:<br />
Paper‐Based Issuance Page 13
Change language