1982-12-20 RM Exhibits
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NEW HANOVER C:OUNTY /<:)/;;..~/gL
LARRY J. POWELL
OFFICE OF THE TAX AD1\llNISTRATOR
320 CHESTNUT STREET
WILMINGTON, NORTH CAROLINA 28401-4090
Telephone (919) 763-099\
Tax Administrator
NEW HANOVER COUNTY TAX COLLECTIONS
Collections thru November 30, 1982
Charged Per Scroll
Discoveries Added
1982
$17,199,745.99
2,734,137.23
$19,933,883.22
21, 940.51
$19,911,942.71
- 5,482,003.70
$14,429,939.01
27.53%
1981
$16,411,131, 85
2,394,059.11
$18,805,190.96
18,791, 76
$18,786.399.20
- 5,156,172.56
$13,630,226.64
27.45%
Less Abatements
TOlal Taxes Due
Collections to Date
Outstanding Balance
Percentage Collected
Back Taxes
Real Estate Taxes $ 579,115.02 $ 475,767.69
Less Abatements 725.64 2,403.81
Collections to Date 124,556.14 114,042.70
Outstanding Balance $ 453,833.24 $ 359,321.18
Percentage Collected 21.54% 24.09%
Personal Property Taxes $ 767,006.68 $ 637,438.18
Less Abatements 2,752.50 618.28
Collections to Date 49,364.14 50,870.61
Outstanding Balance $ 714,890.04 $ 585,949.29
Percentage Collected 6.46% 7.99%
Total money processed through Collection Office for New
Hanover County, City of Wilmington, Carolina Beach, Kure
Beach, and Wrightsville Beach to date $7,859,263.88.
This report is for fiscal year beginning July 1, 1982.
t"'1
Respectfully submitted,
'?l1 tr1 i4:L <;:\, 'Hcu-~ n
Patricia J.~~ynor U
Collector of Revenue
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...........
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..... MEMBER
1/.\1.\0 INTERNATIONAL ASSOCIATION OF ASSESSING OFFICERS
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MEMORANDUM
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FROH:
Hr. G. Felix Cooper
County t-lanager
Larry J. Po\<lell ,.....J/(
Tax Administrator
TO:
DATE:
December 13, 1982
SUBJECT:
Abatements and Refunds
Request the following taxes be released as the taxpayers reported
incorrect or incomplete information at the time of listing:
1. Askew, Donna Earlene $
2. Autry, William Ray
3. Ballard Frank T. Dorothy H.
4. Barnes. Larry A. Sr. Rose
5. Barry, Richard James
6. Batson, Sidney Laffette
7. Becker, Donald E.
8. Belanger, Carolyn Lucas
9. Benson, David
10. Betts, Derek Anthony
11. Biette, Donna Harie
12. Blanks, Lillie
13. Blow, Gerald Duane
14. Brown, Faye Medlin
15. Brown, William Henry
16. Burress, Mary Ann KeIrn
17. Burress Hichael Dennis
18. Canfield, Lee Randall Louise
19. Capell, Joseph Vanderbitt
20. Capps. Homer Boyd
21. Carpenter, Carole Putnam
22. Carrere, Pamela Ann
23. Carty, Larry Thomas
24. Collie, Candace Balch
25. Conwood Corporation
26. Costin, Wanda Sigmon
27. Cribb, Larry G. Delores
28. Crips, Ronald Paul
29. Crist, Lauren Kay
30. Daniluk, Samyon E. Ruth
31. Davis, Jimmie Carlton
32. DePootere, Jean Louis
33. Ditterline, Katherine Delphi
34. Dowdy, Lonnie Eugene Jr.
35. Downs, Cynthia C.
28.88
8.76 (1981)
32.77 (1981)
26.19 (refund)
.95
76.95
20.11
19.16
35 . 76
49.28
26.88
94.60
40.82
.95
43.04
45.65
10.18
41. 42
69.69
73.34
24.60
10.25
45.55
24.29
106.52
28.62
17.13 (1981)
35.24
13.01
28.96 (refund)
51. 77
61. 96
23.56
80.6l. (1981)
116.10
Hr. G. Felix Cooper
Page 2
December 13, 1982
36.
37.
38.
39.
40.
41.
42.
43.
44.
45.
46.
47.
48.
49.
50.
5l.
52.
53.
- 54.
55.
56.
57.
58.
59.
60.
6l.
62.
63.
64.
65.
66.
67.
68.
69.
70.
7l.
72.
73.
74.
75.
76.
77.
78.
79.
80.
8l.
82.
Edens, Agnes Elmore $
Edens, Gregory Dean
Elks, William Raoy III
Evans, James Anthony
Failing, Robert Clark
Faircloth, Donald Eutice
Fenegan, Reedy Willard
Fokakis, Nicholas Thrasyboulus
Futch, Willie L.
Gainey, Lee II
Goodes, Nixie Nunnelee
Gralak, Irving Daniel
Green, Robert Jr.
Grenell, Mark Edward
Grotgen, John Frederick Jr.
Hanson, Thomas Arthur
Hodges, Mankie
Holland, Stephen Carroll
Holley, James T. Daphine G.
Hubis, Linda Renee
Hughes, Billy Doyne
Jamieson, James Earl
Jewell, Charles Douglas
Jewell, Lynda Long
Johnson, Annie
Johnson, Carol Hyde
Johnson Dorothy Miller
Jones, David Morrell
Keyser, Jody Burton
Kirsch, John Thomas
Kressin, Donald Thomas
Kye, Hary Ann
Lance, Inc.
Langston, Jerry Conley
Lee, Jesse Thomas III
Little, Rex Delmas
Hahne, Rosalee Hilliams
Marlar, Miriam Ellis
Marquez, Teresa Cameron
Matheny, John Edward
Hayhew, Phyllis Ann
McAtee, Hubert
McCaskill, Harold Eugene Sr.
Hclver, Lisa Cometti
McLeod, Robert J. Jr.
Messer, Jimmy F. Mildred B.
Mims,Lu Ann Margaret
28.88
48.15
23.42
.95
4.73
36.59
88.11
15 . 85
7.77
116.97
37.61
1.86
49.28
.95
44.81
29.33
3.39
3.36
15 .6 3
24.60
78.16
38. 58
79.71
30.51
175.70
95.57
.95
38.08
31.69
24.84
20.21
48.25
335 . 72
37.84
14.19
23.65
31. 46
30.51
59.96
46.79
23.25
29.87
62.44
76.16
52.50
107.25
26.49
(1981)
(1981)
(1981)
(refund)
(refund)
\
(1981)
(refund)
Hr. G. Felix Cooper
Page 3
December 13, 1982
83.
84.
85.
86.
87.
88.
89.
90.
9l.
92.
93.
94.
95.
96.
97.
98.
99.
100.
10l.
102.
103.
104.
105.
106.
107.
108.
109.
1l0.
Ill.
112.
113.
114.
llS.
116.
117.
118.
119.
120.
l2l.
122.
123.
124.
Moskowitz, Elliot B.
Hullinax, Charles Henry
Newland, Kenneth Taylor
Newton, Gywendolynn Culling
Nixon, Larry Wayne
Norris, Kenneth Dale
Oxendine, Earl Braxton
Page, James Durwood
Perryman, Edna Hae
Register, Walter R.
Rose, Deborah Kay
Russell, Sandra Kay
Schneider, Allyn Warren
Sistrunk, Irving
Slockett, Robert ThowBs
Smith, Donald B.
Spital, Frances Ann
Stallings, Churchwell K.
Strayhorne, Polikseni Mrs.
Swartz, Michael Martin C. G.
T. J. Matt Leasing Co.
T & T Development Co., Inc.
Taylor, Brenda Kay
Terry, Bob Lee
Thomas, Benjamin etux
Thompson, Clarence Arthur
Thompson, Karla Joy \-Jest
Thompson, Terry Jones
Torres, Don Carlos
Vereen, William Eastman
Ward, David Alan
Harner, Donald Earl
Watts, David Earl
Watts, Gordon Payne Jr.
vfuiskey Creek, Inc.
Wigners Service Co, Inc.
Whitman, Barbara Christine
Wilder, Terry Gene
Hilkins, Deborah Crown
Williams, William L. Helen
Witmer, Ruth Catherine
Woodcock, Arthur T.
$
133.04
116.48
13.19
11.35
26.88
29.87
28.62
107.14
27 . 87 (1981)
20.82
33.35
35.35
7.43
16.29
14.06
35.24
37 . 18
2.84
33.76
23.13
282.36
173.22
9.93
7.53
9.02
38.37
76.16
32.54
45.18
45.88
84.13
73.79
30.04
39.73
2,150.00
24.37
24.37
2.00
43.29 0
25.61 (refund)
94.08
72 .19
Mr. G. Felix Cooper
Page 4
December 13, 1982
Request the following taxes be released as they are double-charged:
l.
2.
3.
4.
5.
f>.
7.
8.
9.
10.
II.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
3l.
32.
33.
34.
35.
36.
37.
38.
39.
40.
41.
42.
43.
44.
45.
Bame, J. C. Hary Alice $
Barnett, Joe Louis
Bass, Alley Augusta
Bass, Hichael Lynn
Boney, Barbara Foutz
Choplin, Harie Linard
Cook, Frances Orene
Curry, Easter Peeler
Dexter, Leslie Vernon
Dorsey, Marguerite
Eldridge, Rosalie Williams
Elks, Marie Phillips
Failing, Doris Frederick
Finberg, L. R.
Finnerty, John Joseph
Freeman, Esther Mitchell
G,& S Interprises
Glunt, Jerry Daniel
Hankins, James Henry
Harmon, Sharon Elizabeth
Harrell, Charles ~&acham Jr.
Harris Cottages
Hartzog, Eva Hae Carroll
Hawes, Delores Laney
Haynes, Wanda Gideon
Hudgens, Mary Jo
Hutchens, Robert F. Jr.
Jordan, Thomas Clayton
,Kirsch, Sara Cotton
Lennon, Ann Ammons
Hasen, Bennie Ray
Masterson, Michael L.
t-latthews, Brenda Jones
HcCalloch, David Alexander
McNew, Linda Waters
Mid-Atlantic Hoving Storage, Inc.
Moore, Nancy Lobmiller
Nigh, Carol Margaret
Patterson, Robert Lee
Quartermain, Leslie Marlene
Rabon, William Betty
Raynor, Anthony Lynn
Simmons, Doris Dean
Singer Co., The
Smith, Gerald William
o
48.59
103.17
13.01
22.23 (1980)
30.04
10.86
35.72
72 .68
41.15
131.91
67.20 (1981)
43.99
84.91
30.05
.92
73.67
30.75
10.18
15 .14
38.25 (1981)
10.84
25.60
.95
54.64
43.04
202.08 (1981 refund)
.94
76.40 (refund)
23.65 (1981)
17.50
79.02
7.67
62.68
16.67
24.12
1,742.36
84.12
23.89
78.16
22.23
51.73 (1978)
60.07
23.89
4,883.37
61. 28
Hr. G. Felix Cooper
Page 5
December 13, 1982
46. Smith P. R. Jr., Lillian J. $ 81.45
47. Sp encer, Sharon Lefstead 46.44
48. Stanley, William David 31.64 (1980 )
49. Stotesbury, Mooney Ann 136.95
50. Strickland, Anna Burnett 81. 35
5l. Tucker, Claude Brady 66.22
52. Turner, Frederick E. Wi lma J. 143.55
53. Venters, Hark Delamar III 77.65
54. Walker, Emmett Richard, Sr. 26.73
55. Walker Plumbing Co. 48.02
56. Williams, Carl R. 11. 35
Request the following taxes be released as the property is not
located within the city or town limi~s:
1. Abshire, Virginia Lazarus $
2. Anderson, Charles A. III
3. Bickel, Pattie Ann
4. Blair, Juanita Woodhouse
5. Butts, Dorothy Lewis
6. Cannon, Harry R.
7. Clayter, Deborah Ann
8. Coastal Heating & Air Conditioning
9. Cumber, James Edward
10. Davis, Cynthia Sneed
11. Dean, Edwin Little
12. Dugan, Jeffrey Scott
13. Dugan, William Scott Jr.
14. Edwards, Ernest Lynnwood
15. Edwards, Ralph Lee
16. Edwards, William B.
17. Futrelle, Sam
18. Glisson, Lawrence C. Brenda
19. Godbold, William Thomas Jr.
20. Hardy, Walter Dee Jr.
21. Johnson, Elmer D. Christine
22. Logan, William Joshua Jr.
23. Matthews, Jerry Michael
24. Maultsby, James Edward
25. McNeill, John Charles
26. Herritt, George Anthony
27. Moore, Debbie Croom
28. Norris, Sandra Barbara
29. Ransom, Robert L. Debbie
30. Sheneman, Edwin Allen Jr.
31. Sullivan, David Cindy
32. Tyson, Norman E.
33. Whitlock, Phillip Keith
68.45
70.80
35.39
47.03
27.43 (1981)
74.91
78.57 (1981)
198.55
116.26
33.76
10.56
31.88
137.11 (1981)
11. 26
95.29
50.78
97 .71
86.49
115.18 (1977 & 1978)
34.49
120.90
21.14
19.92
86.74
18.26
37.88
5.59
23.64
430 . 7 3
106.40
137.99
14.11
31.59 (refund)
t-rr. G. Felix Cooper
P ag e 6
December 13, 1982
Request the following taxes be released as these charges are due to
clerical errors of mispricing vehicles, inventory and household
furnishings; listing penalties charged in error; incorrect acreage
and lot pricing; building charged in error; incorrect township codes;
failure to allow use value appraisal and incorrect encoding:
l.
2.
3.
4.
5.
6.
7.
8.
9.
10.
II.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
Allied Appliance Repair $
Booker, Edward N. Jr. Virginia G.
Chestnutt, Lloyd Earl Jr.
Collier, Marian W.
Crabtree, J. C. Ada Louise
Hall, Robert E. Linda
Harrell, A. H. etux
Netreba, Wincenty Hrs. Trust
Newkirk, B. W. Jr. etux
Petroleum Fuel Terminal Co.
Pine Valley Estates Inc.
Rice, Robert Terry
Richardson, ~.Jilton B. Bobbie
Roberts, Cheryl R.
Seitter, D. B. Jr. Roseman I. A.
Sholar, David G.
Smeilus, Nona Janet Hood
Smith, Keneth L. Joelyn T.
Sneeden, James Leo
Sullivan, Leon E. Naomi S.
Temoney, Eddie Lee
Trask, Daniel W.
Woody, Robert C.
Zorich, Katherine L.
110.39
14.59
9.96
33.20
4.96
13.58 (refund)
165.21
17.20
217.15
1,561. 99
1,302.10
8.51
3.87
101. 73
201.27
37.92
64.53
173.58 (refund)
67.17
37.69 (refund)
117 .50 (1981)
3.53
130.72
11. 77
i
I
t
,
!
L
I
I
I
I
1
I
Request the following taxpayers be allowed the Senior Citizens
exclusion as they qualify but failed to receive the reduction
due to a change in the application law:
1. Bell, Esther H. $ 153.85
2. Brown, Ada Pearsall 71.50
3. Brown , Ethel 106.64
4. Brown, Mabel S. 58.11 (re fund)
5. Collini, Charles J. 59.37
6. Council, Clarence C. Emma M. 135.75 (1981 refund)
7. Ezekiel, Errnna 148.38 (refund - 75.38)
8. G1od, Teador 73.10
9. J ame s, J es seW. Gladys J. 144.57
10. HcArthur, Catherine N. etal 86.70
II. Peterson, H. E. 15 3 . 85
12. Rivenbark, W. C. 73.10
13. Smith, Ralph H. 73.10, (refund)
14. Wilkins, Minn ie G. 12.67
Mr. G. Felix Cooper
P ag e 7
December 13, 1982
The following taxpayers request the listing penalties be released
as they certify the listings were placed in the mail during the
month of January:
l. Daunais, Mary Jean $
2. Dunn, Carolyn S.
3. Horne, Eunice
4. Locke, Stephen Robert etux
5. McGuire, David Jr.
5.62
25.59 (refund)
1.76
23.70 (refund)
2.93
Request taxes in the amount of $22.23 charged to Freedom Baptist
Church be released as this is exempt property.
Request these items be placed on the consent agenda for the County
Commissioner's meeting on December 20, 1982. I recommend approval
of these abatements as the Commissioners have approved these types
of releases in the past.
LJP: nfb
copy:v1Mrs. Joyce Bragg
Acting Clerk to
the Board
Mr. Robert Pope
County Attorney
(J
"
i,' !
fi~ ~~-;?1.027
\.J ACliOVIA B.'L'\K. & T?U ST emlP .;\'''iY, :;. A.
\.JlUiWGTON, \O?.TH CAROLINA
PROPOSAL TO SERVE FIN.~~CIAL REQUIRF~lE:~TS FOR
NEH Hlli\JOVER cor:;TY GOVER,N~1ENT
In accordance with instructions in your letter dated ~ovember 12, 1982,
\{achovia's proposal will follow the basic outline set forth in your bank proposal
guidelines. This will include covering the three IT~in areas of your banking rela-
~ionship which includes (1) commercial bank :unctions, (2) advisory services and
(3) other services.
I. Commercial Bankin~ Functions - The following services will be provided:
A. Investments:
1. We will continue to provide the service of transferring funds
by telephone between interest bearing savings accounts and
various checking accounts.
2. We will continue to provide a daily investsent service for
checking account balances by investing these funds over the
~eekends in a short term repurchase agreement or other agreed
upon investments until the following Monday morning.
3. We will continue our present procedure of daily notification
to the finance officer by telephone of all selected account
balances.
4. We will provide the county finance officer ~ith a monthly
account analysis (recapitulation) of all checking accounts
showing average daily balance, items transacted, number of
deposits and return items. Attached is a copy of our
cow~ercial account analysis format used for this purpose.
5.
i,e will provide the county with the option of converting
~xisting accounts to NOW accounts or Cash Investment
Accounts which pay interest on daily checking account
balances.
- .~
6. He will transfer funds from/to checking or savings accounts
by wire at no direct cost to the county!
B. Regular Banking Services: - Wachovia would be pleased to provide the
following services:
1. We \"ill continue to supply necessary banking facilities and
supplies to carry out the daily banking needs of the county.
including the printing of checks and deposit receipts and
reimbursement for special multi-part continuous forms checks.
2. We will continue to supply the county with monthly bank state-
ments for each account by the 4th working day of each new month,
sorted in nUDeric~i ~~cu~nc~. ~~ ~ill ?rovide the county ~ith
a reconci1i:nion o~ ,ri~cking accounts ,;r1ich includes sorting
of checks in numeric3l sequence and providing a list of items
paid in numerical s~quence to minimize clerical time devoted
to account reconciliation.
C. Tax Funds: - ~e \Jill continue to provide special handling :or the New
Hanover County tax funds:
1. We will continue to provide the special handling of :~unty
tax deposits along with subsequent transfers to appropriate
governmental units.
2. \.Je will continue to provide the free service of special handling
of all "return items" on the various tax accounts or :1ny other
account that may be designated by the county finance office.
II. Advisory Services - He will continue to provide ?rofessional advisory services
to the New Hanover County Government and Finance Office in the areas of Cash
Management, Investments, and Accounting System Advisory Services.
A. Cash ~an3~ement:
1. Wachovia initiated and previously completed a thorou;n cash
~3nagement study for New Hanover County. \{e will be ?leased
to make a copy of this comprehensive study available for the
review of each commissioner.
2. As a result of the study, the county has been able to steadily
reduce the level of demand deposits and increase investment of
excess funds. For example, collected balance levels in New
Hanover County accounts before this study averaged $1,893M.
After the study, balance levels have averaged less than $200M,
reflecting the outstanding job the county finance office is
doing in investing available funds~
3.
The reduction in demand deposit levels and the increase in
investment of excess funds has produced real economic benefits
to the county and ultimately to the taxpayers.
_ --=::l
4. ~e will continue to meet regularly with the county finance
officer to further refine the cash management techniques
employed by the county.
B. Investments: Wachovia has demonstrated in the past through its bond and
investments department an ability to provide professional service that
has resulted in a savings to the taxpayers. Several examples are:
1. Wachovia has consistently submitted low bids on New Eanover
County bond issues. The 3ggressive bids submitted by Hachovia
have saved county taxpayers substantial amounts of money when
compared to the next lowest bids.
- 2 -
2. Hachovia h.:ls proved to be the mos t aggressi \Oe bank on
rates for short term investments throughout 1982. ~achoyia has
consistently through aggressive competitive ~idding won the
majority of all public funds invested in New Hanover County in
Certificates of Deposit, Repurchase Agreements and Commercial
Paper. Wachovia is the only bank in North Carolina with a
co&~ercial paper rating high enough to qualify for the invest-
ment of public funds in its own commercial paper. ~achovia
has consistently demonstrated its ability to be the most com-
petitive b.:lnk when the county is seeking the best rates on
thei~ invested funds.
C. Accountin'2: System Advisory Services - h"achovia has worked with the New
Hanover County Finance Officer on reconmendations that would reduce County
expenses and increase county income.
1. I-lachovia' s cash manage!::ent study and its subsequent impact on
increasing income for ~:e'N Hanover County GO'\;ernment h.:lS been
significant.
2. ~.;rachovia has been the lead bank in 010rth Carolina in introducing
the concept and implementing the North Carolina Auto~~ted Clear-
ing ~ouse Association as well as the autowBced pay~ents exchange
system which took place in early 1976.
3. Hachovia will continue to insure that the \.Jilmington Office will
be staffed with sufficient resource people to provide the very
best in advisory services for New Hanover Ccunty. \.:achovia has
the largest staff of bankers in the city and these human resources
will continue to be available for the benefit of the county.
4.
We will continue to serve as a coordinator of specialized public
fund services for New Hanover County. We are probably one of
the few banks in North Carolina to have a Senior Vice President
in our headquarters who is responsible for the public funds
function.
.~~
5. We .....ill con tinue to have a V ice President in ~-lilmington as the
responsible account officer servicing the relationship between
Wachovia and New Hanover County. This account officer has 17
years banking experience and 5 years of experience in dealing
with public fund accounts. This account officer will be backed
up by another corporate banking officer with more than 10 years
banking experience here in Wilmington.
III. Other Services - ~.;rachovia will continue to provide the follo.....ing additional
services for New Hanover County:
A. Christmas Savings Account for County Emplovees - I,:achovi.:l will continue
to provide a Christmas savings plan for any and all employees on a
volunteer basis. This has been provided as a payroll deduction service
and deposited into a daily interest savings account. We are pleased to
continue this arrangement in the future. This would work particularly
- 3 -
well under the automated payroll deposit :::'V'"tCD, \~e ;..'auld .:lgree for the
employee to have the option of retaining th2 p3ssbook .:lnd betng ab~e to
make withdrawals from his/her account: as they "ish without the county
payroll department being involved in withdr.:lwals.
B. We will continue to provide food stano storage services that meet govern-
mental security re1uirements as well as the future volume requirements or
the Department of Social Services. Our service ~ill continue to include
the following:
1. A separate vault room for stamps within the ~in vault with
access on a dual control basis.
2. Our IT~in office vault location provides the easiest and most
convenient access for the Departnent of Social Services of all
the banks downtown.
3. Our vault area provides a work table and easy storage of food
stamps, not requiring a ladder or stool for handling bulk storage.
4. Our vault is of sufficient size to allow for growth in the volume
of food stamps.
5. We will continue to offer the Department or Social Services a
safe deposit box at no cost.
6. Our door guards assist in the daily loading and unloading of
stamps.
7. Daily deposits are handled conveniently at our collection teller
window, on a "first priority" basis.
8. Adequate insurance will continue to be provided on stored food
stamps.
9.
Top priority will continue to be given when new shipments arrive
as well as on daily pick ups and return of stamps.
In su~~ry, the food stamp program is of major importance to the
New Hanover County Government and to the Department of Social
Services. In the past, our unique convenience of storage facilities
along with our security and control procedures have helped to
enable the Department of Social Servicesto provide a quality food
stamp program.
c. We will continue to provide New Hanover County a safe deposit box at no
cos t.
D. We will continue to provide armored car services for the county as needed.
E. We will be pleased to handle the direct deposit of the pay of county
employees to their designated checking or savings account in a financial
institution of their choice. This service would provide an excellent
benefit to the county employees as well as substantially reducing county
clerical costs. We \</ould provide comnlete training assistance if the
county chooses to offer this excellent: employee benefit.
/, -
r. ~;e '~'ill c.J.sh .\FDe checks at no charge even though this r'.2rson D.:ly
~ot have a bank account, provided the recipient meets cstablisfied
criteria as agreed upon by the Department of Social Services and
\,,'a c h ov ia.
G. ~:e ,,:il1 continue to provloe the departDent heads of the New Ibnover
Coun ty Governmen t and others ,,-'i th advisory servic es '..:hen and if
needed in the areas of personnel administration, personal financial
~3nabe~~nt, cash r.3nagement, investsents, electronic funds transfers
2nd other areas ,.:hich the county might feel ,.le could m3ke a contribu-
tion.
H. ',,'e ...:ill continue to supply personnel to serve on panels, cOIrullittces,
se~inars and other ncetings where our expertise might be needed on
:::atters \,'here the county feels that ,:e could make some positive
contribution.
I. ~achovia serves as co-paying agent with the First National City Bank
of New York on five (5) New Hanover County general obligation bond
issues. We wish to continue serving in this capacity on future bond
issues for the county.
J. i;'e '\.'Culd continue to provide the count)' '"ith destruction crer.2tion
.services on bond issues.
In SUL :'1ry, we would anticipate that collected balance levels in the Ne"y Hanover
County banking relationship would adequately cover the costs of providing banking
services for the various accounts. In the event that balance levels were not sufficient
to cover these costs, we have attached our account analysis format for your use and
would charge on that basis.
We appreciate
County Government.
in the future.
the opportunity to serve as the bank of account for the New Hanover
\~e anticipate a strong continuing mutually beneficial relationship
5
CORPORATE ACCOUNT ANALYSIS
For Month Ending_
APPLICABLE EARNINGS OF DEPOSITS
Average Daily Ledger Balance
Less A"erage Uncollected Funds
Average Collected Balance
Value of Collected Balance @
SERVICES UNDER ANALYSIS
_Maintenance
_ Ledger Transactions - Deposits
_ Ledger Transactions - Debits
Deposited Items - Qualified
Drawn on NC Bank
Drawn on Non-NC Bank
Deposited Items - Unqualified
_ Drawn on NC Bank
_Drawn on Non-NC Bank
_Return Items
Wire Transfers
_ Stop Payments
_ Roll Coin Issued
__ Night-Depository
__ Currency Deposited Per Thousand
Lock Box Services
Account Reconciliation
(type _check.-Sort"
Disbursement Services
_ Daily Notification Acc t. balanc es
Armored- Ca.r:-Ser-vic e
Checks~nd-supplies
lnterest-paid_on_checking~account
InvestmenL-Service~
F_Qo_d_s tamp_s torage
%
@ .225
@ .105
@ .03
@ .045
@ .045
@ .06
@ 1.25
@3.50
@4.00
@ .03
@ .20/2.00 minimum
)@_0?5
,balances--
Total
Value of balances remaining for other services (deficiency)
Exchange
202 NEW 8-81
7 r r ~,~. ":'.; (".:' r~'''''''
l L r..~ ~ ~..~ '\.~ LC~
Wachovia Bank & Trust,Company. N,A.
$
s
S.Q9_
$
$
$
$