Bank Depository Services

Description: The City's Finance Department handles all banking, treasury, and investment activities as well as accounts payable, receivables, payroll, and financial reporting functions. The Director of Finance is responsible for the department and reports to the City Manager. The City has multiple locations at which funds are collected and from which funds may be deposited. Currently deposits are made by City staff on a daily basis but all transactions are under the direction/control of the Finance Director. The Finance Department handles all reconciliation. The City has approximately 450+ employees, permanent full and part time, and the payroll is paid the bi-weekly. Schertz uses a 3rd party payroll company who takes a wire transfer to fund payroll and distributes payments on behalf of the City.