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Banking Health Assessment

Don't get caught off-guard:

Public agencies rely on their banking relationships for much more than processing deposits and payments. Those relationships play an important role in safeguarding public funds, maintaining liquidity, controlling banking costs, maximizing available resources, and protecting the organization against increasingly sophisticated payment fraud.

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Edgewood Solutions is offering an independent Banking Health Assessment to help public agencies evaluate whether their current banking structure, services, pricing, cash-management practices, and fraud-prevention controls are aligned with the organization’s needs and current best practices.

A Banking Health Assessment can include a review of:

  • Bank accounts, account structure, authorized users, signers, and banking services

  • Protection of public deposits, including FDIC coverage and applicable collateralization practices

  • Bank fees, earnings credits, interest rates, balances, and opportunities to improve returns or reduce costs

  • Cash-management, collection, disbursement, ACH, wire, check, and electronic-payment practices

  • Online banking access, user permissions, approval authorities, transaction limits, and alerts

  • Fraud safeguards such as Positive Pay, payee verification, ACH debit blocks/filters, dual authorization, and multifactor authentication

  • Bank reconciliation, exception-review, and fraud-response procedures

  • Opportunities to consolidate or improve services and determine whether current banking arrangements remain competitive

With more than 40 years of public-sector operational, financial, legislative, and administrative experience, Edgewood Solutions understands the unique financial and operational challenges facing public sector organizations.

Our objective is straightforward: give decision makers clear financial information, realistic forecasts, and practical recommendations that allow them to act proactively rather than react to a fiscal problem later.



We believe that improvement and problem solving should never be finished. Our ultimate goal is to provide sustainable improvements to your organization immediately, while giving you the tools to adapt and succeed for years to come.

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