Any authorized service charge or fee imposed by a public depository must be considered in the computation of the interest rate for determining which depositories are entitled to investments as prescribed by § 33.19(J) and (K) above. If the total service charge cannot be computed before the investment, the Clerk-Treasurer shall estimate the service charge and adjust the interest rate based on this estimate. The service charge may be paid by direct charge to the deposit or other account or in any other manner mutually agreed upon by the Clerk-Treasurer and the depository.
(Ord. 2009-4, passed 4-14-2009)