Medicare Financial Management Manual (Pub. 100-06), Ch. 5 § 110.2
Bank Account Analysis
110.2 - Bank Account Analysis
(Rev. 158, Issued: 09-25-09, Effective: 10-26-09, Implementation: 10-26-09)
To ensure a continuing evaluation of all bank services and associated charges, the
contractor shall adhere to the following procedures:
•
Arrange to receive from the bank its account analysis on a regular monthly basis
no later than the 10th of the following month. Bank analysis must include:
o Bank Processing Charges (Schedule of Itemized Bank Services Provided
Report); and
o A list of daily closing bank balances (Recap of Daily Available Balances).
•
The contractor shall verify the accuracy of the data presented for the average daily
bank balance, units of service, and all other computations on the bank's account
analysis.
•
The contractor shall complete and forward, within 15 calendar days after the end
of each month to CMS electronically (Excel; Banking2009@cms.hhs.gov;), the
following schedules:
o Monthly account activity of bank processing charges (Schedule of
Itemized Bank Services Provided Report); and
o Recap of Daily Available Balances (Recap of Daily Available Balances).