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4. BANKING AND REVENUE ACCOUNTABILITY Subagent is responsible for the collection, retention, and payment of all revenue generated through the performance of transactions under this Agreement. Subagent shall provide for such collection, retention and payment as follows: 4.1 Establishing an Account: If Subagent has already established its banking account which is currently in use and approved by Agent, then Subagent does not need to establish a new account. Otherwise, Subagent shall establish a noninterest -bearing checking account with a public depository bank or credit union that is authorized by the Washington State Treasurer's Office to accept public deposits and Automated Clearing House (ACH) electronic fund activities. The account shall be titled as the DOL Agency Account. Subagent shall complete and sign an ACH authorization form allowing fund transfers by the Agent, and by the DOL Chief Financial Officer (CFO). Subagent shall fill out a signature card, which must include the following data: • Bank or credit union name • Account number • Agent and Subagent name ■ Agent and Subagent signatures Subagent shall also reserve space on the signature card for Agent, and for DOL's CFO to add his/her name, title, and signature. Each signature card must authorize DOL, the Agent, and the Subagent to withdraw funds. Subagent shall keep each signature card and ACH authorization form current and available for review as requested. If Subagent wishes to change its account, it must get preapproval from Agent, and then follow all procedure herein before using that account. All above requirements are to be completed at least thirty (30) calendar days prior to the use of any account. Agent is responsible for ensuring that all bank accounts and ACH authorization remains as set forth above. It is also Agent's responsibility to make sure that all payments to, and withdrawals from the DOL Agency Account is in accordance with state law and Policy and Procedure. 4.2 Separation of Funds: Subagent shall use the DOL Agency Account, as established above (Section 4.1) only for the deposit, transfer, and withdrawal of revenue generated through the performance of transactions under this Agreement. If Subagent engages in additional business at its location, the retention and deposit of other moneys must be done separately. Subagent may not deposit funds received from non -DOL business into the DOL account. Subagent shall ensure all payments received for DOL licensing activities are kept in a dedicated cash drawer used only for licensing transactions. Subagent shall record, report, and track DOL account activities separate from non -DOL account activities. 4.3 Accepting Payment: Subagent shall only accept payments through tender per Policy and Procedure. County Agent/Subagent Contract: Page 21 of 28 County VLO #VO1905 Version: January 2020 Attachment A — Statement of Work