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State Contract Reporting System

Florida Department of Financial Services: F.A.C.T.S

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Contract Information

 

Summary

Agency Name: DEPARTMENT OF FINANCIAL SERVICES

Agency Contract ID: TR115

Long Title: Treasury Disbursement Paying Account

Vendor Name: WELLS FARGO BANKS

Total Contract Amount: $5,870,000.00

Total Budgetary Amount: $5,870,000.00

Total Payment To Date: $302,886.14

Date of Execution: 09/29/2006

General Description: Provides EFT and Warrant paying services for the State.

Main Information

Agency Contract ID: TR115

FLAIR Contract ID: D0110

Short Title: DPA

Long Title: Treasury Disbursement Paying Account

Contract Type: Standard Two Party Agreement by Statute

Contract Status: Closed or Expired

Date of Execution: 09/29/2006

Date of Beginning: 10/01/2006

Original End Date: 09/30/2010

New Ending Date: 03/31/2013

Agency Service Area: TR

Statutory Authority: 17.52

Contract Involves State or Federal Financial Assistance: No

Recipient Type:

Provide for Administrative Cost: No

Provide for Periodic Increase: No

Procurement Information

Authorized Advanced Payment: No

Method of Procurement: Agency Invitation To Bid [s. 287.057(1)(a), F.S.]

State Term Contract ID:

Contract’s Exemption Justification:

Agency Reference Number: DFS ITB 05/06-34

Business Case Study Done: No

Legal Challenges to Procurement: No

Outsourcing / Capital Improvements

Was the Contracted Function Previously Performed by the State: No

Was the Contracted Function Considered for Insourcing back to the State: No

Did the Vendor Make Capital Improvements on State Property: No

Budget Information

Original Contract Amount: $3,800,000.00

Total Contract Amount: $5,870,000.00

Total Recurring Budgetary Amount: $5,870,000.00

Total Non-Recurring Budgetary Amount: $0.00

Total Budgetary Amount: $5,870,000.00

Total Unfunded Amount: $0.00

As of Date: 4/3/2013

Recurring Budgetary Amount Account Code Fiscal Year Effective Date FY Cost Accumulator Agency Amendment Reference
$320,000.00 43-10-1-000122-43200100-00-100777-00 07/01/2012 2012-2013 E1
$250,000.00 43-20-2-725001-43100300-00-100777-00 10/01/2012 2012-2013 E1
$1,500,000.00 43-20-2-725001-43100300-00-100777-00 10/01/2010 2010-2011 R1
$3,800,000.00 43-20-2-725001-43100300-00-100777-00 10/01/2006 2006-2007


No Non-Recurring Budgetary records found for this contract.

Contract Change

Change Type Amendment Amount Agency Amendment Reference Change Description Amendment Effective Date Amendment Execution Date New Ending Date
Extension $570,000.00 E1 Extension 10/01/2012 06/05/2012 03/31/2013
Renewal $1,500,000.00 R1 Renewal One 10/01/2010 09/20/2010 09/30/2012

Vendor

Name Line 1Name Line 2City State ZipMinority Vendor Designation
WELLS FARGO BANKS   MINNEAPOLIS MN 554850000 Non-Minority

CFDA

No CFDA Codes found for the contract.

CSFA

No CSFA Codes found for the contract.
More Deliverable Number      Commodity/Service Type Major Deliverable Method of Payment
     
 BANKING, FINANCIAL SERVICES Process checks paid. Fixed Fee / Unit Rate
     
 BANKING, FINANCIAL SERVICES Provide CD of all warrant images. Fixed Fee / Unit Rate
     
 BANKING, FINANCIAL SERVICES Provide warrant images. Fixed Fee / Unit Rate
     
 BANKING, FINANCIAL SERVICES Process Notice of Change and returned ACH items. Fixed Fee / Unit Rate
     
 BANKING, FINANCIAL SERVICES Furnish the origination of ACH items. Charge per item is .018. Fixed Fee / Unit Rate
     
 BANKING, FINANCIAL SERVICES Maintain the accounts held by Treasury. Fixed Fee / Unit Rate
     
 BANKING, FINANCIAL SERVICES Furnish the origination of wires. Fixed Fee / Unit Rate
     
 BANKING, FINANCIAL SERVICES Process received wires. Fixed Fee / Unit Rate
     
 BANKING, FINANCIAL SERVICES Process deposit items not encoded. Fixed Fee / Unit Rate
     
 BANKING, FINANCIAL SERVICES Provide the returned warrants by Treasury. Fixed Fee / Unit Rate
     
 BANKING, FINANCIAL SERVICES Provide the payment of Department issued warrants. Fixed Fee / Unit Rate
     
 BANKING, FINANCIAL SERVICES Provide warrant storage and destruction. Fixed Fee / Unit Rate
     
 BANKING, FINANCIAL SERVICES Positive pay services. Fixed Fee / Unit Rate
 Displaying 1 to 13 of 13    


Payments are also referred to as expenditures (creating or incurring a legal obligation to disburse money) or disbursements (the payment of expenditures). Payments include disbursements and accounting adjustments made on a contract. Payments are always positive amounts while accounting adjustments may be positive or negative depending on the type of adjustment.

Payment Details

"Date" in the listing below indicates the date the payment voucher was recorded in the system, not the date the payment was issued.
More Fiscal Year Total Amount
     
 2012-2013 $302,886.14

If a payment or adjustment to a contract was made before July 1, 2012, the information may not be posted in this system.

Contract Documents


Click on the pdf icon or Agency Document Link to view the document
Document Type Document Reference # Executed Date Document Add Date Agency Document Link View
Original Contract Original Contract - D0110 09/29/2006 2/25/2013 11:33:57 AM
Extension E1 06/05/2012 2/25/2013 11:58:50 AM
Renewal R1 09/20/2010 2/25/2013 11:58:32 AM


Audit results posted prior to June 30, 2012, appear in a summarized form. As of July 1, 2012, the audit reporting process was expanded to include additional questions and comments from the Bureau of Auditing. As audits are captured in electronic format, they will be posted to this system. If you are interested in seeing audit reports by Fiscal Year and Agency Action Plans, please click here to navigate to the Transparency Florida Contract Audit page.

  • No audits have been conducted on this contract at this time.
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