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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: TR174

Long Title: EFT and Controlled Disbursement

Vendor Name: WELLS FARGO BANKS

Total Contract Amount: $0.00

Total Budgetary Amount: $9,935,071.46

Total Payment To Date: $3,250,054.83

Date of Execution: 02/19/2013

General Description: This Contract is with a financial institution to provide banking services related to the State of Florida's Electronic Funds Transfer (EFT), warrant disbursements, and their settlement.

Main Information

Agency Contract ID: TR174

FLAIR Contract ID: D0716

Short Title: EFT & Disb

Long Title: EFT and Controlled Disbursement

Contract Type: Standard Two Party Agreement by Statute

Contract Status: Closed or Expired

Date of Execution: 02/19/2013

Date of Beginning: 02/19/2013

Original End Date: 02/18/2016

New Ending Date: 08/18/2019

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 Negotiate [s. 287.057(1)(c), F.S.]

State Term Contract ID:

Contract’s Exemption Justification:

Agency Reference Number: DFS TR ITN 11/12-12

Business Case Study Done: No

Legal Challenges to Procurement: No

Outsourcing / Capital Improvements

Was the Contracted Function Previously Performed by the State: Yes

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: $0.00

Total Contract Amount: $0.00

Total Recurring Budgetary Amount: $9,935,071.46

Total Non-Recurring Budgetary Amount: $0.00

Total Budgetary Amount: $9,935,071.46

Total Unfunded Amount: ($9,935,071.46)

As of Date: 7/11/2016

Recurring Budgetary Amount Account Code Fiscal Year Effective Date FY Cost Accumulator Agency Amendment Reference
$325,653.00 43-10-1-000122-43200100-00-100777-00 07/01/2018 2018-2019
$160,396.26 43-20-2-725001-43100300-00-100777-00 07/01/2018 2018-2019
$558,262.29 43-10-1-000122-43200100-00-100777-00 07/01/2017 2017-2018
$558,262.29 43-10-1-000122-43200100-00-100777-00 07/01/2017 2017-2018
$274,965.01 43-20-2-725001-43100300-00-100777-00 07/01/2017 2017-2018
$80,000.00 43-20-2-021201-43200100-00-010000-00 07/01/2016 2016-2017
$280,000.00 43-10-1-000122-43200100-00-010000-00 07/01/2016 2016-2017
$274,965.01 43-20-2-725001-43100300-00-100777-00 07/01/2016 2016-2017
$232,609.29 43-10-1-000122-43200100-00-100777-00 01/20/2016 2015-2016
$114,568.75 43-20-2-725001-43100300-00-100777-00 01/20/2016 2015-2016
$300,000.00 43-10-1-000122-43200100-00-100777-00 07/01/2015 2015-2016
$170,000.00 43-20-2-725001-43100300-00-100777-00 07/01/2015 2015-2016
$80,000.00 43-20-2-021201-43200100-00-100777-00 07/01/2014 2014-2015
$280,000.00 43-10-1-000122-43200100-00-100777-00 09/29/2014 2014-2015
$175,637.37 43-20-2-725001-43100300-00-100777-00 06/30/2014 2013-2014
$80,000.00 43-20-2-021201-43200100-00-100777-00 03/06/2014 2013-2014
$126,906.17 43-10-1-000122-43200100-00-100777-00 06/30/2013 2012-2013
$61,164.10 43-20-2-725001-43100300-00-100777-00 06/30/2013 2012-2013
$3,901,834.21 43-10-1-000122-43200100-00-100777-00 02/19/2013 2012-2013
$1,899,847.71 43-20-2-725001-43100300-00-100777-00 04/01/2013 2012-2013


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 $0.00 E1 Extension 02/19/2019 12/19/2018 08/18/2018
Renewal $0.00 R1 Renewal 02/19/2016 01/20/2016 02/18/2019

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 Project Plan for file interface Fixed Fee / Unit Rate
     
BANKING, FINANCIAL SERVICES Solution Architecture and Design Fixed Fee / Unit Rate
     
BANKING, FINANCIAL SERVICES Production Implementation Guide Fixed Fee / Unit Rate
     
BANKING, FINANCIAL SERVICES Test Plan for Services Fixed Fee / Unit Rate
     
BANKING, FINANCIAL SERVICES Go-Live Fixed Fee / Unit Rate
     
BANKING, FINANCIAL SERVICES Pay State Warrants Fixed Fee / Unit Rate
     
BANKING, FINANCIAL SERVICES Warrant Forgery Processing Fixed Fee / Unit Rate
     
BANKING, FINANCIAL SERVICES Warrant Image Fixed Fee / Unit Rate
     
BANKING, FINANCIAL SERVICES Compact Disk of Images Fixed Fee / Unit Rate
     
BANKING, FINANCIAL SERVICES Wire received Fixed Fee / Unit Rate
     
BANKING, FINANCIAL SERVICES Wire originated Fixed Fee / Unit Rate
     
BANKING, FINANCIAL SERVICES ACH item originated Fixed Fee / Unit Rate
     
BANKING, FINANCIAL SERVICES ACH item addenda Fixed Fee / Unit Rate
     
BANKING, FINANCIAL SERVICES ACH item returned Fixed Fee / Unit Rate
     
BANKING, FINANCIAL SERVICES Notice of Change and Consolidated Returns file Fixed Fee / Unit Rate
     
BANKING, FINANCIAL SERVICES Deposit items Fixed Fee / Unit Rate
     
BANKING, FINANCIAL SERVICES Non- encoded deposit items Fixed Fee / Unit Rate
     
BANKING, FINANCIAL SERVICES Checks Paid Fixed Fee / Unit Rate
     
BANKING, FINANCIAL SERVICES Maintain Accounts Fixed Fee / Unit Rate
     
BANKING, FINANCIAL SERVICES Proprietary access (monthly) Fixed Fee / Unit Rate
     
BANKING, FINANCIAL SERVICES Exit Transition: Warrant Processing Fixed Fee / Unit Rate
     
BANKING, FINANCIAL SERVICES Optional Services: Provide project plan for warrant printing services Fixed Fee / Unit Rate
     
BANKING, FINANCIAL SERVICES Optional Services: Print and distribute State Warrants Fixed Fee / Unit Rate
     
BANKING, FINANCIAL SERVICES Notification of System Changes Fixed Fee / Unit Rate
     
BANKING, FINANCIAL SERVICES System Interface files Fixed Fee / Unit Rate
 Displaying 1 to 25 of 27     1 2 Next  Last


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
     
2019-2020 $67,934.52
     
2018-2019 $493,028.41
     
2017-2018 $520,439.69
     
2016-2017 $487,404.43
     
2015-2016 $496,688.21
     
2014-2015 $436,974.07
     
2013-2014 $550,403.77
     
2012-2013 $197,181.73

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 - D0716 02/19/2013 12/1/2014 11:56:12 AM
Extension E1 12/19/2018 1/4/2019 2:54:38 PM
Renewal R1 01/20/2016 2/8/2016 11:44:30 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.
Audit Type Review Date Fiscal Year View
Contract Review 05/31/2013 2012-2013 View
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