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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: TR177

Long Title: S&P Rating Services McGraw Hill Financial

Vendor Name: THE MCGRAW-HILL COMPANIES INC

Total Contract Amount: $60,000.00

Total Budgetary Amount: $60,000.00

Total Payment To Date: $60,000.00

Date of Execution: 11/25/2013

General Description: S&P will provide a fund rating for the Treasury Investment Pool. These investments may be in varying maturities and may be in book-entry form. Investments made pursuant to this subsection may be under repurchase agreement or reverse repurchase agreement. The Chief Financial Officer may hire registered investment advisers and other consultants to assist in investment management and to pay fees directly from investment earnings. Investment securities, proprietary investment services related to contracts, performance evaluation services, investment-related equipment or software used directly to assist investment trading or investment accounting operations including bond calculators, telerates, Bloombergs, special program calculators, intercom systems, and software used in accounting, communications, and trading, and advisory and consulting contracts made under this section are exempt from the provisions of chapter 287.

Main Information

Agency Contract ID: TR177

FLAIR Contract ID: D0814

Short Title: S&P Rating

Long Title: S&P Rating Services McGraw Hill Financial

Contract Type: Standard Two Party Agreement by Statute

Contract Status: Closed or Expired

Date of Execution: 11/25/2013

Date of Beginning: 12/01/2013

Original End Date: 11/30/2016

New Ending Date: 09/09/2099

Agency Service Area: TR

Statutory Authority: 17.57, F.S.

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: Yes

Method of Procurement: DFS Exemption, Investment Related Services [Section 17.57(2). F.S.]

State Term Contract ID:

Contract’s Exemption Justification: This investment rating service is exempt from Chapter 287, F.S. per 17.57(2), F.S.

Agency Reference Number:

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: $60,000.00

Total Contract Amount: $60,000.00

Total Recurring Budgetary Amount: $60,000.00

Total Non-Recurring Budgetary Amount: $0.00

Total Budgetary Amount: $60,000.00

Total Unfunded Amount: $0.00

As of Date: 12/16/2013

Recurring Budgetary Amount Account Code Fiscal Year Effective Date FY Cost Accumulator Agency Amendment Reference
$20,000.00 43-20-2-725001-43100300-00-100777-00 12/01/2015 2015-2016
$20,000.00 43-20-2-725001-43100300-00-100777-00 12/01/2014 2014-2015
$20,000.00 43-20-2-725001-43100300-00-100777-00 12/01/2013 2013-2014


No Non-Recurring Budgetary records found for this contract.

Contract Change

No Contract Changes found for the contract.

Vendor

Name Line 1Name Line 2City State ZipMinority Vendor Designation
THE MCGRAW-HILL COMPANIES INC MCGRAW-HILL D/B/A STANDARD AND NEW YORK NY 100410000 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
     
1 DATA TRANSMISSION SERVICES Provide rating for the Treasury Investment Pool Fixed Price - Lump Sum
 Displaying 1 to 1 of 1    


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
     
2015-2016 $20,000.00
     
2014-2015 $20,000.00
     
2013-2014 $20,000.00

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 - D0814 11/25/2013 12/16/2013 4:18:12 PM


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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