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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: TR201

Long Title: Treasury Concentration Account

Vendor Name: WELLS FARGO BANKS

Total Contract Amount: $0.00

Total Budgetary Amount: $5,100,000.00

Total Payment To Date: $4,954,027.13

Date of Execution: 03/22/2016

General Description: Treasury Concentration Account Banking Services

Main Information

Agency Contract ID: TR201

FLAIR Contract ID: D1034

Short Title: WF

Long Title: Treasury Concentration Account

Contract Type: Standard Two Party Agreement by Statute

Contract Status: Active

Date of Execution: 03/22/2016

Date of Beginning: 03/22/2016

Original End Date: 03/21/2021

New Ending Date: 03/21/2026

Agency Service Area: TR

Statutory Authority: S. 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: 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:

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: $0.00

Total Contract Amount: $0.00

Total Recurring Budgetary Amount: $5,100,000.00

Total Non-Recurring Budgetary Amount: $0.00

Total Budgetary Amount: $5,100,000.00

Total Unfunded Amount: ($5,100,000.00)

As of Date: 1/21/2022

Recurring Budgetary Amount Account Code Fiscal Year Effective Date FY Cost Accumulator Agency Amendment Reference
$850,000.00 43-20-2-725001-43100300-00-100777-00 07/01/2021 2021-2022
$850,000.00 43-20-2-725001-43100300-00-100777-00 07/01/2020 2020-2021
$850,000.00 43-20-2-725001-43100300-00-100777-00 07/01/2019 2019-2020
$850,000.00 43-20-2-725001-43100300-00-100777-00 07/01/2018 2018-2019
$850,000.00 43-20-2-725001-43100300-00-100777-00 07/01/2017 2017-2018
$850,000.00 43-20-2-725001-43100300-00-100777-00 07/01/2016 2016-2017


Non-Recurring Budgetary Amount Account Code Fiscal Year Effective Date FY Cost Accumulator Agency Amendment Reference
$0.00 04/14/2016 2015-2016

Contract Change

Change Type Amendment Amount Agency Amendment Reference Change Description Amendment Effective Date Amendment Execution Date New Ending Date
Amendment $0.00 A5 Update to Attachment A, Price Sheet, Addendum A, and Add. B 04/03/2023 04/03/2023
Renewal $0.00 R2A4 Renewal 2 and Amendment 4 01/18/2022 01/18/2022 03/21/2026
Amendment $0.00 A3 Update Attachment A, Cost Price Response 05/21/2021 05/21/2021
Renewal $0.00 R1A2 Renewal/Amendment 02/23/2021 02/23/2021 03/21/2022
Amendment $0.00 A1 Attachment A, Cost Price Response, is amended. 01/11/2017 01/11/2017

Vendor

Name Line 1Name Line 2City State ZipMinority Vendor Designation
WELLS FARGO BANKS MINNEAPOLIS MN 554850000 African-American, Non Certified

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 institutions The Contractor shall provide a statewide master concentration account with approximately six hundred... Fixed Fee / Unit Rate
     
 Banking institutions The Contractor shall provide the Department uninterrupted web-based access to account transactions a... Fixed Fee / Unit Rate
     
 Banking institutions The Contractor shall provide key personnel assigned to the Department with responsibilities of suppo... Fixed Fee / Unit Rate
     
 Banking institutions The Contractor shall provide the depository Service requirements as described in Section 1.5 of the ... Fixed Fee / Unit Rate
     
 Banking institutions The Contractor shall provide an account analysis statement on a monthly basis detailing account bala... Fixed Fee / Unit Rate
     
 Banking institutions The Contractor shall provide an implementation schedule for start-up and conversion of the Departmen... Fixed Fee / Unit Rate
     
 Banking institutions The Contractor shall provide change management procedures, system test environments, and dedicated r... Fixed Fee / Unit Rate
     
 Banking institutions The Contractor shall perform requirements related to the prevention, detection, and resolution of AC... Fixed Fee / Unit Rate
     
 Banking institutions The Contractor’s Disaster Recovery Plan shall include procedures for disaster notification, maintain... Fixed Fee / Unit Rate
 Displaying 1 to 9 of 9    


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
     
 2023-2024 $170,929.12
     
 2022-2023 $490,510.94
     
 2021-2022 $879,614.59
     
 2020-2021 $693,635.09
     
 2019-2020 $674,516.61
     
 2018-2019 $654,049.39
     
 2017-2018 $746,000.00
     
 2016-2017 $644,771.39

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 - D1034 03/22/2016 2/21/2017 1:47:50 PM
Procurement Original Contract - D1034 4/25/2016 1:01:47 PM
Amendment A1 01/11/2017 2/21/2017 12:55:06 PM
Amendment A3 05/21/2021 5/25/2021 3:21:28 PM
Amendment A5 04/03/2023 4/10/2023 10:08:25 AM
Renewal R1A2 02/23/2021 3/4/2021 12:36:36 PM
Renewal R2A4 01/18/2022 1/21/2022 11:40:20 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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