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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: TR216

Long Title: Banking Svcs to agencies with approved revovling accounts

Vendor Name: WELLS FARGO BANKS

Total Contract Amount: $975,000.00

Total Budgetary Amount: $975,000.00

Total Payment To Date: $673,381.28

Date of Execution: 06/15/2018

General Description: Consolidated revolving account banking services procured via solicitation DFS TR RFP 1718-01.

Main Information

Agency Contract ID: TR216

FLAIR Contract ID: D1265

Short Title: CRA Bank

Long Title: Banking Svcs to agencies with approved revovling accounts

Contract Type: Standard Two Party Agreement by Statute

Contract Status: Renewed

Date of Execution: 06/15/2018

Date of Beginning: 06/23/2018

Original End Date: 06/22/2023

New Ending Date: 06/22/2028

Agency Service Area: TR

Statutory Authority: S. 17.58, 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 Request For Proposals [s. 287.057(1)(b), F.S.]

State Term Contract ID:

Contract’s Exemption Justification:

Agency Reference Number: DFS TR RFP 1718-01

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: $150,000.00

Total Contract Amount: $975,000.00

Total Recurring Budgetary Amount: $495,000.00

Total Non-Recurring Budgetary Amount: $480,000.00

Total Budgetary Amount: $975,000.00

Total Unfunded Amount: $0.00

As of Date: 1/23/2024

Recurring Budgetary Amount Account Code Fiscal Year Effective Date FY Cost Accumulator Agency Amendment Reference
$120,000.00 43-20-2-725001-43100300-00-100777-00 07/01/2022 2022-2023 R1A2
$225,000.00 43-20-2-725001-43100300-00-100777-00 04/01/2021 2020-2021 A1
$150,000.00 43-20-2-725001-43100300-00-100777-00 07/01/2018 2018-2019


Non-Recurring Budgetary Amount Account Code Fiscal Year Effective Date FY Cost Accumulator Agency Amendment Reference
$480,000.00 43-20-2-725001-43100300-00-100777-00 07/01/2023 2023-2024 R2A3

Contract Change

Change Type Amendment Amount Agency Amendment Reference Change Description Amendment Effective Date Amendment Execution Date New Ending Date
Amendment $0.00 A4 Amendment to replace Attachment 3, Price Response 04/21/2025 04/21/2025
Renewal $480,000.00 R2A3 Amendment / Renewal 06/23/2024 01/23/2024 06/22/2028
Amendment $120,000.00 R1A2 Amendment / Renewal 06/13/2023 06/13/2023 06/22/2024
Amendment $225,000.00 A1 Amendment 04/01/2021 04/01/2021

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 Daily Banking Services for Consolidated Revolving Accounts as described in subsections 1.2,1.5,1.6,1... Fixed Fee / Unit Rate
 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
     
 2025-2026 $102,414.82
     
 2024-2025 $107,460.19
     
 2023-2024 $115,432.53
     
 2022-2023 $121,098.00
     
 2021-2022 $112,054.43
     
 2020-2021 $46,822.44
     
 2019-2020 $30,802.00
     
 2018-2019 $37,296.87

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 - D1265 06/15/2018 7/25/2018 2:58:12 PM
Procurement Original Contract - D1265 7/25/2018 2:55:29 PM
Amendment A1 04/01/2021 4/15/2021 3:41:47 PM
Amendment A4 04/21/2025 4/24/2025 8:57:01 AM
Amendment R1A2 06/13/2023 6/13/2023 11:05:22 AM
Renewal R2A3 01/23/2024 1/23/2024 2:26:51 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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