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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: TR221

Long Title: EFT and Controlled Disbursement

Vendor Name: JPMORGAN CHASE BANK

Total Contract Amount: $3,465,611.50

Total Budgetary Amount: $3,594,411.50

Total Payment To Date: $1,218,441.95

Date of Execution: 04/10/2019

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. This Contract also provides optional services related to warrant printing and account validations. R1A3 executed 11/02/2023 to renew through 04/09/2029 and to amend the Terms and Conditions.

Main Information

Agency Contract ID: TR221

FLAIR Contract ID: D1357

Short Title: EFT & Disb

Long Title: EFT and Controlled Disbursement

Contract Type: Standard Two Party Agreement by Statute

Contract Status: Active

Date of Execution: 04/10/2019

Date of Beginning: 04/10/2019

Original End Date: 04/09/2024

New Ending Date: 04/09/2029

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: 1718-13 ITN TR

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: $1,732,805.75

Total Contract Amount: $3,465,611.50

Total Recurring Budgetary Amount: $3,594,411.50

Total Non-Recurring Budgetary Amount: $0.00

Total Budgetary Amount: $3,594,411.50

Total Unfunded Amount: ($128,800.00)

As of Date: 11/8/2023

Recurring Budgetary Amount Account Code Fiscal Year Effective Date FY Cost Accumulator Agency Amendment Reference
$0.00 43-20-2-021201-43200100-00-100777-00 07/01/2023 2023-2024 R1A3
$1,732,805.75 43-20-2-725001-43100300-00-700777-00 07/01/2023 2023-2024 R1A3
$128,800.00 43-20-2-725001-43100300-00-100777-00 07/01/2020 2020-2021
$0.00 43-20-2-021201-43200100-00-100777-00 07/01/2019 2019-2020
$1,732,805.75 43-20-2-725001-43100300-00-100777-00 05/13/2019 2018-2019
$0.00 43-10-1-000122-43200100-00-100777-00 05/13/2019 2018-2019


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
Renewal $1,732,805.75 R1A3 Renewal 1 Amendment 3 04/10/2024 11/02/2023 04/09/2029
Amendment $0.00 A2 Amendment 11/05/2020 11/05/2020
Amendment $0.00 A1 Amendment 08/06/2019 08/06/2019

Vendor

Name Line 1Name Line 2City State ZipMinority Vendor Designation
JPMORGAN CHASE BANK J.P. MORGAN TAMPA FL 336020000 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 institutions Please see Attachment 3, Completed Price Response, which was updated via Amendment 2 to the Contract... 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 $155,721.28
     
 2024-2025 $199,882.91
     
 2023-2024 $213,789.44
     
 2022-2023 $286,260.78
     
 2021-2022 $204,384.26
     
 2020-2021 $158,403.28

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 - D1357 04/10/2019 5/14/2019 1:55:53 PM
Procurement Original Contract - D1357 5/14/2019 3:21:25 PM
Amendment A1 08/06/2019 11/13/2020 4:52:53 PM
Amendment A2 11/05/2020 11/13/2020 4:56:17 PM
Renewal R1A3 11/02/2023 11/6/2023 3:01:22 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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