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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: TR223

Long Title: Wells Fargo Bank

Vendor Name: WELLS FARGO BANK, N.A.

Total Contract Amount: $408,000.00

Total Budgetary Amount: $574,399.07

Total Payment To Date: $574,399.07

Date of Execution: 06/24/2019

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.

Main Information

Agency Contract ID: TR223

FLAIR Contract ID: D1366

Short Title: Wells

Long Title: Wells Fargo Bank

Contract Type: Standard Two Party Agreement by Statute

Contract Status: Closed or Expired

Date of Execution: 06/24/2019

Date of Beginning: 08/19/2019

Original End Date: 07/04/2021

New Ending Date:

Agency Service Area: TR

Statutory Authority: 17.52 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: Single source over Category Two [s. 287.057(3)(c), F.S] & [Rule 60A-1.045, F.A.C.]

State Term Contract ID:

Contract’s Exemption Justification: This contract is being procured pursuant to single source posting No. 1819-09 SS TR.

Agency Reference Number: 1819-09 SS 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: $408,000.00

Total Contract Amount: $408,000.00

Total Recurring Budgetary Amount: $0.00

Total Non-Recurring Budgetary Amount: $574,399.07

Total Budgetary Amount: $574,399.07

Total Unfunded Amount: ($166,399.07)

As of Date: 4/20/2022

No Recurring Budgetary records found for this contract.

Non-Recurring Budgetary Amount Account Code Fiscal Year Effective Date FY Cost Accumulator Agency Amendment Reference
$30.49 43-20-2-021201-43200100-00-100777-00 07/01/2020 2020-2021
$21,893.60 43-20-2-725001-43100300-00-040000-00 08/12/2020 2020-2021
$425,257.33 43-10-1-000122-43200100-00-100777-00 10/09/2019 2019-2020
$127,217.65 43-20-2-725001-43100300-00-100777-00 07/01/2019 2019-2020

Contract Change

Change Type Amendment Amount Agency Amendment Reference Change Description Amendment Effective Date Amendment Execution Date New Ending Date
Amendment $0.00 A1 Adds Section 9. 05/05/2020 05/05/2020

Vendor

Name Line 1Name Line 2City State ZipMinority Vendor Designation
WELLS FARGO BANK, N.A. JACKSONVILLE FL 322020000 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
     
Government or central bank services Project Plan for file interface Fixed Fee / Unit Rate
     
Government or central bank services Solution Architecture and Design Fixed Fee / Unit Rate
     
Government or central bank services Production Implementation Guide Fixed Fee / Unit Rate
     
Government or central bank services Test Plan for Services Fixed Fee / Unit Rate
     
Government or central bank services Go-Live Fixed Fee / Unit Rate
     
Government or central bank services Warrant Forgery Processing Fixed Fee / Unit Rate
     
Government or central bank services ACH item originated .026 per ACH Fixed Fee / Unit Rate
     
Government or central bank services ACH item addenda .026 per addenda Fixed Fee / Unit Rate
     
Government or central bank services ACH item returned .50 per ACH return Fixed Fee / Unit Rate
     
Government or central bank services Notice of Change and Consolidated Returns file .05 per file Fixed Fee / Unit Rate
     
Government or central bank services Deposit items .035 per deposit Fixed Fee / Unit Rate
     
Government or central bank services Non- encoded deposit items .035 per deposit Fixed Fee / Unit Rate
     
Government or central bank services Checks Paid .07 per check Fixed Fee / Unit Rate
     
Government or central bank services Maintain Accounts 5.00 per account Fixed Fee / Unit Rate
     
Government or central bank services Proprietary access 25.00 monthly per account Fixed Fee / Unit Rate
     
Government or central bank services Exit Transition: Warrant Processing 100.00 hourly rate Fixed Fee / Unit Rate
     
Government or central bank services Pay State Warrants .07/Unit. Fixed Fee / Unit Rate
     
Government or central bank services Positive Pay Services per Warrant. .01 per warrant Fixed Fee / Unit Rate
     
Government or central bank services Warrant Image .01 per warrant Fixed Fee / Unit Rate
     
Government or central bank services Compact Disk of Images. 5.00 per disk Fixed Fee / Unit Rate
     
Government or central bank services Wire received 2.50 per wire Fixed Fee / Unit Rate
     
Government or central bank services Wire originated 4.00 per wire Fixed Fee / Unit Rate
 Displaying 1 to 22 of 22    


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
     
2020-2021 $21,924.09
     
2019-2020 $552,474.98

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 - D1366 06/24/2019 8/19/2019 10:40:50 AM
Procurement Original Contract - D1366 8/19/2019 10:38:22 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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