Contract Information

Summary

Agency Name: DEPARTMENT OF FINANCIAL SERVICES	Agency Contract ID: AC096
Long Title: Consulting Services to Develop XBRL Taxonomies	Vendor Name: DINOCRATES GROUP LLC
Total Contract Amount: $158,106.80	Total Budgetary Amount: $158,106.80
Total Payment To Date: $158,106.80	Date of Execution: 09/04/2019
General Description: DFS is establishing this contract for the development of one or more XBRL taxonomies suitable for state, county, municipal, and special district financial filings and an implementation plan for the taxonomy/taxonomies. 1819-02 RFP AC.

Details
Deliverables
Payments
Documents
Audits

Main Information

Agency Contract ID: AC096

FLAIR Contract ID: D1398

Short Title: Taxonomies

Long Title: Consulting Services to Develop XBRL Taxonomies

Contract Type: Standard Two Party Agreement by Statute

Contract Status: Closed or Expired

Date of Execution: 09/04/2019

Date of Beginning: 09/04/2019

Original End Date: 12/31/2021

New Ending Date:

Agency Service Area: AC

Statutory Authority: 218.32, 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: NA

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: $319,402.00

Total Contract Amount: $158,106.80

Total Recurring Budgetary Amount: $0.00

Total Non-Recurring Budgetary Amount: $158,106.80

Total Budgetary Amount: $158,106.80

Total Unfunded Amount: $0.00

As of Date: 2/19/2020

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No Recurring Budgetary records found for this contract.

Non-Recurring Budgetary Amount	Account Code	Fiscal Year Effective Date	FY	Cost Accumulator	Agency Amendment Reference
$0.00	43-10-1-000122-43010300-00-100777-00	02/19/2020	2019-2020
$158,106.80	43-10-2-393001-43010300-00-100777-00	07/01/2019	2019-2020		A1

Contract Change

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Change Type	Amendment Amount	Agency Amendment Reference	Change Description	Amendment Effective Date	Amendment Execution Date	New Ending Date
Amendment	($161,295.20)	A1	Reduction	02/11/2020	02/11/2020

Vendor

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Name Line 1	Name Line 2	City State Zip	Minority Vendor Designation
DINOCRATES GROUP LLC		ROCKVILLE MD 208500000	Non-Minority

CFDA

No CFDA Codes found for the contract.

CSFA

No CSFA Codes found for the contract.

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Deliverable Number

Commodity/Service Type

Major Deliverable

Method of Payment

01.

Accounting services

Facilitate a kickoff meeting with the Department and a proposed work plan to the Department.

Fixed Price - Lump Sum

Major Deliverable: Facilitate a kickoff meeting with the Department and a proposed work plan to the Department.

Deliverable Price: $26,138.00

Non Price Justification:

Performance Metrics: "1) The Contractor shall facilitate the kickoff meeting within three (3) Business Days of the commencement of the Contract.2) The Contractor shall submit the proposed work plan to the Department within five (5) Business Days of the kickoff meeting. 3) The Contractor shall submit a revised proposed work plan to the Department as required by Task 3 of this Deliverable within five (5) Business Days of the Department’s request. 4) The Contractor shall submit the proposed Schedule to the Department within ten (10) Business Days of the kickoff meeting.

Financial Consequences: The Department will reduce the invoice amount due to the Contractor by $500 for each Business Day beyond five (5) Business Days from the identified due date that the kickoff meeting, proposed work plan, revised work plan, or proposed Schedule are late.

Source Documentation Page Reference: page 4 of SOW

Deliverable Number: 01.

02.

Accounting services

"1) The Contractor shall develop a taxonomy/ies that fulfills the financial statement reporting r...

Fixed Price - Lump Sum

Major Deliverable: "1) The Contractor shall develop a taxonomy/ies that fulfills the financial statement reporting requirements of the LGEs. The taxonomy/ies must also, at a minimum: (a) Contain data elements for presentation of the following:(i) Statements of Fund Balance. (ii) Statements of Net Position. (iii) Statements of Revenues, Expenditures, and Changes in Fund Balance. (iv) Statements of Revenues, Expenses, and Changes in Net Position. (v) Capital Assets. (vi) Long-term Liabilities. (b) Allow for UAS Manual codes to be rolled up into financial statements, where applicable. (c) Be GASB compliant and conform to all relevant requirements of Florida Statutes, Florida Administrative Code, current LGE reporting requirements, and Department policies and procedures. 2) The taxonomy/ies shall be sufficient to meet the reporting requirements of each type of governmental entity in the State. 3) The taxonomy/ies shall be designed for rapid scalability and flexibility, such that the taxonomy/ies can be built upon with ease. 4) The Contractor will consult with the Department to determine the specifications for the initial taxonomy/ies and review all reports currently submitted to various stakeholders and entities by the local governments to ensure inclusion of the most appropriate number and type of data elements. 5) In preparation of the taxonomy/ies, the Contractor shall, at a minimum, consult Attachment G, Chart of Accounts Final Report. 6) If the Department requests revisions to the Contractor’s taxonomy/ies, the Contractor must submit a revised taxonomy/ies based on the Department’s input to the Department for approval.

Deliverable Price: $131,968.80

Non Price Justification:

Performance Metrics: 1) The Contractor shall submit a taxonomy/ies meeting the Department’s criteria (see Tasks 1-5 of this Deliverable) within 130 Business Days of written authorization to begin deliverable. 2) The Contractor will submit the revised taxonomy/ies to the Department as required by Task 6 of this Deliverable within ten (10) Business Days of the Department’s request.

Financial Consequences: The Department will reduce the invoice amount due to the Contractor by $1,000 for each Business Day beyond five (5) Business Days from the identified due date that the taxonomy/ies or revised taxonomy/ies is late.

Source Documentation Page Reference: page 4 of SOW

Deliverable Number: 02.

Displaying 1 to 2 of 2

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

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"Date" in the listing below indicates the date the payment voucher was recorded in the system, not the date the payment was issued.

Fiscal Year

Total Amount

2020-2021

$131,968.80

2019-2020

$26,138.00

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

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Document Type	Document Reference #	Executed Date	Document Add Date
Original Contract	Original Contract - D1398	09/04/2019	9/9/2019 2:20:15 PM
Procurement	Original Contract - D1398		9/9/2019 2:19:43 PM
Amendment	A1	02/11/2020	2/17/2020 2:13:28 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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Florida Department of Financial Services: F.A.C.T.S