Government Contract | Iowa
Banking Services

Bid Information

Bid Alert No: 00000549499

Bid Title: Banking Services

Agency Bid No. Title: RFP7450

Received Date: 04/20/2016

Close Date: 05/16/2016

Purchase Type: Not Stated

Delivery Point: Des Moines, Iowa

Delivery Date: Not Stated

Special Notices: Questions Due By 04/29/2016 05:00 PM, Pre-Bid Conference Mandatory 05/06/2016 03:00 PM


Specifications include, but are not limited to: While the exact range and extent of services to be provided will be subject to contract negotiation, the District anticipates that the selected financial institution shall provide, as a minimum professional services and dedicated personnel necessary to perform the following services. The proposal shall describe in detail how the proposer intends to accomplish each of the services required below: B.Main Accounts: The District currently utilizes one primary financial institution for banking services, with three different accounts. Each account represents a function in the accounting system. The aggregate average ledger balance as of December 31, 2015, was $25,150,000. The maximum depository limit established is $200,000,000.On a monthly basis, approximately 4000 vendor and payroll checks are processed, averaging $15M monthly. An additional 30 payments totaling $1,700,000 are made via ACH to regulatory state and federal agencies. The District has two separate payroll processes for the different employee groups: (1) the biweekly payroll processes about 1100 employee direct deposit payments totaling $1,850,000 per month, and (2) a semi-monthly payroll for an additional 4400 employee direct payments total $12,500,000 per month.The District is also interested in sweeping accounts for certain transaction types including but not limited to payroll and food service.

Bid Related Documents

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Product Code: 94625

Agency Information

Issuing Agency: Des Moines Public Schools

State: Iowa

Agency Type: State and Local

Contact: Mark Mattiussi, Division of Purchasing Division of Purchasing, 1915 Prospect Road, Suite 1200, Des Moines, Iowa, 50310

Phone: 515-242-7751

Fax: 515-242-7550




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