dn: dc=cty, dc=broward, dc=bc, ou=users, cn=karen … · 2018-06-13 · recommendation memorandum...

FINANCE AND ADMINISTRATIVE SERVICES DEPARTMENT PURCHASING DIVISION 115 S. Andrews Avenue, Room 212 • Fort Lauderdale, Florida 33301 • 954-357-6066 • FAX 954-357-8535

Broward County Board of County Commissioners

Mark D. Bogen • Beam Furr • Steve Geller • Dale V.C. Holness • Chip LaMarca • Nan H. Rich • Tim Ryan • Barbara Sharief • Michael Udine www.broward.org

DATE: June 1, 2018 TO: Evaluation Committee Members THRU: Brenda J. Billingsley, Director of Purchasing FROM: Isha Taylor-Salmon, Purchasing Agent SUBJECT: Recommendation Memorandum RFP No. TEC2116163P1, E-Payroll Debit Card Services Four (4) Submittals REFERENCE: (a) Procurement Code Subsection 21.83.d (b) Procurement Code Subsection 21.30.f.5 In accordance with reference (a), the Director of Purchasing reviews all submittals for responsiveness and recommends to the Evaluation Committee her findings, which the Evaluation Committee may accept or arrive at a different conclusion. Pursuant to Procurement Code Subsection 21.8.b.65, a responsive Bidder [proposer] means a person who has submitted a proposal which conforms in all material respects to a solicitation. The Request for Proposals (RFP) TEC2116163P1 included three (3) responsiveness requirements, including Lobbyist Registration Certification Form, acknowledgement of “must” addenda and the Domestic Partnership Certification Form. Living Wage Compliance Affidavit, etc.) All proposers are recommended to be evaluated as responsive to all responsiveness requirements. In accordance with reference (b), the Evaluation Committee determines proposers’ responsibility. Pursuant to Procurement Code Subsection 21.8.b.64, a responsible firm is one that has the capability in all respects to perform fully the contract requirements, and the integrity and reliability which will assure good faith performance. To assist the Evaluation Committee in this determination, information regarding Office of Economic and Small Business Development goals compliance, the “material” litigation history disclosure, financial information, State of Florida authority to conduct business, affiliated entities, proof of insurance pricing (fee schedule) responsibility requirements are provided. Three (3) proposers out of four (4) proposers are recommended to be compliant to all responsibility requirements. U.S. Bank, National Association d/b/a/ US Bank is non-compliant to the Authority to Conduct Business in Florida. This solicitation does not have a designated County Business Enterprise (CBE)/Disadvantaged Business Enterprise (DBE) goal. A draft of the Purchasing Director’s Recommendation Memorandum and the three (3) supporting memoranda from the Finance and Administrative Services Department (FASD), the County Attorney’s Office and the Risk Management Division were emailed to proposers with a request that, if the proposers desired to explain any deficiencies noted in their RFP response submittals, they should do so in writing. All written explanations received were subsequently reviewed by staff, as applicable.

Brenda J. BillingsleyOn behalf of

[email protected] signed by [email protected] DN: [email protected] Date: 2018.06.01 12:47:58 -04'00'

KAREN WALBRIDGE

Digitally signed by KAREN WALBRIDGE DN: dc=cty, dc=broward, dc=bc, ou=Organization, ou=BCC, ou=PU, ou=Users, cn=KAREN WALBRIDGE Date: 2018.06.01 13:11:25 -04'00'

Recommendation Memorandum RFP No. TEC2116163P1, E-Payroll Debit Card Services June 1, 2018 of 11

After careful review of the information provided and the solicitation’s requirements, the following recommendations are provided for consideration and final determination by the Evaluation Committee:

A. RESPONSIVENESS RECOMMENDATION Recommendations regarding the responsiveness of proposers to the requirements are based on the RFP criteria:

1. Lobbyist Registration - Certification A vendor who has retained a lobbyist(s) to lobby in connection with a competitive solicitation shall be deemed non-responsive unless the firm, in responding to the competitive solicitation, certifies that each lobbyist retained has timely filed the registration or amended registration required under Section 1-262, Broward County Code of Ordinances. A Lobbyist Registration Certification Form must be completed and returned upon request by the County if not included in the submittal. Name of Firm Recommendation of

Responsiveness Remarks

NetSpend, a TSYS Company Responsive Not retained

Unirush LLC d/b/a/ rapid! PayCard Responsive Not retained

U.S. Bank, National Association d/b/a/ US Bank

Responsive Not retained

Wells Fargo Bank, N.A. Responsive Not retained

2. “Must” Addenda Two (2) Addenda, of which Addendum No. 1, was issued as a “must” Addendum, which consisted of which consisted of updating the following forms: Domestic Partnership Act Certification Form, Litigation History Form, Agreement Exception Form, Local Preference - Tiebreaker Certification and Insurance Requirements. If a “must” addendum is issued, Vendor must follow instructions and submit required information, forms, or acknowledge addendum, as instructed therein.

Name of Firm Recommendation of


NetSpend, a TSYS Company Responsive Submitted

Unirush LLC d/b/a/ rapid! PayCard

Responsive Submitted


Responsive Submitted

Wells Fargo Bank, N.A. Responsive Submitted


3. Domestic Partnership Act The Broward County Domestic Partnership Act (Section 16½-157, Broward County Code of Ordinances) requires the vendor to certify that it currently complies or will comply with the Domestic Partnership Act requirements, by providing benefits to the employees’ domestic partners on the same basis as it provides benefits to employees’ spouses, for projects with an initial contract term is more than $100,000.

Name of Firm Recommendation of


NetSpend, a TSYS Company Responsive Complies

Unirush LLC d/b/a/ rapid! PayCard Responsive Complies


Responsive Complies

Wells Fargo Bank, N.A. Responsive Complies

B. RESPONSIBILITY INFORMATION

The information provided below is intended to inform the Evaluation Committee regarding each proposer’s responsibility. After careful review of the information provided and the solicitation’s requirements, the following information is provided for consideration and final determination by the Evaluation Committee:

1. Office of Economic and Small Business Development Program The Broward County Business Opportunity Act of 2012 and the Disadvantaged Business Enterprise Program Title 49 Code of Federal Regulations Part 26 establish the County’s policies for participation by Small Business Enterprises (SBE), County Business Enterprises (CBE), and Federal Disadvantaged Business Enterprises (DBE’s) in County contracts. This RFP does not have a designated CBE or DBE goal. In the absence of goals, the County strongly encourages the proposers to give to give full consideration to small business contractors to perform services under the contract. They are encouraged to present their small business opportunities during the solicitation process with the Purchasing Division.

2. Disclosure of Litigation History The solicitation requests firms to disclose all "material" cases filed, pending, or resolved during the last three (3) years prior to the solicitation response due date, whether such cases were brought by or against the vendor, any parent or subsidiary of the vendor, or any predecessor organization. It is the responsibility of each proposer to identify and disclose to the County all “material” cases. “Material” cases include cases involving work similar to the scope of work in this solicitation, professional negligence, malpractice, default, termination, suspension, poor performance, bankruptcy and business related criminal offenses. “Material” cases do not include cases that involve garnishment, auto negligence, personal injury, workers' compensation, foreclosure or a proof of claim filed by the vendor.


Name of Firm Responsibility Information Remarks

NetSpend, a TSYS Company 1 Disclosed Case No Litigation with Broward County

Unirush LLC d/b/a/ rapid! PayCard 2 Disclosed Cases No Litigation with Broward County


0 Disclosed Cases No Litigation with Broward County

Wells Fargo Bank, N.A. 0 Disclosed Cases No Litigation with Broward County

3. Disclosure of Financial Information The information provided is based on a review by the Finance and Administrative Services Department. Each Vendor shall submit its most recent two (2) years of financial statements for review. The financial statements are not required to be audited financial statements. The annual financial statements shall be in the form of:

i. Balance sheets, income statements and annual reports; or ii. Tax returns; or iii. SEC filings

The disclosure of financial information by proposers is a matter of responsibility. Remarks Name of Firm Responsibility Information Current Ratio)

NetSpend, a TSYS Company* Provided 2017 Financials Provided 2016 Financials

1.09 2.43

Unirush LLC d/b/a/ rapid! PayCard**

Provided 2017 Financials Provided 2016 Financials

1.54 1.54


Provided 2017 Financials Provided 2016 Financials

See Below*** See Below

Wells Fargo Bank, N.A. Provided 2017 Financials Provided 2016 Financials

See Below**** See Below

Finance and Administrative Services Department: *NetSpend, a TSYS Company claimed confidentiality citing the applicable exemption(s) from the Florida Public Records Statute for the disclosure of their financial information **Unirush LLC d/b/a/ rapid! PayCard claimed confidentiality citing the applicable exemption(s) from the Florida Public Records Statute for the disclosure of their financial information


*** U.S. Bank, National Association d/b/a/ US Bank provided the consolidated financial statements from its parent, U.S. Bancorp, for the fiscal years ending December 2017 and 2016. The consolidated financial statements include the accounts of the Company and its subsidiaries and all variable interest entities (“VIEs”) for which the Company has both the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance, and the obligation to absorb losses or right to receive benefits of the VIE that could potentially be significant to the VIE. The financial statements did not break out current assets and current liabilities, therefore, the current ratios could not be calculated for either year. **** Wells Fargo Bank, N.A. provided financial statements for the fiscal years ending December 2017 and 2016. The financial statements did not break out current assets and current liabilities, therefore, the current ratios could not be calculated for either year.

4. Authority to Conduct Business in Florida A Florida corporation or partnership is required to provide evidence with its response that the firm is authorized to transact business in Florida and is in good standing with the Florida Department of State. If not with its response, such evidence must be submitted to the County upon request by the County.


NetSpend, a TSYS Company Provided Certification Authorized/ Good Standing

Unirush LLC d/b/a/ rapid! PayCard Provided Certification Authorized/ Good Standing


Did Not Provide Certification

Wells Fargo Bank, N.A. Provided Certification Authorized/ Good Standing

U.S. Bank, National Association d/b/a/ US Bank - U.S. Bank, National Association d/b/a/ US Bank did not provide certification indicating the firm is in good standing with Florida Department of State, Division of Corporations nor show evidence of application for the authority to transact business in the State of Florida, upon request of the County. U.S. Bank National Association indicates that is not an out-of-state corporation but instead is a national bank organized under the laws of the United States. As a national bank governed by federal law, U.S. Bank is authorized to conduct banking services in all fifty states and is not required to register individually in each state where it conducts business. State banking laws requiring registration to conduct business in a state are pre-empted by federal laws for national banks. U.S. Bank has obtained all appropriate authorizations from the OCC to conduct its banking business in each state.

5. Affiliated Entities of the Principal(s) All Vendors are required to disclose the names and addresses of “affiliated entities” of the Vendor’s principal(s) over the last five (5) years (from the solicitation opening deadline) that have acted as a prime Vendor with the County. “Affiliated entities” of the principal(s) are those entities related to the Vendor by the sharing of stock or other means of control, including but not limited to a subsidiary, parent or sibling entity.

An Affiliated Entities Certification Form was included in the solicitation and must be completed and returned upon request by the County, if not included in the original response.



NetSpend, a TSYS Company Provided No Affiliates

Unirush LLC d/b/a/ rapid! PayCard Provided No Affiliates


Provided No Affiliates

Wells Fargo Bank, N.A. Provided No Affiliates

6. Insurance Requirements The solicitation indicated the insurance requirements deemed necessary for this project. It is not necessary to have this level of insurance in effect at the time of submittal, but it is necessary to submit certificates indicating that the firm currently carries the insurance or the vendor needs to submit a letter from the carrier indicating upgrade availability.


NetSpend, a TSYS Company Provided Compliant (Has insurance)

Unirush LLC d/b/a/ rapid! PayCard Provided Compliant (Has insurance)


Provided Compliant (Has insurance)

Wells Fargo Bank, N.A. Provided Compliant (Will Have Insurance)

7. Price Pricing must be submitted by the solicitation due date in order to be responsive to solicitation requirements.


NetSpend, a TSYS Company Provided Submitted

Unirush LLC d/b/a/ rapid! PayCard Provided Submitted


Provided Submitted

Wells Fargo Bank, N.A. Provided Submitted


C. COUNTY STANDARD TERMS AND CONDITIONS INFORMATION: The acceptance of or any exceptions taken to the terms and conditions of the County’s Agreement shall be considered a part of a Vendor’s submittal and will be considered by the Evaluation Committee. The applicable Agreement terms and conditions for this solicitation were indicated in the Special Instructions to Vendors. Vendors were required to review the applicable terms and conditions and submit the Agreement Exception Form. If the Agreement Exception Form is not provided with the submittal, it shall be deemed an affirmation by the Vendor that it accepts the Agreement terms and conditions as disclosed in the solicitation. If exceptions are taken, the Vendor must specifically identify each term and condition with which it is taking an exception.

Name of Firm Agree Exceptions

NetSpend, a TSYS Company No Section 2.1, 2.2, 2.3 – Scope of Services Section 3.2, 3.3 – term and Time of Performance Section 4.1,4.2.1, 4.2.2, 4.2.3,4.2.4, 4.4, 4.5 – Compensation Section 5 – Indemnification Section 6, 6.31, 6.3.2, 6.3.3,6.3.4, 6.4, 6.5, 6.6, 6.8, 6.9 - Insurance Section 7.1 – Termination Section 8.1, 8.2, 8.3,8.4,8.5,8.6,8.7 – Equal Employment Opportunity and CBE Compliance Section 9.1, 9.2, 9.3, 9.6, 9.9, 9.10, 9.11, 9.12, 9.16,9.17,9.18,9.20,9.24,9.26,9.28,9.29, 9.30, 9.31, 9.32 – Miscellaneous Signature Page – Corporate Seal Exhibit A – Scope of Services Exhibit B – Payment Schedule Exhibit C – Statement of Compliance (Prevailing Wage Rate Ordinance No. 83-72) Exhibit D - Letters of Intent Exhibit E - Business Associate Agreement Between Broward County and ______________ Exhibit F – Certification of Payments to Subcontractors and Suppliers Exhibit G – Minimum Insurance Requirements Exhibit H – Work Authorization for Agreement

Unirush LLC d/b/a/ rapid! PayCard No Section 5 – Term and Termination Section 6 - Insurance Section 8.1, 8.2, 8.3 – Equal Employment Opportunity and CBE Compliance


No Section 6 – Insurance Section 8 – Equal Employment Opportunity and CBE Compliance Section 9 – Miscellaneous Exhibit B - Payment Schedule Exhibit C - Statement of Compliance (Prevailing Wage Rate Ordinance No. 83-72) Exhibit D - Letters of Intent Exhibit E - Business Associate Agreement Between Broward County and ______________


Wells Fargo Bank, N.A. No Section 1.8 – Subconsultant or Subconcontractor Section 3.2 – Term and Time of Performance Section 4.1, 4.2.1, 4.2.4, 4.4 - Compensation Section 5 – Term and Termination Section 6.9 - Insurance Section 8.1, 8.2,8.7 - Equal Employment Opportunity and CBE Compliance Section 9.1, 9.3, 9.9, 9.10, 9.11, 9.12, 9.20,9.24, 9.29, 9.30, 9.32, 9.33 - Miscellaneous Exhibit A, Section 4 – Scope of Services; Managerial Approach Exhibit B – Payment Schedule Exhibit C – Statement of Compliance (Prevailing Wage Rate Ordinance No. 83-72) Exhibit D – Letters of Intent Exhibit E – Business Associate Agreement Between Broward County and ______________ Exhibit F - Certification of Payments to Subcontractors and Suppliers

D. REFERENCES The solicitation’s Evaluation Criteria – Project Specific Criteria, Page 22, Question 3C, request that completed references be provided for previous experience and projects. Attached are the references as verified by County staff.

E. PERFORMANCE EVALUATIONS The Broward County Purchasing Division Contracts Central indicates evaluation scores for the proposing firms previously awarded contracts. Completed performance evaluations may be provided upon request. The individual evaluation scores for the proposing firms are as follows: Name of Firm Scores Provided

NetSpend, a TSYS Company None

Unirush LLC d/b/a/ rapid! PayCard None

U.S. Bank, National Association d/b/a/ US Bank None

Wells Fargo Bank, N.A. 4.78, 4.84

Attached are Contracts Central performance evaluation history for each vendor, as applicable, including evaluation type (renewal, goals compliance, or final) and recommendation for future contracts (yes, no, or conditional). If a firm has periodic evaluations, it will be listed separately.


F. CONE OF SILENCE VIOLATIONS The Cone of Silence for this procurement has been in effect since February 26, 2018, which prohibits potential vendors from discussing this solicitation with the Evaluation Committee, the County Administrator, Deputy County Administrator, Assistant County Administrator, Assistants to the County Administrator, their respective support staff, and any other person authorized to evaluate or recommend selection in this procurement process. Upon the first meeting of the Evaluation Committee, the Cone of Silence expands to also include County Commissioners and their staff. Potential vendors and their representatives are substantially restricted from communicating with County Commissioners and their staff regarding this procurement as stated in the Cone of Silence Ordinance. After application of the Cone of Silence, inquiries regarding this solicitation should be directed to the Director of Purchasing or designee. The Cone of Silence terminates when the County Commission or other awarding authority takes action which ends the solicitation. Vendors are required to certify that they have read, understand and will comply with the Cone of Silence Ordinance, Section 1-266, Broward County Code of Ordinances. The following is a report of the proposers’ Cone of Silence violations: Name of Firm Remarks Violations

NetSpend, a TSYS Company Will Comply None

Unirush LLC d/b/a/ rapid!PayCard Will Comply None


Will Comply None

Wells Fargo Bank, N.A. Will Comply None

G. VOLUME OF PREVIOUS WORK - EVALUATION CRITERIA AND/OR TIE BREAK CRITERIA The solicitation states that a number of points will be allocated for volume of previous work of the firm for the past five (5) years. The volume of work for each of the proposing firms is as follows:

Name of Firm Proposer Reported County Reported

NetSpend, a TSYS Company 0.00 0.00

Unirush LLC d/b/a/ rapid! PayCard 0.00 0.00

U.S. Bank, National Association d/b/a/ US Bank 0.00 0.00

Wells Fargo Bank, N.A. 0.00 0.00


H. PRINCIPAL BUSINESS LOCATION The solicitation states that a number of points will be allocated for location of the firm. The Vendor’s principal address in Broward County shall be the Vendor’s “Principal Address” as indicated with the Florida Department of State Division of Corporations, for at least six (6) months prior to the solicitation’s due date. A proposer with a principal business location within Broward County will receive five (5) points. A proposer not having its principal business location within Broward County will receive zero (0) points. The results are as follows:

Name of Firm Proposer Attested

Nerve Center

Location Verified in SunBiz

Points Allocated

NetSpend, a TSYS Company 701 Brazos Street, Suite 1300, Austin, Texas, 78701

YES 0.00


4701 Creek Road, #200, Cincinnati, OH 45242

YES 0.00


800 Nicollet Mall, Minneapolis, MN 55402

NO 0.00

Wells Fargo Bank, N.A. 420 Montgomery Street, San Francisco, CA 94104

YES 0.00

I. LOCAL PREFERENCE A vendor is eligible to be considered a local business for Local Preference purposes if it has a physical business address located within the limits of Broward County. The vendor must provide a valid business tax receipt issued by Broward County at least one (1) year prior to bid or proposal opening. The results are as follows:

Name of Firm Eligibility Broward or Dade County Tax Receipt

NetSpend, a TSYS Company Not Eligible Not Provided

Unirush LLC d/b/a/ rapid! PayCard Not Eligible Not Provided


Not Eligible Not Provided

Wells Fargo Bank, N.A. Eligible Eligible

J. LOCATION - TIE BREAKER A Vendor located within Broward County is eligible for the Location Tie Breaker. The County requires a copy of the Broward County Business Tax receipt for a period of time of at least six (6) months prior to the solicitation deadline and it must be provided with its initial submittal.


The results are as follows:

Name of Firm Eligibility Broward County Tax Receipt

NetSpend, a TSYS Company Not Eligible Not Provided

Unirush LLC d/b/a/ rapid! PayCard Not Eligible Not Provided


Not Eligible Not Provided

Wells Fargo Bank, N.A. Not Eligible Not Provided

Attachments 1. Vendor Reference Verifications 2. Vendor Performance Evaluations

c: Bob Melton, County Auditor, Office of the County Auditor Nigel Nandlal, Payroll Supervisor, Accounting Division, Finance and Administrative Services Department (Project Manager) Karen Walbridge, Purchasing Manager, Purchasing Division, Finance and Administrative Services Department Glenn Miller, Assistant County Attorney, Office of the County Attorney Fernando Amuchastegui, Assistant County Attorney, Office of the County Attorney BJB/it/mm/hmm

FINANCE AND ADMINISTRATIVE SERVICES DEPARTMENT115 S. Andrews Avenue, Room 513 • Fort Lauderdale, Florida 33301 • 954-357-7130 • FAX 954-357-7134 • Email: [email protected]

Broward County Board of County Commissioners Mark D. Bogen • Beam Furr • Steve Geller • Dale V.C. Holness • Chip LaMarca • Nan H. Rich • Tim Ryan • Barbara Sharief • Michael Udine

www.broward.org

MEMORANDUM

To: Nigel Nandlal, Project Manager, Accounting Division

Cc: Isha Taylor-Salmon, Purchasing Agent, Purchasing Division

From: Lori Fortenberry, Investment & Finance Coordinator Finance and Administrative Services Department

Date: May 8, 2018

Re: TEC2116163P1 – E-Payroll Debit Card Services

This memorandum provides a review of the financial statements for the respondents of the above referenced RFP.

The RFP specifies that the respondents will provide two years of financial statements. Full financial statements are generally understood to include a balance sheet, statement of operations, statement of retained earnings, statements of cash flows and notes. At a minimum, financial statements are generally defined as balance sheets and statements of operations (income statements) and may include tax returns which include this data. This review is not intended to express an opinion on the financial statements, but to determine whether the proposer has met the element of responsibility. Our review is intended to disclose to the committee whether the respondent submitted all of the required financial documents as specified in the RFP and to make the committee aware of any reportable condition and/or apparent issues in the financial statements which would indicate that the firm is not capable of performing the services specified in the RFP.

Reportable conditions include negative equity, net loss in its latest fiscal year and current ratios less than 1.0. The current ratio is calculated by dividing current assets by current liabilities, with a ratio of 1.0 or higher generally indicates a firm can meet its financial obligations in a timely manner. Debt to Equity is a measure of a company's financial leverage calculated by dividing its total liabilities by stockholders' equity. This ratio provides the relative proportion of the firm's equity and debt used to finance assets. A reportable condition is not necessarily indicative of a firm’s inability to perform but may be one of many factors the Committee considers in its evaluation.

There were four respondents to the RFP and the required two years of financial data as specified by the RFP was submitted by each respondent.

The following reportable conditions are brought to the attention of the committee:

U.S. Bank, National Association d/b/a/ US Bank provided the consolidated financial statements from its parent, U.S. Bancorp, for the fiscal years ending December 2017 and 2016. The consolidated financial statements include the accounts of the Company and its subsidiaries and all variable interest entities (“VIEs”) for which the Company has both the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance, and the obligation to absorb losses or right to receive benefits of the VIE that could potentially be significant to the VIE. The financial statements did not break out current assets and current liabilities, therefore, the current ratios could not be calculated for either year.

On behalf of Lori Fortenberry

Digitally signed by ANNA OWENSDate: 2018.05.08 11:41:02 -04'00'

May 8, 2018 TEC2116163P1 – E-Payroll Debit Card ServicesLori Fortenberry Page 2 of 2

Wells Fargo Bank, N.A. provided financial statements for the fiscal years ending December 2017 and 2016. The financial statements did not break out current assets and current liabilities, therefore, the current ratios could not be calculated for either year.

Attached is a spreadsheet showing selected financial data.

RFP/RLI#:Title:

Agency:PM:

# of Responders:Due Date:

Initial Evalutaion:

Responder Name: Financials Provide By: Total System Services, Inc.Confidentiality Claim: Y

Publicly Traded: Y

Financials Provided Audited? Revenue Net Profit/(Loss) Equity (E)Current Assets

(CA)Current

Liabilities (CL) Total Assets (TA) Total Liabilities (TL)

Debt to Equity Ratio

(TL/E) 1

Current Ratio

(CA/CL) 2

FY Ending Dec 31, 2017 10-K Y 1.83 1.09 FY Ending Dec 31, 2016 10-K Y 2.03 2.43

Comment: NetSpend Corporation is a subsidiary of Total System Services, Inc. Total System Services, Inc. has provided a letter guaranteeing the performance of NetSpend Corporation.

Responder Name: Unirush LLC d/b/a/ rapid! PayCardConfidentiality Claim: N

Publicly Traded: N


(CA)Current



(TL/E) 1

Current Ratio

(CA/CL) 2

FY Ending Dec 31, 2017Income Statement/

Balance Sheet N 0.22 1.54

FY Ending Dec 31, 2016Income Statement/

Balance Sheet N 1.76 1.54 Comment:

Responder Name: U.S. Bank, National Association d/b/a/ US BankFinancials Provide By: U.S. BancorpConfidentiality Claim: N

Publicly Traded: Y


(CA)Current



(TL/E) 1

Current Ratio

(CA/CL) 2

FY Ending Dec 31, 2017 Annual Report Y 14,385,000,000 6,253,000,000 49,666,000,000 - - 462,040,000,000 412,374,000,000 8.30 See MemoFY Ending Dec 31, 2016 Annual Report Y 13,167,000,000 5,944,000,000 47,933,000,000 - - 445,964,000,000 398,031,000,000 8.30 See Memo

Comment: U.S. Bank, National Association d/b/a/ US Bank is a subsidiary of U.S. Bancorp

Responder Name: Wells Fargo Bank, N.A.Confidentiality Claim: N

Publicly Traded: N


(CA)Current



(TL/E) 1

Current Ratio

(CA/CL) 2

FY Ending Dec 31, 2017 FFIEC Report Y 80,083,000,000 21,317,000,000 166,558,000,000 - - 1,747,354,000,000 1,580,796,000,000 9.49 See MemoFY Ending Dec 31, 2016 FFIEC Report Y 77,020,000,000 20,179,000,000 155,784,000,000 - - 1,727,235,000,000 1,571,451,000,000 10.09 See Memo

Comment:

Notes:(1) The Debt to Equity Ratio is a measure of a company's financial leverage calculated by dividing its total liabilities by stockholders' equity. It indicates the

proportion of equity and debt the company is using to finance its assets. A high debt/equity ratio generally means that a company has been aggressivein financing its growth with debt.

(2) The Current Ratio is a liquidity ratio that measures a company's ability to pay short-term obligations and is calculated by dividing current assets bycurrent liabilities. The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1.0 suggests that the company

5/4/2018

TEC2116163P1E-payroll Debit Card ServicesAccounting DivisionNigel Nandlal4

CONFIDENTIAL

CONFIDENTIAL

6/8/2018

NetSpend, a TSYS Company

1

Taylor-Salmon, Isha

From: Fajardo, IsraelSent: Friday, May 04, 2018 3:44 PMTo: Taylor-Salmon, Isha; Ashton, AnnikaCc: Walbridge, Karen; Licata, LeahannSubject: RE: RFP Submittal Packages: TEC2116163P1 - E-Payroll Debit Card Services

Isha,

The County Attorney’s Office conducted an internal conflict check, and we are unaware of any litigation between any ofthe vendors and Broward County.

Thanks,

Israel Fajardo

From: Taylor Salmon, IshaSent: Friday, May 04, 2018 11:43 AMTo: Fajardo, Israel ; Ashton, AnnikaCc:Walbridge, Karen ; Licata, LeahannSubject: RE: RFP Submittal Packages: TEC2116163P1 E Payroll Debit Card ServicesImportance: High

Good Morning,

Please forward to me the requested information to be included in the Purchasing Director’s Memorandum. Thisinformation was due on Wednesday and extended to today, Friday, May 4, 2018.

Thank you.

Isha Taylor-Salmon Purchasing Agent Broward County Purchasing Division 115 S Andrews Avenue, Rm 212, Fort Lauderdale, FL 33301 Ph: 954-765-1681 E-Fax: 954-357-8273 www.broward.org/purchasing

From: Taylor Salmon, IshaSent:Wednesday, May 02, 2018 3:50 PMTo: Fajardo, Israel <[email protected]>; Ashton, Annika <[email protected]>Subject: FW: RFP Submittal Packages: TEC2116163P1 E Payroll Debit Card Services

Hi Israel,

Finance and Administrative Services Department RISK MANAGEMENT DIVISION 115 S. Andrews Avenue, Room 210 • Fort Lauderdale, Florida 33301 • 954-357-7200 • FAX 954-357-6545

Broward County Board of County Commissioners Mark D. Bogen • Beam Furr • Steve Geller • Dale V.C. Holness • Chip LaMarca • Nan H. Rich • Tim Ryan • Barbara Sharief • Michael Udine

Broward.org

INSURANCE COMPLIANCE MEMORANDUM May 2, 2018 TO: Isha Taylor-Salmon, Purchasing Agent FROM: Colleen Pounall, Risk Analyst RE: TEC2116163P1 - E-Payroll Debit Card Services We have reviewed the proof of insurance from the proposers. This solicitation requires proposers to either provide proof of insurance (even if the minimum limits are not met), or a letter stating that the proposer will comply with the minimum insurance requirements if awarded. The requirements in this solicitation were: General Liability Automobile Liability Workers Compensation Professional Liability Cyber Liability Below is a summary of the compliance of the proposers:

NetSpend, a TSYS Company Compliant – has insurance Unirush LLC d/b/a/ rapid! PayCard Compliant – has insurance U.S. Bank, National Association d/b/a/ US Bank Compliant – has Insurance Wells Fargo Bank, N.A. Compliant – will have

Please advise Risk Management of any exceptions taken to the standard terms and conditions of the insurance article.

Digitally signed by COLLEEN A. POUNALL DN: dc=cty, dc=broward, dc=bc, ou=Organization, ou=BCC, ou=RM, ou=Users, cn=COLLEEN A. POUNALL Date: 2018.05.03 15:08:36 -04'00'

REFERENCES

FOR

NetSpend, a TSYS Company

REFERENCES

FOR


REFERENCES

FOR

Wells Fargo Bank, N.A.

dn: dc=cty, dc=broward, dc=bc, ou=users, cn=karen … · 2018-06-13 · recommendation memorandum...

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