REPORT TO THE CITY COUNCIL
FROM: SANTINO DANISI, MBA, City Controller/Finance Director
Finance Department
BY: KALEB NEUFELD,MBA, Assistant Controller/Assistant Director
Finance Department
SUBJECT
Title
Approve a Treasury Investment Management Software Service Contract with Emphasys Computer Solutions, Inc. for a four-year term in an amount not to exceed $163,165, with three (3) optional one (1) year extensions each not to exceed $48,500 annually (Bid File No. 12501002)
Body
RECOMMENDATION
Staff recommends that City Council authorize the Finance Director or designee(s) to execute a four-year contract with three (3) optional one (1) year extensions with Emphasys Computer Solutions, Inc., in the total amount of $163,165, to provide Treasury Investment Management software services to the City of Fresno Finance Department, as outlined in the City's Request for Proposals (RFP).
YEARLY BREAKDOWN OF COST
Year
Cost |1010|$44,000|1010|$37,800|1010|$39,690|1010|$41,675
Total Contract
$163,165
EXECUTIVE SUMMARY
The City of Fresno (City) currently maintains an agreement with Emphasys Treasury Desktop Software for treasury investment management services, which is set to expire on December 31, 2025. In anticipation of this, the City issued a Request for Proposals (RFP) for continued treasury investment management software services, posting the solicitation on PlanetBids on January 15, 2025. Two software vendors submitted proposals in response.
An Evaluation Committee was convened, comprising representatives from the Finance Department and the Information Services Department (ISD). A Purchasing Division representative served as the Facilitator for the Committee. Each proposal was evaluated based on the criteria outlined in the RFP, with emphasis on the vendor's ability to meet the required service specifications and the competitiveness of their cost proposal.
Based on this evaluation, staff recommends awarding a four-year contract to Emphas...
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