LA County Board

50. Treasury Management System Contract\nRecommendation: Award and instruct the Chair to sign a contract with FIS\nCapital Markets US LLC for the provision of a new Software as a Service\nbased Treasury Management System (TMS) and related services to the\nDepartment of Treasurer and Tax Collector commencing upon Board\napproval for a five-year term, with two one-year and/or six month-to-month\nextension options, with a maximum contract amount not to exceed\n$1,201,526 which is comprised of $1,001,526 for service costs, and\n$200,000 for Pool Dollars for additional TMS software and/or services, with\nPool Dollars expenditures to be authorized through the issuance of change\nnotices and/or amendments, as applicable, with funding included in the\nDepartment's Fiscal Year 2024-25 budget and will be included in each\nsubsequent year's budget; and authorize the Treasurer and Tax Collector to\ntake the following actions: (Treasurer and Tax Collector) APPROVE\n(NOTE: The Chief Information Officer recommends approval of this item.)\nExecute amendments to the contract to add, delete, and/or change\ncertain terms and conditions as mandated by Federal, or State, or\nlocal law or regulation, or as required by the Board, which are not\npart of the Statement of Work (SOW), internally reallocate funds\nbetween budget pools within the contract, approve assignment and\ndelegation of the contract, resulting from acquisitions, mergers, or\nother changes in ownership, and make changes to the SOW as\noperationally necessary; and\nExecute change notices or amendments to the contract to exercise\nthe extension options and increase the maximum contract amount by\nno more than 10% based on any unanticipated increases in work\nvolume, or special projects. (24-3656)