Title and Board Action Requested
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Approve the renewal of the piggyback of Polk State College, RFP #2018-01, Banking Services, awarded to Truist Bank for banking services.
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Executive Summary
The Director of Finance, on behalf of the Superintendent of Schools, hereby requests the Board approve the renewal of the piggyback of Polk State College, RFP #2018-01: Banking Services, awarded to Truist Bank. The renewal term will be for a one (1) year, June 1, 2024 through May 31, 2025 with the option for three (3) additional one (1) year extensions
Hernando County School District Bid No. 21-946-14 PB RN has been assigned for internal tracking.
My Contact
Joyce McIntyre
Director of Finance
(352) 797-7004
2023-28 Strategic Focus Area
Priority 5: Fiscal Transparency and Capital Planning
Financial Impact
See attached budget sheet.
If expenditure is not currently budgeted, this will serve as the budget amendment when Board approved. If the agenda item includes the purchase of goods or services, the funds requested are an anticipated amount and may fluctuate depending on such factors as current market conditions, product availability, additional funding sources, and the needs of the District. Should the actual cost exceed the anticipated amount, the Board approves the additional cost, after review by the superintendent, but not in excess of the funds available in the site’s approved annual budget.