HCPS FL Logo Business
Action Item
DATE: Tuesday, January 20, 2015
TO: School Board Members
FROM: MaryEllen Elia, Superintendent
SUBJECT / RECOMMENDATIONS
Approve the Master Software License Agreement Between Hillsborough County Public Schools (HCPS) and Solvit Software, Inc. (Business Division)
EXECUTIVE SUMMARY
On May 13, 2014, the Board approved the piggyback agreement between the School Board of Volusia County and Regions Bank that governs our purchasing card services (P-Card).  This master software license agreement extends the current software product HCPS has utilized for P-Card reconciliation and approval since 2006 known as Resolve.

Resolve has a unique feature that tracks all changes to transaction information in real time by tracking available budget for a given expense account to prevent overspending.  Changes to transactions and balances at any point throughout the transaction life-cycle are reflected in the available budget figure and users are prevented from allocating expenditures to an account that does not have funds available.  HCPS performed an extensive search for P-Card reconciliation software and found Resolve to be the only software with this feature.

On November 17, 2014, a diverse group of eight principals and bookkeepers provided positive support and approval of the current HCPS P-Card program and “easy to use” software.  If approved, this agreement will become effective April 1, 2015.  The initial term will end on July 31, 2016, and will be on a month-to-month basis, thereafter.   Regions Bank has agreed to reimburse HCPS for the costs associated with this agreement.  The Superintendent is authorized to approve any renewal agreements, per the terms of the specifications.

STRATEGIC OBJECTIVES
• Align financial resources to support the district’s strategic goals • Demonstrate best financial practices
FINANCIAL IMPACT (Budgeted:  Yes)
There are no additional fees associated with this agreement, as Regions Bank will be reimbursing the district for annual fees of $38,000 in addition to $12,000 for any programming HCPS finds necessary.
EVALUATION
Contract administration or evaluation is performed by the P-Card Manager. Reviews are conducted face to face, typically quarterly, or by utilizing an online vendor performance report.  Prior to soliciting a new contract, the Contract Administration team must first give consideration to the specifications and supporting data of the expiring contact.
SUBMITTED BY:  Arnold Richman, P-Card Manager, Procurement Department
Jean Bowman   Gretchen Saunders
General Manager, Procurement Department
(813) 272-4374
  Chief Business Officer
(813) 272-4270
    A 6.03
Hillsborough County Public Schools (Florida) * Mtg.#20150120_682 (Board Meeting) * Section A Item# 6.03