Explanation
BACKGROUND:
The majority of the City Treasurer’s banking contracts will expire on May 31, 2023. The City Treasurer’s Office in consultation with the City Auditor’s Office agreed that it would be in the best interest of the City to engage a consultant to assist the City with its banking RFP development. To that end, the City Treasurer’s Office and representatives from the City Auditor’s Office and the Department of Finance and Management collaborated on an RFP for a banking RFP consultant.
On August 13, 2021 the Columbus City Treasurer's Office issued a request for proposal, RFQ019553. Four hundred eight vendors were solicited; one vendor - Crowe LLP responded. The evaluation committee which was comprised of representatives from the Department of Finance and Management, the City Auditor’s Office and the City Treasurer’s Office agreed that the only bidder, Crowe LLP be recommended to the Depository Commission and Treasury Investment Board as its choice to enter negotiations and if successful, to enter into contract.
At a meeting on November 12, 2021 the Depository Commission and Treasury Investment Board, based on the evaluation committee’s recommendation, authorized the City Treasurer to move forward with negotiations with Crowe LLP for a contract as the City’s banking RFP consultant subject to approval by Columbus City Council.
This ordinance is submitted as an emergency so that work on the project may begin without delay.
FISCAL IMPACT:
Funds for these expenditures are available within the City Treasurer’s Office 2021 budget appropriations and were projected in the Treasurer’s Office third quarter financial review. This ordinance is contingent on passage of the Finance and Management Department third quarter transfer ordinance.
Contract Compliance: Crowe LLP, 350921680 expiration July 27, 2022
Title
To authorize the City Treasurer to enter into contract with Crowe LLP for consulting services; to authorize the expenditure of up to $99,500 f...
Click here for full text