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Requests for Vendor Proposals 

The Office of the State Treasurer periodically issues requests for proposals (RFPs) to provide professional services for the department. All Treasury Department RFPs are posted on this website and will remain posted until the proposal due date listed in the RFP. Notices are also mailed to the firms on the State of Alabama’s Division of Purchasing vendor registration list. The Treasurer’s Office does not maintain a separate list for RFP recipients. For more information on vendor registration, visit the State of Alabama Purchasing Division at www.purchasing.alabama.gov. 

 

State of Alabama Disclosure Statement (Required by Act 2001-005)

 
Request for Proposal: Issue date:        Due date:

 




Prepaid Affordable College Tuition Program (PACT) Records Administration
RFP

Questions Received:
Does the agency want the vendor to handle the investment management? No

Does the agency want the vendor to do the irs accounting too and the tax paperwork for the contributor? Yes, the selected firm will be responsible for IRS reporting as well as the creation and distribution of all 1099Q forms to account owners/beneficiaries.

Does the agency want the vendor to do the check writing or does the state treasury system? We will issue warrants through the state system.

If so, will the agency consider their state system do it and the vendor makes a total deposit into the state account? N/A

 

 March 11, 2013 April 12, 2013
Submitted proposals are under review.

Prepaid Affordable College Tuition Program (PACT) Financial Auditing Services RFP

Questions Received:
Please clarify which fiscal year ends are subject to this RFP. 2013-2017

Can you disclose the audit fees paid for the 9/30/11 and 9/30/12 audits?
2012 = $55,600 and 2011 == $53,900

Can you please describe in detail PACT’s investment management structure?  Currently, we have 2 investment managers. For additional information, please see the PACT investment policy which is available on our website www.800alapact.com.

How long has Bank of New York Mellon served as custodian? Since 2005

Who are PACT’s investment consultants / advisors and how long have they served in this capacity? Dahab Associates, since November 2011

Who is PACT’s actuary and how long have they served as actuary? Sherman Actuarial Services, since February 2012

Who will be responsible for drafting PACT’s financial statements and notes? Auditor compiled

 

 March 15, 2013 April 15, 2013
Submitted proposals are under review.

 

 

    

 

 

    

 

 

    
 
 

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