The vendor is required to provide this investment analytic services for an automated data aggregation and reporting solution for investment portfolio and bank data.
- Services includes receiving, safe keeping, investing, disbursing, recording and acquiring District financial resources. The core financial assets are cash and equivalents and accounts receivable, and the core financial liabilities are debt and accounts payable.
- District’s annual operating budget for Fiscal Year 2025 (FY25) is $11.6B as noted in the Approved Annual Budget and Capital Plan.
- District currently has 500+ bank accounts, custody accounts, and corporate trust accounts in managing it’s operating, investment, and debt proceeds. The District’s cash flow varies because of timing differences between receipts, such as, tax collections, debt financing proceeds, and disbursements, such as payroll expenditures and payments for payroll, purchased goods and services, and retirement.
- Aggregate data from bank accounts, investment accounts, custody banks, brokers, order management systems, and third-party security master data vendors automatically on a daily basis.
-  Validate and reconcile bank and investment account data to ensure daily cash and investment positions as well as transactions are accurately reflected.
- Vendor shall provide an integrated investment reporting analytics tool to capture:
•investment policy compliance monitoring
•performance measurement
•risk analysis
•issuer and security exposure
- vendor shall, on a daily basis, obtain the market price, or compute if market pricing is not available, of all securities held in the district’s investment accounts.
- Vendor shall provide online viewing access of transactions and online balance information of all accounts, and securities purchased or sold within 12 hours of trade execution.
- Vendor shall collaborate with treasury management system - Kyriba, gold man Sachs – mosaic fund portal, and wells fargo fund portal, and any other operationally important district financial systems, as needed.
- Vendor shall provide shadow reporting for securities such as (and other positions) for which there may not be an electronic trading platform and include them in the daily position reports and monthly statements.