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Agenda Plus
School Board of Clay County
May 24, 2022 - School Board Special Meeting
Title
MFB Financial, Inc DBA The Bailey Group Vendor Agreement Addendum 2
Description

Description

Renew Vendor Agreement as required per FS 287, DOE 6A-1.012 and School Board Policy

a. MFB Financial, Inc DBA The Bailey Group Addendum 2: Contract Period is May 30, 2022 through May 30, 2023. The contract period is for 1 year and is the second renewal option for Vendor Agreement.

Gap Analysis

The District requires Contractor to provide third party administrative services to ensure our staff receives products and services that meet their needs.

Previous Outcomes

The Contractor was Board approved 3/1/2018 and has been used successfully during the past term to provide quality services to the district.

Expected Outcomes

Upon approval by the Board; we expect the Contractor to continue providing quality services at the same terms and conditions of the Vendor Agreement. In addition to the ongoing services, the Contractor shall continue to cover the recurring monthly costs associated with the School Board's benefit administration system (Benefit Focus) that came into  effect June 1, 2021. Furthermore, the Contractor will continue to sponsor and support the School Board's "Tools 4 Clay Schools Store" in its new permanent location, as well as any related events, in coordination and partnership with the Clay Education Foundation.

Strategic Plan Goal

Goal 2; Strategy 2.4; Ensure effective and efficient use of resources for fiscal stability.

Recommendation

Extend Agreement as follows:

aMFB Financial, Inc DBA The Bailey Group Addendum 2:

  • MFB Financial, Inc DBA The Bailey Group, 1200 Plantation Isl Dr S, Ste 210, St. Augustine, FL 32080
Contact
Dr. Susan Legutko, Assistant Superintendent for Business Affairs, Phone: (904)336-6721, Email: susan.legutko@myoneclay.net
Financial Impact
Cost paid out of Insurance Commissions not to exceed $375,000.00 annually.
Review Comments
Attachments
5_24_2022 Board Agenda 220117 The Bailey Group (1).pdf