| | | | | | | |  | CITY OF PLANO
COUNCIL AGENDA ITEM |
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| | | | | | | | Council Meeting Date: 9/10/2018
Department: Finance
Department Head: Denise Tacke
Agenda Coordinator: Vernie Rambo |
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CAPTION
To approve an expenditure for the purchase of Credit Card Payment Processing Services for extending the current contract by six (6) additional months, with City optional monthly renewals in the estimated monthly amount of $78,000 from Elavon, Inc. for the Finance Department; and authorizing the City Manager to execute all necessary documents. (Contract No. 2013-2-C, Modification No. 2) Approved |
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FINANCIAL SUMMARY Operating Expense
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FISCAL YEAR: 2018-19
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Prior Year
(CIP Only) |
Current
Year
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Future
Years
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TOTALS |
| Budget |
0 |
0 |
468,000 |
468,000 |
| Encumbered/Expended Amount |
0 |
0 |
0 |
0 |
| This Item |
0 |
0 |
-468,000 |
-468,000 |
| Balance |
0 |
0 |
0 |
0 |
FUND(S): General Fund, Convention & Tourism Fund, Water & Sewer Fund, Sustainability & Environmental Services Fund
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COMMENTS: This item is to extend the credit card processing contract with Elavon, Inc. for a period of six months followed by a month to month basis, if needed. The six month extension is estimated to cost $468,000 which will be expended within council approved appropriations for FY 2018-19. |
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SUMMARY OF ITEM
See Recommendation Memo.
Strategic Plan Goal:
Financially Strong City with Service Excellence
Plano Tomorrow Plan Pillar:
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