RFP | RFI | RFQ | RFC

On November 12, 2024, the Ohio Treasurer of State (“Treasurer’s Office”) will release a Request for Proposal (“RFP”) for the award of active deposits of the public moneys of the State of Ohio for a period of four years commencing on July 7, 2025 (“Designation Period”). The RFP will be available by direct request. Respondents should submit their Response to the Treasurer’s Office no later than 3:00 PM EST on December 18, 2024. On March 17, 2025, the Board of Deposit will award active deposits for the Designation Period.

To hold active or interim deposits during the Designation Period, a Financial Institution must apply or renew its eligibility as a depository of public funds. On November 18, 2024, the application to serve as Depository of Public Funds for 2025 – 2029 will be available on the Treasurer’s website www.OhioTreasurer.gov or may be obtained by direct request. An application to hold active funds must be received by the Treasurer’s Office by December18, 2024. There is no deadline for filing an application to hold interim deposits; however, processing an application to hold interim deposits typically takes ninety (90) days. All applications are to be in accordance with Ohio Revised Code Chapter 135 and submitted to Treasurer Robert Sprague, Chairman, Ohio Board of Deposit, 30 East Broad Street, 9th Floor, Columbus, Ohio 43215.

To request a copy of the RFP or the public depository application, or to ask questions related to either document, please send an email to [email protected].

Question: The State is indicating interest in changing the way warrants are completed. As we look to provide alternative solutions, is there specific data in the current process that will be needed in the future for those warrants?

Answer: The respondent should consider solutions utilizing funds (numerical categorizations) to manage by expense type, payee positive pay, image availability, and reconciliation resources.