Executive/Council Action Form (ECAF)
ITEM TITLE:
Title
Motion 25-361, authorizing the Executive to authorize funds for Bloomberg Investment Services as a single source provider
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DEPARTMENT: Treasurer
ORIGINATOR: Mallory Good
EXECUTIVE RECOMMENDATION: Approved by Ken Klein 7/25/25
PURPOSE: To authorize funding for Bloomberg, as a single source provider, for investment research and trading services for five years.
BACKGROUND: This Agreement is the product of County SS-25-0510BC. Bloomberg is an existing service used by the Treasurer’s office. It is an online subscription service that is used as a comprehensive research and analytical tool covering multiple asset classes, electronic trading, market pricing and current economic news. There have been no like services identified and as such it is a single source purchase.
FISCAL IMPLICATIONS:
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EXPEND: FUND, AGY, ORG, ACTY, OBJ, AU |
CURRENT YR |
2ND YR |
1ST 6 YRS |
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002 General fund |
33000 |
35000 |
180000 |
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TOTAL |
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REVENUE: FUND, AGY, ORG, REV, SOURCE |
CURRENT YR |
2ND YR |
1ST 6 YRS |
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TOTAL |
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DEPARTMENT FISCAL IMPACT NOTES: Services are purchased annually under a fixed pricing module. The investment income is impacted by the use of Bloomberg services.
CONTRACT INFORMATION:
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ORIGINAL |
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CONTRACT# |
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AMOUNT |
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AMENDMENT |
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CONTRACT# |
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AMOUNT |
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Contract Period
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ORIGINAL |
START |
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END |
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AMENDMENT |
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END |
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OTHER DEPARTMENTAL REVIEW/COMMENTS: Reviewed/approved by Finance (Nathan Kennedy 7/25/25)