Universal Fund Fiscal Agent Services

Location:

Montpelier, Vermont, United States

Posted on:

Deadline:

Summary:

The State of Vermont is seeking a Fiscal Agent to manage, distribute, and account for the Vermont Universal Service Fund, including investment of cash resources and regular reporting to carriers.

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A government authority in Montpelier, Vermont is seeking a vendor to provide Universal Fund Fiscal Agent services. The selected contractor will act as the Fiscal Agent for the Vermont Universal Service Fund, a fiduciary role that involves receiving, distributing, and accounting for funds while holding them in trust for telecommunications ratepayers in Vermont. Actions and procedures must align with interpretations and rules issued by the Public Utility Commission.

Responsibilities include developing and implementing internal procedures for collecting and processing carrier remittances, disbursing funds, and providing periodic account statements to carriers. Additionally, the Fiscal Agent will invest the agency's cash resources in insured bank accounts and financial instruments to maximize returns in accordance with applicable laws and state financial guidelines. The contract period will be for three years, with questions due by March 20, 2026.

Best-fit vendors:

• Experience serving as a fiscal agent for government or utility funds

• Expertise in fund management, accounting, and fiduciary responsibilities

• Strong understanding of Public Utility Commission regulations and telecommunications finance

• Capability to invest and manage public funds in accordance with state laws

• Proven track record with similar multi-year contracts

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Submit your next proposal, within 48 hours or less

Stay ahead with the latest advancement in proposal automation.

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Submit your next proposal, within 48 hours or less

Stay ahead with the latest advancement in proposal automation.