Board Reports & Plans

The following information will help you learn more about the Florida Prepaid College Board, including the most current annual report, Comprehensive Investment Plans, Operating Budget and more.

Annual Reports

The Florida Prepaid College Board Annual Report contains information, statistics, the Chairman’s Message, the financial statements and the actuarial report on the Florida Prepaid College Plan and Florida 529 Savings Plan.

2013 Annual Report

2012 Annual Report

2011 Annual Report

2010 Annual Report

Comprehensive Investment Plan (CIP)

There is a separate Comprehensive Investment Plan describing the investment goals, strategies, asset allocation and performance benchmarks for both the Florida Prepaid College Plan and the Florida 529 Savings Plan. The Comprehensive Investment Plan for both the Florida Prepaid College Plan and the Florida 529 Savings Plan were developed by the Florida Prepaid College Board and have been approved by the Trustees of Florida’s State Board of Administration (The Governor, Attorney General and Chief Financial Officer).

View the CIP for the Florida Prepaid College Plan

View the CIP for the Florida 529 Savings Plan

Operating Budget for Fiscal Year 2013-2014

In order to perform its responsibilities in the most effective and efficient manner, the Board contracts with various private companies to provide professional support services for both programs, including actuarial services, investment management services, records administration services, financial services and legal services. Approximately, 90% of the proposed operating budget for 2013-2014 is used to fund these services.

Florida Prepaid College Board
2013-2014 Budget Summary by Category
Salaries and Benefits $1,409,421
Other Personal Services $15,236,582
Expenses $274,861
Other Capital Outlay $41,100
Total $16,961,964

Section 529

The term “529 plan” describes a type of tax-advantaged college plan authorized by Section 529 of the Internal Revenue Code. The money you contribute to these plans grows tax-deferred, and when the student (beneficiary) is ready for college, withdrawals for qualified college expenses are exempt from federal income tax. Even though many 529 plans are marketed and sold by large financial services companies, by federal law, a 529 plan must be sponsored by a state. There are two types of 529 plans: prepaid plans and savings/investment plans. The savings/investment type, like the Florida 529 Savings Plan, is the one often referred to by financial planners and the media as a “529 plan.” The Florida Prepaid College Plan and the Florida 529 Savings Plan are both 529 plans sponsored by the State of Florida and managed by the Florida Prepaid College Board. For more information regarding 529 plans, please visit the IRS website.

Florida Administrative Rules

As an agency of the state of Florida, the Florida Prepaid College Board is subject to Florida Administrative Rules and all applicable requirements.

View Florida 529 Savings Plan Administrative Rules

View Florida Prepaid College Plan Administrative Rules

Board Notices

The Florida Prepaid College Board hereby gives notice of the following:

Stanley G. Tate Florida Prepaid College Plan 2013-2014 Contract Prices

2013-2014 Contract Filing and Payment Due Dates

RFI and ITN Information

ITN 14-01: Advertising, Digital Marketing and Public Relations Services

The Florida Prepaid College Board is requesting responses to an Invitation to Negotiate (ITN #14-01), from qualified firms (“Respondents”) to provide Advertising, Digital Marketing, and Public Relations Services (“Communication Services”) to  the Florida Prepaid College Board (“Board”) and Stanley G. Tate Florida Prepaid College Foundation. The components of this ITN are: (1) Advertising and Creative Services; (2) Digital Marketing and Social Media Services; and (3) Public Relations, Partnerships and Events. Respondents may choose to address one or more of these components in response. The Board intends to award up to one contract per component, for a maximum of three contracts from this ITN. The response deadline is February 14, 2012, 12:00PM EST.

Download ITN 14-01 as .PDF

Download ITN 14-01 as .DOCX

Addendum #1 – Update to Appendix J - Revised Appendix J-3 Florida Prepaid College Board Marketing Budget Surplus/Deficit 2013-2014.

Addendum #2 – Questions and Answers - Response to written requests for clarification.

Addendum #3 – Follow-On Questions - The Florida Prepaid College Board will accept follow-on questions for clarification relating to the Board’s response to Addendum #2 – Questions and Answers

Addendum #4 – Update to ITN 14-01 – Revised Pages 16, 32 & 33

Addendum #5 – Follow-On Questions and Answers – Response to written requests for clarification.

Addendum #6 – Update to Schedule. 

Meeting Materials 02-28-2014

Meeting Materials 04-01-2014

ITN 14-01 Notice Of Intent To Award

Rocket Fuel