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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.

2016 Annual Report

Financial Statements

The Florida Prepaid College Board annually publishes Financial Statements in accordance with generally accepted accounting principles. These include the audited financial statements, note disclosures, and required supplementary information, presenting the Board’s financial condition at fiscal year-end and results of operations during the fiscal year.

2016 Financial Statements

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 2016-2017

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, 85% of the proposed operating budget for 2016-2017 is used to fund these services.

Florida Prepaid College Board
2016-2017 Budget Summary by Category
Salaries and Benefits $2,666,490
Other Personal Services $17,893,757
Expenses $321,961
Other Capital Outlay $41,100
Total $20,923,308

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:

2016-2017 Open Enrollment Notices

2016-2017 Florida Prepaid College Plan Interest Rates

2016-2017 Florida Prepaid College Plan Pricing

2016 Foundation disclosure required pursuant to Section 20.058, Florida Statutes

2016 ABLE disclosure required pursuant to Section 20.058, Florida Statutes

RFI and ITN Information

ITN 16-01: Customer Service and Records Administration Services
This Invitation to Negotiate (“ITN”) is being issued by the Board to obtain responses from experienced and qualified Respondents to provide Customer Services and Records Administration Services for the Board’s Programs. All questions related to this ITN must be directed to the ITN Administrator by email at ITNinfo.Prepaid@MyFloridaPrepaid.com.

Invitation to Negotiate 16-01 Customer Service and Records Administration Services.docx

Invitation to Negotiate 16-01 Solicitation Conference Materials

Invitation to Negotiate 16-01 Question and Answers

Invitation to Negotiate 16-01 Amendment 1 – Schedule Update

Invitation to Negotiate 16-01 Amendment 2 – Schedule Update
ITN 16-03: Actuarial Services for the Stanley G. Tate Florida Prepaid College Program
The Florida Prepaid College Board is reviewing responses to an Invitation to Negotiate, ITN 16-03, from experienced and qualified Respondents to provide actuarial services for the Stanley G. Tate Florida Prepaid College Program. All questions related to this ITN must be directed to the ITN Administrator by email at ITNinfo.Prepaid@MyFloridaPrepaid.com.

Invitation to Negotiate 16-03 Actuarial Services.docx

Invitation to Negotiate 16-03 Actuarial Services.pdf

Invitation to Negotiate 16-03 Appendix F – Contract.pdf

Invitation to Negotiate 16-03 Questions And Answers.pdf

Invitation to Negotiate 16-03 Notice of Intent to Negotiate.pdf

Invitation to Negotiate 16-03 Amendment 1 – Schedule Update.pdf

Invitation to Negotiate 16-03 Amendment 2 – Schedule Update.pdf

ITN 17-01: Index Repliciation for the Stanley G. Tate Florida Prepaid College Program and the Florida 529 Savings Plan
The Florida Prepaid College Board is reviewing responses to an Invitation to Negotiate, ITN 17-01, from experienced and qualified Respondents to provide index replication services for the Stanley G. Tate Florida Prepaid College Program and the FLorida 529 Savings Plan. All questions related to this ITN must be directed to the ITN Administrator by email at ITNinfo.Prepaid@MyFloridaPrepaid.com.

Invitation to Negotiate 17-01 Index Replication Services.docx

Invitation to Negotiate 17-01 Index Replication Services.pdf

Invitation to Negotiate 17-01 Supplemental Questions Grid.xlsx

Invitation to Negotiate 17-01 Questions And Answers.pdf

ITN 17-02: Florida ABLE, Inc. Customer Service and Records Administration Services
The Florida Prepaid College Board is reviewing responses to an Invitation to Negotiate, ITN 17-02, from experienced and qualified Respondents to provide customer service and records administration services for Florida ABLE, Inc. All questions related to this ITN must be directed to the ITN Administrator by email at ITNinfo.Prepaid@MyFloridaPrepaid.com.

Invitation to Negotiate 17-02 Florida ABLE, Inc. Customer Service and Records Administration Services.pdf

Invitation to Negotiate 17-02 Florida ABLE, Inc. Customer Service and Records Administration Services.docx

Invitation to Negotiate 17-02 Appendix A – Business Rules.pdf

Invitation to Negotiate 17-02 Appendix B – Program Description and Participation Agreement.pdf
 

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