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.
Statement of Organization and Operation
The Agency (1) The Florida Prepaid College Board is the agency head and administers the Stanley G. Tate Florida Prepaid College Program (also known as the Florida Prepaid College Plan) and the Florida College Savings Program (also known as the Florida 529 Savings Plan), pursuant to the provisions of Part IV, Chapter 1009, Florida Statutes. The Board exercises the powers granted to it pursuant to s. 1009.971(1) and (3) – (6), Florida Statutes. Read our full Statement of Organization and Operations.
Florida Statutes
Read about the Florida Statutes that govern the operations of the Florida Prepaid College Board.
Florida Prepaid College Board Meetings
Board meetings are held quarterly. Dates are below and, if available, link to the meeting agenda.
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.
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.
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 2018-2019
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 2018-2019 is used to fund these services.
| Florida Prepaid College Board | |
|---|---|
| 2018-2019 Budget Summary by Category | |
| Salaries and Benefits | $2,887,644 |
| Other Personal Services | $19,000,807 |
| Expenses | $376,461 |
| Other Capital Outlay | $8,100,000 |
| Total | $30,364,912 |
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:
2018-2019 Open Enrollment Notices
2018-2019 Florida Prepaid College Plan Interest Rates
2018-2019 Florida Prepaid College Plan Pricing
2019 Florida ABLE Disclosure Required pursuant to Section 20.058 Florida Statutes
2019 Foundation 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
Invitation to Negotiate 16-01 Amendment 3 – Schedule Update
Invitation to Negotiate 16-01 Amendment 4 – Schedule Update
Invitation to Negotiate 16-01 Amendment 5 – Schedule Update
Invitation to Negotiate 16-01 Amendment 6 – Schedule Update
Invitation to Negotiate 16-01 Amendment 6 – Notice of Negotiation Vote
Invitation to Negotiate 16-01 Notice of Intent to Award
ITN 19-01: Investment Consultant Services for the Stanley G. Tate Florida Prepaid College Program, Florida 529 Savings Plan and Florida ABLE
This Invitation to Negotiate (ITN) has been issued by the Board, pursuant to Section 287.057, Florida Statutes, to obtain written offers for investment consultant services (Responses) from qualified firms (Respondents) for the Board’s Prepaid Program, Savings Program and Florida ABLE.
All questions related to this ITN must be directed to the ITN Administrator by email at ITNinfo.Prepaid@MyFloridaPrepaid.com.
Invitation to Negotiate 19-01 Investment Consultant Services
Invitation to Negotiate 19-01 Appendix A-Contract
Invitation to Negotiate 19-01 Appendix B-Response Packet
Invitation to Negotiate 19-01 Appendix C-Request for Clarification
Invitation to Negotiate 19-01 Appendix D-Comprehensive Investment Plans
Invitation to Negotiate 19-01 Written Request for Clarification Response
Invitation to Negotiate 19-01 Notice of ITN Opening
Invitation to Negotiate 19-01 Notice of Validation Meeting
Invitation to Negotiate 19-01 Notice of Negotiation Vote
Invitation to Negotiate 19-01 Notice of Intent to Award
ITN 19-03: Commingled Investment Product Services for the Stanley G. Tate Florida Prepaid College Program, Florida 529 Savings Plan, the Florida ABLE Program and the Florida Prepaid College Foundation
This Invitation to Negotiate (ITN) has been issued by the Board, pursuant to Section 287.057, Florida Statutes, to obtain written offers for commingled investment option services, to include but not be limited to mutual funds, exchange traded funds and collective trusts (Responses) from qualified firms (Respondents) to be utilized by the Board’s Prepaid Program, Savings Program, Florida ABLE and the Foundation. All questions related to this ITN must be directed to the ITN Administrator by email at ITNinfo.Prepaid@MyFloridaPrepaid.com.
Invitation to Negotiate 19-03 Commingled Investment Product Services
Invitation to Negotiate 19-03 Appendix A – Investment Management Agreement
Invitation to Negotiate 19-03 Appendix B – Written Response Packet
Invitation to Negotiate 19-03 Appendix C – Request for Clarification
Invitation to Negotiate 19-03 Appendix D – Commingled Products
Invitation to Negotiate 19-03 Written Request for Clarification Response
Invitation to Negotiate 19-03 Notice of ITN Opening
Invitation to Negotiate 19-03 Notice of Validation Meeting
Invitation to Negotiate 19-03 Notice of Negotiation Vote
Invitation to Negotiate 19-03 Notice of Intent to Award
ITN 19-04: Advertising and Digital Marketing, and Public Relations Services for the Stanley G. Tate Florida Prepaid College Program, Florida 529 Savings Plan, the Florida ABLE Program and the Florida Prepaid College Foundation
This Invitation to Negotiate (ITN) has been issued by the Board, pursuant to Section 287.057, Florida Statutes, to obtain written offers for services (Responses) from qualified firms (Respondents) to provide advertising, marketing, and public relations services for the Board, the Prepaid Program, the Savings Program, the Foundation, and ABLE United. All questions related to this ITN must be directed to the ITN Administrator by email at ITNinfo.Prepaid@MyFloridaPrepaid.com.
The components of this ITN are: (1) Advertising and Creative Services, Digital Marketing, and Social Media Services; and (2) Public Relations, Partnerships, and Events. Respondents may choose to address one or both of these components in response. The Board intends to award up to one contract per component, for a maximum of two contracts from this ITN.
Invitation to Negotiate 19-04 Advertising and Digital Marketing, and Public Relations Services
Invitation to Negotiate 19-04 Appendix B – Written Response Packet
Invitation to Negotiate 19-04 Appendix C – Request for Clarification
