2.1. Summary: The requested services and deliverables require the Contractor to present the TEF’s overall financial status and trends in a variety of formats to provide a clear, concise, and insightful view of the TEF programs, projects, and administrative activities. The Proposer must demonstrate its adherence to all applicable state and federal laws and regulations while in service to the PUCT. The Proposer should demonstrate its capability of performing, at a minimum, the following financial management services: 2.2 STANDARD OPERATING PROCEDURES 2.2.1. Payment Processes. Develop and maintain updates to enterprise-level financial management processes and procedures for funding disbursements for each TEF program, including data/documentation requirements. Procedures must ensure compliance with all applicable uniform administrative requirements, cost principles, and audit requirements for state awards. 2.2.2. Quality Assurance and Control. Develop and maintain updates to enterprise-level financial management processes and procedures for quality assurance and quality control (QA/QC) for each TEF program, including roles and contingency planning for verification confirmations and approval paths. 2.2.3. Continuous Improvements. Develop and maintain a schedule for comprehensive reviews of existing enterprise-level financial management processes and procedures to identify opportunities for efficiencies and strengthening of internal controls and tracking. Examples of processes to undergo routine review include: a) Financial balances, capacities, and projected expenditures. b) Cash management process maps for inter and intra-agency activities. c) Funding requests, reimbursements, interests earned, and recaptures for each program. d) Risk assessment and recommended mitigation for each of the TEF programs
