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Fort Worth gets rebate from Chase for procurement card use

Posted Dec. 14, 2018

Archived Content Information and links provided may no longer be accurate.

Fort Worth received a rebate for $219,690 as part of its procurement card banking relationship with JPMorgan Chase & Co.

The procurement card (PCard) program allows designated City of Fort Worth employees to purchase goods and services that do not require a formal competitive procurement under $3,000 annually citywide. The program is used for procuring small-dollar-value goods, services not requiring insurance, one-time purchases and approved travel expenses.

Procurement cards may also be used for annual agreement purchases where such use has been approved and arranged by the Purchasing Division of the Financial Management Services Department.

The city had approximately 38,000 transactions for 2017 for a total of $13,880,464.56

A consortium of Chase card users has grown from roughly $300 million in annual spend to the 2018 spend amount of $630 million and now includes 337 members — mostly Texas-based local government organizations, with the City of Fort Worth being the anchor entity for the JPMorgan Payment Consortium since 2007.

This year’s total consortium rebate payout amounts to more than $9.3 million, with the City of Fort Worth’s portion of the rebate being $219,690.

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Canceled City Council Work Session: 3 p.m. Jan. 22, 2019; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.

Civil Service Commission: 6 p.m. Jan. 22, 2019; Bob Bolen Public Safety Complex, Auditorium, 505 West Felix Street, Fort Worth, Texas 76115.
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Canceled City Council Meeting: 7 p.m. Jan. 22, 2019; City Council Chambers, Second Floor, City Hall, 200 Texas Street.

City Plan Commission Work Session: noon Jan. 23, 2019; City Hall, Second Floor, City Council Conference Room 290, 200 Texas Street, Fort Worth, Texas 76102.
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City Plan Commission Public Hearing: 1:30 p.m. Jan. 23, 2019; City Hall, Second Floor, City Council Chambers, 200 Texas Street, Fort Worth, Texas 76102.
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Park & Recreation Advisory Board: 4 p.m. Jan. 23, 2019; Southwest Community Center, 6300 Welch Avenue, Fort Worth, Texas 76133.
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Fort Worth Housing Solutions Board of Commissioners Regular Meeting: 5 p.m. Jan. 24, 2019; FWHS Administrative Office Board Room, 1201 East 13th Street, Fort Worth, Texas.
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Fort Worth Affordability, Inc. Board of Directors Special Meeting: 5 p.m. Jan. 24, 2019; FWHS Administrative Office Board Room, 1201 East 13th Street, Fort Worth, Texas.
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QuadCo Management Solutions, Inc. Board of Directors Special Meeting: 5 p.m. Jan. 24, 2019; FWHS Administrative Office Board Room, 1201 East 13th Street, Fort Worth, Texas.
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Sedona Public Facility Corporation Board of Directors Special Meeting: 5 p.m. Jan. 24, 2019; FWHS Administrative Office Board Room, 1201 East 13th Street, Fort Worth, Texas.
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Ironwood Crossing Public Facility Corporation Board of Directors Special Meeting: 5 p.m. Jan. 24, 2019; FWHS Administrative Office Board Room, 1201 East 13th Street, Fort Worth, Texas.
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Active Transportation Plan Public Meeting: 6 p.m. Jan. 24, 2019; Central Library, 500 West Third St.

Fort Worth Professional Fire Fighters Association Collective Bargaining Negotiations: 1:30 p.m. Jan. 25, 2019; IAFF Local 440 Office, 3855 Tulsa Way, Fort Worth, Texas 76107.
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District 4 Caffeinated Town Hall: 9 a.m. Jan. 26, 2019; Heritage Clubhouse, 9536 Courtright Drive.

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