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Fort Worth gets rebate from Chase for procurement card use

Posted Dec. 14, 2018

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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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Meet and Confer Negotiations Between the City of Fort Worth ("City") and the Fort Worth Police Association ("POA"): 9 a.m. Aug. 27, 2019; Fort Worth Botanic Gardens, Camilia Room, 3220 Botanic Garden Blvd.
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Ad Hoc Municipal Court Advisory Committee: 11 a.m. Aug. 27, 2019; City Managers Conference Room 380, 3rd Floor, City Hall, 200 Texas St.
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Fort Worth Housing Finance Corporation: 2:30 p.m. Aug. 27, 2019; City Council Conference Room 290, City Hall, 200 Texas Street.
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City Council Work Session: 3 p.m. Aug. 27, 2019; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.
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City Council Meeting: 7 p.m. Aug. 27, 2019; City Council Chambers, Second Floor, City Hall, 200 Texas Street.
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Workforce Solutions For Tarrant County Joint WDB/WGB Meeting: 9 a.m. Aug. 28, 2019; Lena Pope Amon Carter Center, 3200 Sanguinet Street.
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Metropolitan Area EMS Authority DBA MedStar Mobile Healthcare Board of Directors Meeting: 10 a.m. Aug. 28, 2019; MedStar Mobile Healthcare, 2900 Alta Mere Dr.
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City Plan Commission Work Session: noon Aug. 28, 2019; City Council Conference Room 290, 2nd Floor City Hall, 200 Texas Street.
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City Plan Commission Public Meeting: 1:30 p.m. Aug. 28, 2019; City Council Conference Room 290, 2nd Floor, City Hall, 200 Texas Street.
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Park and Recreation Advisory Board Work Session: 3 p.m. Aug. 28, 2019; Deborah Beggs Moncrief Garden Center, Fort Worth Botanic Garden, 3220 Botanic Garden Blvd.
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Park and Recreation Advisory Board Meeting: 4 p.m. Aug. 28, 2019; Deborah Beggs Moncrief Garden Center, Fort Worth Botanic Garden, 3220 Botanic Garden Blvd.
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West Risinger Road Project Meeting: 6 p.m. Aug. 29, 2019; Crowley Middle School Cafeteria, 3800 West Risinger Road.

Watercress Low Pressure Sewer Improvements Project Meeting: 6:30 p.m. Aug. 29, 2019; Lake Worth Multipurpose Center, 7005 Charbonneau Road, Lake Worth.

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