Manage Banking Relationships (70.1)

Business Process Overview

Section 17.57(6), Florida Statutes (F.S.), provides that Department of Financial Services (DFS), Division of Treasury (Treasury) is responsible for maintaining banking relationships and setting up authorized bank accounts in Florida PALM. The Manage Banking Relationships business process documents how bank accounts will be set up and maintained in Florida PALM. It also describes how agencies will correspond with Treasury to request approval for outside banking services, request new sub-accounts or changes to existing sub-accounts, order supplies, request Treasury assistance with transaction research, or to contact Treasury with questions.

The business subprocesses included are: 

• 70.1.1 – Maintain Bank Accounts
• 70.1.2 – Manage Treasury Correspondence

Dependencies and Constraints

Dependencies and Constraints describe any conditions or criteria that impact how or when the business process should be executed. These could be set within Florida PALM or from external sources (i.e., Law or Rule).

• Active banking relationships and bank accounts are maintained in Florida PALM for all bank accounts.
• Agencies submit all requests for assistance to the Treasury for assistance through Florida PALM.

Agency Configurations

The table below identifies the Agency Configurations related to this Business Process. These items are not included within the Business Flow Diagrams; however, these items are important elements of each Business Process.

Conversions

The table below identifies the Conversions related to this Business Process. These items are not included within the Business Flow Diagrams; however, these items are important elements of each Business Process.

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