Attachment13-FinancialSolvencyCert.docx

This is a Financial Solvency Certification document required by the California Department of Aging (CDA) for RFP Number RFP-2324-06 regarding HICAP Modernization services. The certification requirement applies to all proposers responding to the state and local contract opportunity for SB1249 Consulting services, which seeks a contractor to create and deliver Older Americans Act Area Agency on Aging designation process mapping, risk analysis mapping, and contract development services pursuant to the requirements of the Older Americans Act and Senate Bill 1249, informed by CA2030 planning and engagement efforts. The proposer's authorized official must certify that the organization is financially solvent and will remain so throughout the contract term, with an obligation to notify the CDA representative in writing of any material solvency concerns.

The certification document requires the proposer to provide identifying information including the printed name and signature of an authorized official with contracting authority, the company name, address, city, state, zip code, and Social Security Number or Tax Identification Number. The CDA emphasizes that this certification constitutes a material representation of fact upon which the agency will rely when making the award decision, and any false certification may result in contract termination in addition to other available remedies. Substantial solvency concerns that must be reported include depletion of cash reserves, use of cash reserves for payroll obligations, inability to meet accounts payable obligations, deteriorating accounts receivable collection, delinquency in IRS or payroll tax payments, evidence of fraud or mismanagement, co-mingling of accounts, and misuse of grant funds.