RFP Answers.docx

This is a Responses to Vendor Questions document for an Investment Account and Portfolio Management RFP issued by a state entity managing multiple investment funds and plans. The RFP addresses system requirements for investment accounting and portfolio management across multiple fund types including SMRS, the Lottery, and the Education Trust, serving approximately 517,000 members. The document responds to four key vendor inquiries regarding accounting standards, general ledger data requirements, tracking scope, and transaction counter functionality. The solicitation requires vendors to understand that the state applies GAAP-basis accounting without the need for income statement or balance sheet generation, and that data submitted to the general ledger should be at the pool or fund summary level rather than individual trade or member detail.

The accounting system must track transactions at the fund level rather than the individual member level and should include summary-level transactions for funds with specific investments rather than detailed transaction records. For reporting purposes, the system must provide a counter of all transactions posted, with the counter based on a predetermined time period. The general ledger receives summary-level transactions at the pool level, with individual investment details not transmitted for funds with specific investments. These requirements establish the foundational system specifications for vendors responding to the investment portfolio management opportunity.