Finalcial Advisor

San Benito Consolidated Independent School District (SBCCISD) is seeking a Financial Advisor through a Request for Proposals (RFP-0225-FAS) to provide comprehensive financial advisory services for debt management and capital planning. The selected vendor will analyze existing financial resources, develop financing plans, guide the district through debt issuance processes, and assist with potential additional bonds and district tax notes. Key deliverables include reviewing debt structures, assisting with underwriter selection, preparing offering documents, securing credit ratings, coordinating with the Texas Education Agency and bond insurers, and ensuring SEC disclosure compliance. The evaluation criteria are extensive, with costing methodology weighted at 50 points, vendor reputation at 10 points, quality of services at 10 points, ability to meet district needs at 10 points, past relationship with district at 10 points, vendor location in Texas/employment at 5 points, and other factors at 5 points. The proposal submission deadline is February 25, 2025, at 3:00 PM CST, with an initial contract term from the date of award through October 15, 2025, and potential for two additional one-year extensions subject to Board of Trustees approval.

The RFP does not explicitly outline specific set-aside designations or restrictions for disadvantaged enterprises. The district serves 9,029 students with an annual budget of $131.6 million and intends to award the contract to a single firm. Interested vendors must submit comprehensive references, qualifications, and proof of required insurance coverage. While no incumbent vendor is mentioned, the district requires the selected financial advisor to have extensive experience in public school district financial consulting. Though a specific budget range is not disclosed, the complexity of services and the district's substantial annual budget suggest a significant potential contract value. Vendors will need to demonstrate expertise in educational finance, debt structuring, and regulatory compliance specific to Texas school district financial management.