New Mexico State Treasurer’s Office: Financial Literacy Services to Foster Children
The New Mexico State Treasurer’s Office (STO) seeks to establish a contract for the procurement of financial literacy and other related services to foster children for the fiscal year ending on June 30, 2020. Children who are in foster care are less likely to receive a high school diploma and therefore have trouble becoming and remaining employed. They are more likely to be homeless and experience early parenting than their peers. The costs of these negative outcomes are large and lead to a greater dependence on government programs, perpetuating the cycle of poverty. Reducing these costs to society can be accomplished by narrowing and/or closing the gap between youth in foster care or homeless and their general population peers.
The scope of work includes:
- Establish a program to perform financial literacy training for foster children.
- Develop and implement a foster child referral process.
- Develop relationships with the Children, Youth and Families Department (CYFD) or other referring entities. Contractor must identify potential referring entities. Implement a process to create, maintain, and grow a professional relationship with these entities and address any barriers that may arise.
- Develop a process to maximize the number of children that participate and complete the program.
- Develop monthly reports that document the improvement in children’s knowledge of financial literacy.
- Develop monthly reports of the geographical regions served. Develop a plan to provide access to the program statewide. Document outreach efforts made by your organization to facilitate attendance for rural and underserved areas within New Mexico.
- Develop monthly reports of staff or subcontractors that are providing actual training. Include number of classes conducted and number of children trained.Contractors that have or could have primary custody of children for at least twenty hours per week are required to comply with 8.8.3 of the New Mexico Administrative Code (NMAC) requiring background checks on any employee, staff, volunteer, or student intern that has direct care responsibilities or potential unsupervised physical access to clients. Additionally, all Information Technology (IT) contractors are required to have a background check. The Contractor must submit to CYFD Agency Background Check Unit fingerprint cards and the appropriate fee for such employees, volunteers, or staff required to have background checks. CYFD Agency Background Check Unit will conduct nationwide, state, and abuse and neglect background checks on required employees, staff, or volunteers in accordance with 8.8.3 NMAC standards. A CYFD eligibility letter must be in the Contractor employee’s, staff members, or volunteer’s personnel file prior to that individual having any unsupervised direct contact or unsupervised potential access to clients.
- As approved by the Agency, provide an annual client satisfaction survey that includes children who are receiving services and CYFD or other referring entities’ staff that are making the referrals.
Amount: Contract award for up to four years.
Eligibility: An Offeror is defined as any person, corporation, or partnership who chooses to submit a proposal.
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