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            "text": "KENTUCKY STATE UNIVERSITY\nBoard of Regents",
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                    "text": "December 5, 2019",
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                    "text": "Approval of ADP Contract Extension",
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                    "text": "FROM:",
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                    "text": "FINANCE AND ADMINISTRATION",
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                    "text": "ACTION ITEM:",
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                    "text": "YES",
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            "text": "BACKGROUND: In March of 2018, the Board approved contract number 151901 for Managed Services with ADP. The University is requesting approval of a 2-year contract extension."
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            "text": "SUMMARY OF PROGRAMS/ACTIVITIES: ADP"
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            "text": "ALIGNMENT WITH STRATEGIC GOALS:",
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            "text": "Goal 3: Increase the University's Financial Strength and Operational Efficiency."
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            "text": "PROGRAM IMPLICATIONS: N/A"
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            "text": "FISCAL IMPLICATIONS: Due to increased payroll processing efficiencies we have negotiated a two-year contract extension with ADP. The contract cost is $265,000 annually which includes a 3% rate reduction with an annual cost savings of approximately $10,000.00. Additionally, we have negotiated two student paid internships with ADP."
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            "text": "RECOMMENDATION: Approval of two-year contract extension with ADP Payroll Services"
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