Requested Agenda Date:
6/3/2025
Requested Agenda Title:
Budget Adjustment: Library Services Requests to Shift $316,988 from Operations to Debt Services for GASB 96 - Subscription-Based Information Technology Agreement (SBITA) for the Solodev System, Which Reports the Inception of the Right to Use the Vendor Software, Along with Associated Payments, on the Correct Line Item on the 2024 Annual Comprehensive Financial Report (ACFR)
Requested Agenda Item Description: Required accounting entry for GASB Statement No. 96- SBITA which reports the inception of the right to use the vendor software, along with associated payments, on the correct line item on the 2024 ACFR for fund 360.
Requested Action: Discussion - Vote Needed
Presenter(s) (with titles): Hoa Nguyen, Council Budget and Policy Analyst
Time Needed: Less than 5 MINS
Is this Item Time-Sensitive and/or Requesting a Time-Certain? No
Requesting Staff Member: Robin Chalhoub, Community Services, Department Director
Are Supporting Documents Needed for this Agenda Item Request? Yes