Requested Agenda Date:
6/3/2025
Requested Agenda Title:
Budget Adjustment: Information Technology Division Request to Shift $159,127 from Debt Service to Operations for GASB 96 - Subscription-Based Information Technology Agreement (SBITA) Which Results in the Allocation of the Maintenance Portion of the Vendor Payment to Report on the Proper Line Item on the 2024 Annual Comprehensive Financial Report (ACFR) for the Microsoft Enterprise Agreement
Requested Agenda Item Description: Required accounting entry for GASB Statement No. 96- SBITA which results in the allocation of the maintenance portion of the vendor payment to report on the proper line item on the 2024 ACFR for fund 110.
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: Megan Hillyard, Administrative Services Department Director
Are Supporting Documents Needed for this Agenda Item Request? Yes