Requested Agenda Date:
9/17/2024
Requested Agenda Title:
Title
Budget Adjustment: Mayor’s Finance Requests an Appropriation Unit Shift of $159,152 from Operations to Capital Assets for Its Technology Subscriptions for the Financial Reporting Platform Used by the Accounting Division and the Interactive Budget Book Software Used by the Budget Team. Since Both of These Applications Have Been Classified as SBITAs, This Technical Adjustment is to Satisfy GASB 96 Requirements
Body
Requested Agenda Item Description: Workiva WDesk is a web based collaborative financial reporting platform used by our Accounting team to prepare financial statements.
ClearGov is a web-based Interactive Budget Book Software solution being implemented by our Budget team.
Both these applications have been classified as a SBITA and as such, require an appropriation shift from "Operations" to "Capital ".
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: Darrin Casper, Deputy Mayor of Finance and Administration/CFO
Are Supporting Documents Needed for this Agenda Item Request? Yes