Requested Agenda Date:
3/26/2024
Requested Agenda Title:
Title
Budget Adjustment: This is a 2023 post year-end budget adjustment. Youth Services requests an appropriation unit shift of $93,786 from personnel to capital expenditures to recognize Subscription-Based Information Technology Arrangements (SBITA) capitalization for Time Clock Plus subscription in order to comply with the SBITA requirement in Governmental Accounting Standards Board (GASB) 96.
Body
Requested Agenda Item Description: Technical Adjustment to recognize SBITA capitalization for Time Clock Plus Subscription per MFA.
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: Kelly Colopy, Department Director, Human Services
Are Supporting Documents Needed for this Agenda Item Request? Yes