Title
A Resolution Approving Transfer of Funds and Payment of CAFR Online Implementation Fee
Summary
Finance is requesting the transfer of budget funds of $2,000 from 01-629-1015, IT Part-time Salaries, and $500 from 01-620-8080, Gen Gov Dues & Subscriptions, to 01-620-3500, Gen Gov Content Hosting to use CAFR Online to assist Finance personnel and Auditors with preparation of the City's Comprehensive Annual Financial Report. According to response by several randomly selected current users of CAFR Online, the automatic updating of changes throughout the document and the ability to share live information with auditors significantly reduces time spent and the margin for errors/omissions. A payment of $2,500 is due now to begin implementation. The second $2,500 implementation installment and the $2,500 annual service fee (fixed for five years) is due 3/31/2016 and will be included in the FY16 budget.
Budgetary Impact:
Non-Capital Item:
____ Budgeted under account #_______________ (discussion item)
__x__ Not budgeted, requesting transfer of $2,500___ from Account #_01-629-1015 $2,000 & 01-620-8080 $500__ to Account #_01-620-3500_.
____ Not budgeted requiring increase to account #___________ in the amount of $____________.
Capital - Departmental
____ Budgeted under account #______________ for $___________ and described in budget as __________________________________.
Additional amount needed, if any: Increase in budget of $_____________ OR, transfer of $___________ from Account #____________ to Account #_______________
____ Not Budgeted - account #____________ requires budget increase of $_____________.
Capital Project
In current year Capital Projects Plan:
_____ Yes, planned amount $___________, requesting $_________ as total project estimate, including contingencies, under account #_________________
_____ No, requesting $___________ as total project estimate, including conti...
Click here for full text