TO: Committee of the Whole - Finance, Administration, and Communications
FROM: Mayor Angela Birney
DEPARTMENT DIRECTOR CONTACT(S):
Finance
Kelley Cochran
425-556-2748
Technology and Information Services
Michael Marchand
425-556-2173
DEPARTMENT STAFF:
Finance
Jay Freeland
Senior Business Systems Analyst
Technology and Information Services
Wanda Norman
Technology Project Manager
Technology and Information Services
Carmen Hall
Technology and Information Services PMO Manager
TITLE:
title
Finance BTIP Projects Update
OVERVIEW STATEMENT:
recommendation
Council will be provided with an update on two Finance BTIP projects: the Annual Comprehensive Financial Report (ACFR) and the KeyBank Automated Payables Project. The update will provide overviews of both projects, status updates, and highlights of each. The ACFR project update will cover ROI, and the KeyBank Automated Payables Project update will feature the upcoming project communication plan with vendors, along with a prototype of the new City Council Check Register Report.
body
? Additional Background Information/Description of Proposal Attached
REQUESTED ACTION:
? Receive Information ? Provide Direction ? Approve
REQUEST RATIONALE:
* Relevant Plans/Policies:
N/A
* Required:
N/A
* Council Request:
N/A
* Other Key Facts:
Finance and TIS provide periodic updates to Council regarding BTIP projects.
OUTCOMES:
Annual Comprehensive Financial Report (ACFR)
The ACFR is a detailed set of financial statements for the State of Washington that complies with the accounting standards set by the Governmental Accounting Standards Board (GASB). The City adopted Gravity/Clear Gov Software's ACFR builder to reduce manual work in preparing this report. It delivers financial savings, operational improvements, and most importantly risk reduction for the annual SAO audit process. Gravity/ClearGov implementation is complete, and the City has already begun realizing measurable financial and operational efficiencies.
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