SUBJECT:
Action regarding financial management system software agreement with STW, Inc.
BACKGROUND/DISCUSSION:
The City has used financial management software provided by STW Inc. for many years. The City uses the base financial, utility billing, cash receipts, fixed assets, payroll, and purchase card functions, as well as the supporting tools and software. The attached agreement is for a five year period.
FINANCIAL IMPACT:
The financial impact is estimated to be $17,175 per year, the same as the current year. Funding for the agreement is included in the FY19/20 approved budget.
RECOMMENDATION:
Staff recommends approval of the financial management software agreement with STW, Inc. |