AGENDA TITLE:
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Adopt a Resolution Authorizing Interim City Manager to Execute Amendment No. 1 to SAAS Services Agreement with IGM Technology, of Toronto, Canada, to Provide Automation Services for the Annual Comprehensive Financial Report (ACFR) Adding Funds ($82,000) For A Total Contract Not to Exceed $110,000 (FIN)
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MEETING DATE:
April 3, 2024
PREPARED BY:
Melissa Munoz, Accounting Manager
recommendation
RECOMMENDED ACTION:
Adopt a resolution authorizing Interim City Manager to execute Amendment No. 1 to SAAS Services Agreement with IGM Technology, of Toronto, Canada, to provide automation services for the Annual Comprehensive Financial Report (“ACFR”) adding funds $82,000 for an amount not to exceed $110,000.
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BACKGROUND INFORMATION:
IGM is a cloud-based solution that was designed specifically for the government sector automating financial report publishing.
On January 11, 2023, the City entered into a SAAS Services Agreement with IGM Technology to provide ACFR Automation Services. This allowed the City to produce highly formatted reports for the ACFR ending June 30, 2023, without the need of a professional designer.
Staff now recommends extending the contract and adding funds in the amount of $82,000, for a total contract not-to-exceed $110,000.
STRATEGIC VISION:
3A. Fiscal Health: Promote City's transparency & fiscal fluency.
FISCAL IMPACT:
Funding for this contract is included in the Fiscal Year 24 budget.
FUNDING AVAILABLE:
General Fund 10020202-72450.
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Melissa Munoz
Accounting Manager
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Jeff Berkheimer (for Andrew Keys)
Acting City Manager/Electric Utility Director