Rowan County received proposals for GASB 87 Software on December 2, 2021. A committee of finance, purchasing, IT and internal auditor staff scored the proposals and Fifth Asset dba Debt Book was selected to provided needed software for tracking leases related to GASB 87 rules. The initial cost was $22,750. This software is now needed to help with GASB 96 SBITA related to technology agreements. Finance would like to continue use of the software and has gotten the below pricing.
FY23 Year 1 $24,000
FY24 Year 2 $25,000
FY25 Year 3 $30,000
The FY23 pricing includes implementation of the new GASB 96 SBITA items into the software.
Attached quote from Debt Book for year 1 and 2 for $49,000 total. Year 3 will not be discounted and therefore will be $30,000.
Recommendation: Board of Commissioners authorize County Manager to approve amendment to contract with Fifth Asset dba Debt Book for additional services over 3 years not to exceed $79,000.
| | |