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HomeMy WebLinkAboutItem 16 - Financial SoftwareMEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: BRUNO RUMBELOW, CITY MANAGER MEETING DATE: SEPTEMBER 16, 2025 SUBJECT: ANNUAL SOFTWARE CONTRACT FOR CLOUD FINANCIAL SYSTEM RECOMMENDATION: City Council to consider the approval of an annual contract for Open Gov/Ve rtosoft cloud financial system. FUNDING SOURCE: Funds are available in the General Fund (Fiscal Services) and Utility Enterprise Fund in an amount not to exceed $198,379. BACKGROUND: This item seeks approval for the annual software payment for the OpenGov cloud system (financials, budget & planning, and utility billing). This purchase will be made in accordance with an existing interlocal agreement with The Texas Department of Information Resources (DIR) as allowed by Texas Local Government Code, Chapter 271 and Texas Government Code, Chapter 791. Bids were taken by the Cooperative and a contract was awarded to Vertosoft. The Fiscal Services Department, IT staff, and Purchasing staff have reviewed the contract for departmental specification compliance and pricing, and determined that the contract would provide the best product and pricing for meeting the needs of the City.