HomeMy WebLinkAbout2024-08-05 Resolution 2024-322_GASB 87 Lease Tracking Agreement RenewalTHE CITY OF WAUKEE, IOWA
RESOLUTION 2024-322
APPROVING RENEWAL FOR FIFTH ASSET, INC. d/b/a DEBTBOOK
IN THE NAME AND BY THE A UTHORITY OF THE CITY OF WA UKEE, IOWA
WHEREAS, the City of Waukee, Iowa is a duly organized municipality within Dallas
County; AND,
WHEREAS, the Governmental Accounting Standards Board issues Statements to
improve accounting and financial reporting for governmental entities; AND,
WHEREAS, GASB Statement 87 Leases was implemented during FY2022 utilizing a
subscription service with Fifth Asset, Inc. d/b/a DebtBook; AND,
WHEREAS, GASB Statement 96 Reporting for Subscription Based Information
Technology Arrangements was implemented during FY2023; AND,
WHEREAS, staff is recommending entering a three year agreement for continuation of
the subscription services with Fifth Asset, Inc. d/b/a DebtBook;
NOW THEREFORE BE IT RESOLVED by the City of Waukee City Council in
session this 56' day of August, 2024, that it hereby approves a multi -year Agreement for
DebtBook with Fifth Asset, Inc. with a total cost of $54,700.00, and directs the Finance
Director to sign Order Form Amendment.
Attest:
Rebecca D. Schuett, City Clerk
RESULTS OF VOTE:
AYE
R. Charles Bottenberg
X
Chris Crone
X
Rob Grove
X
Anna Bergman Pierce
X
Ben Sinclair
X
Courtney Clarke, Mayor
NAY ABSENT ABSTAIN