HomeMy WebLinkAboutPFM Synopsis 2020-22 ResolutionBOARD OF COUNTY COMMISSIONERS
COUNTY OF KITTITAS
STATE OF WASHINGTON
RESOLUTION NO.2O2O
A RESOLUTION ACKNOWLEDGING THE SERVICE SUBSCRIPTION AGREEMENT
BETWEEN KITTITAS COUNTY TREASURER'S OFFICE AND PFM FINANCIAL ADVISORS,
PLLC FOR THE USE OF SYNOPSIS SOFTWARE FROM 2020-2022
WHEREAS, Kittitas County Treasurer's Office (KCTO) has had a Professional
Services Agreement with PFM Financial Advisors, PLLC (PFM) since 2016 in which PFM
serves as the financial advisor to assist the Treasure/s office in developing and
implementing strategies to meet their short and longterm operations, financial
obligations, capital financing needs, and to render assistance with respect to debt
transactions; and
WHEREAS, KCTO wishes to enter into an agreement with PFM to subscribe to
their internally-owned and developed software program Synopsis, which is a budget
forecasting program that integrates with the functionalities of OpenGov, which the County
already owns; and
WHEREAS, the purpose of purchasing this software is to better enable the County
to plan and forecast for budget purposes large purchases and projects as well as easily
documenting and presenting feasibility studies and other research done pertaining to
revenues and expenditures; and
WHEREAS, PFM will provide all related initial and ongoing training and will handle the
initial and annual data importations themselves; and
WHEREAS, other County Offices and Departments could also use this data for their own
specific planning and forecasting needs; and
WHEREAS, the initial cost is a one-time implementation fee of $5,000 and annual
subscription costs of $9,500, cancellable at any time. These costs are already included in
our approved 2O2O budget.
NOW, THEREFORE, BE IT RESOLVED AND IT IS HEREBY ORDERED, ThAt
the Agreement between Kittitas County Treasurer's Office and PFM Financial Advisors,
PLLC is adopted.
ADOPTED this
RESOLUTION
day of 2020
ATTEST
BOARD OF COUNTY COMMISSIONERS
KITTITAS COU NTY, WASH I NGTON
Chairman
Vice-Chairman
Commissioner
APPROVE AS TO FORM:
pher Horner,Prosecuting Attorney
tr Clerk of the Board- Julie Kjorsvik
n Deputy Clerk of the Board- Mandy Buchholz
RESOLUTION