HomeMy WebLinkAboutPFM Synopsis 2020-22 Staff ReportKITTITAS COUNTY
TREASURER’S OFFICE
AGENDA STAFF REPORT
AGENDA DATE: January 21, 2020
ACTION REQUESTED: Request to Acknowledge a Service Subscription Agreement
between Kittitas County Treasurer’s Office and PFM Financial Advisors, PLLC for the use
of PFM’s Synopsis software from 2020-2022.
BACKGROUND: Kittitas County Treasurer’s Office (Treasurer) 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 Treasurer in developing and implementing
strategies to meet our short and long-term operations, financial obligations, capital financing
needs, and to render assistance with respect to debt transactions.
The Treasurer 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. The County already owns OpenGov. The
purchase price and annual subscription fees are already included in the Treasurer’s approved
2020 budget.
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.
PFM will provide all related initial and ongoing training and will handle the initial and annual
data importations themselves. Additionally, other County Offices and Departments could also
use this data for their own specific planning and forecasting needs.
INTERACTION: The Kittitas County Prosecutor’s Office has reviewed and approved.
RECOMMENDATION: Request to Acknowledge a Service Subscription Agreement
between Kittitas County Treasurer’s Office and PFM Financial Advisors, PLLC for the use
of PFM’s Synopsis software from 2020-2022.
HANDLING: Please return one copy of the signed Resolution to the Kittitas County
Treasurer’s Office for our records.
ATTACHMENTS: PFM Synopsis contract, for reference.
LEAD STAFF: Heather Seibert, Finance Officer