Description
Title: Authorize an amendment to a contract for continued maintenance and support for the Advantage financial management system for Austin Financial Services with CGI Technologies and Solutions, Inc., to increase the amount by $4,800,000 for a revised total contract amount not to exceed $22,138,227. Funding: $600,000 is available in the Operating Budget of Austin Financial Services. Funding for the remaining contract term is contingent upon available funding in future budgets.
Summary
The City of Austin is considering an amendment to its contract with CGI Technologies and Solutions, Inc. for ongoing maintenance and support of the Advantage financial management system. This amendment proposes an additional $4,800,000, raising the total contract value to $22,138,227. The Advantage system is essential for all city departments, facilitating financial transactions, reporting, and various functions like accounting, budgeting, and asset management. The funding for this amendment includes $600,000 from the current fiscal year's budget, with future funding dependent on budget availability. The contractor is the sole provider for necessary maintenance and specialized support, highlighting the importance of this contract for the city's financial operations.