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OIT officials defend real‑time billing model after legislative staff flag large fund balance
Summary
OIT and Legislative Council staff discussed how the Office of Information Technology bills agencies, the IT revolving fund balance and steps to avoid over‑collecting. Staff said the state will use the FY26 supplemental to lower a growing fund balance and that process changes should reduce recurring overcollection.
Colorado’s Office of Information Technology (OIT) described its “real‑time billing” approach and defended recent fund balances during a June 11 briefing to the Joint Technology Committee, while legislative staff and members pressed OIT for clearer forecasting and faster adjustments.
“OIT’s goal is to have a cost‑reimbursement approach,” said Alex Montz, OIT chief financial officer, who walked members through the year‑round process used to set and adjust rates. Montz described service strategy, a March rates-and-services review, agency utilization planning in June–July and a November 1 submission to the Office of State Planning and Budgeting as the main steps in producing OIT’s budget request.
Why this matters: OIT’s IT revolving fund grew faster than staff expected.…
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