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Finance director outlines Munis upgrade, IT needs, TIF balances and rising welfare costs

3478364 · May 24, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Finance Director Glenn Smith briefed the council on a planned transition to Tyler (Munis) financial software, increasing IT licensing and ADA website work, TIF district increments and a sharp rise in welfare shelter costs driven by limited shelter capacity.

Finance Director Glenn Smith told the Laconia City Council on May 20 that the city plans to replace its legacy budget and accounting spreadsheets with Tyler Technologies’ Munis system and that IT, licensing and cybersecurity costs are growing as the city expands digital services.

Smith said the new integrated financial system will replace a collection of interconnected spreadsheets that have been used for decades, and while the city‑wide go‑live date will come after implementation work, the change is expected to streamline accounting, budgeting, asset management and related workflows. He said the Munis deployment is for the city’s general fund and administrative systems; the water department and other enterprise funds may opt in later.

On information technology, Smith said IT…

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