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Treasury seeks $50,000 for new public‑deposit reporting system as Microsoft Access is phased out
Summary
Treasury officials told the committee an obsolete Microsoft Access database underpins public‑deposit collateral reporting for 72 depositories; they requested a one‑time $50,000 software development investment so banks can submit collateral updates electronically and staff can reduce manual error and lag time.
State Treasury officials asked the Joint Appropriations Committee for a one‑time appropriation of $50,000 to build a new public‑deposit reporting system after the Bureau of Information and Telecommunication (BIT) advised that Microsoft Access-based tools will be unsupported after 2026.
Deputy Treasurer Jason Williams and treasury services manager Melissa Hall described the current process: banks email or fax collateralization data, a single treasury staff member manually updates a Microsoft Access file, and staff…
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