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Committee OKs three-year DebtBook contract to consolidate debt management and forecasting
Summary
The Financial Affairs Committee approved a three-year extension of the city’s hosted DebtBook service to consolidate outstanding-debt records and add a forecasting module; the move drew questions about rising costs from alderpersons but passed 7–1.
The Wauwatosa City Financial Affairs Committee approved a three-year contract extension with DebtBook on Jan. 21, 2025, to continue hosting the city’s debt-management software and to add a forecasting module intended to consolidate spreadsheets now used for future debt projections.
John Rajini, finance director, told the committee the city has used DebtBook for two years and that the software reduced the risk of errors from multiple spreadsheets managing monthly payments across more than a dozen bond issues. Rajini said the…
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