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Finance team plans vendor RFP for accounting system; city won’t budget uncertain cannabis tax revenue

City of Lakewood Finance Committee · December 9, 2024
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 Mahoney said the department will issue an RFP in 2025 to replace legacy finance and utility‑billing software with an enterprise package (target implementation 2026) and confirmed the city did not assume state adult‑use cannabis tax receipts in the 2025 budget because the timing and amounts remain uncertain.

Finance Director Mahoney told the Finance Committee that the department will run a formal RFP process to identify a replacement for the city’s aging financial/accounting software and to modernize utility billing and customer portals. She said the administration aims to select a vendor in 2025 with implementation likely in 2026.

Mahoney…

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