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Council OKs $60,000 contract for Scenario financial‑modeling software
Summary
Norristown approved a three‑year, $60,000 contract with Scenario for financial‑modeling software to help evaluate large projects; staff said the product can show impacts on the municipality’s credit rating and was demoed for council in June.
The council on Aug. 5 adopted Resolution 26‑67, approving a three‑year contract with Scenario for financial‑modeling software with a total contract value of $60,000 ($20,000 per year).
A staff presenter told council Scenario was demonstrated at the June 16 meeting and highlighted the software’s ability to model impacts of large projects on the municipality’s fiscal position and its credit rating. Councilors expressed appreciation for the product’s utility when assessing future capital projects.
The council moved and approved the resolution by roll call. Staff signaled the contract is intended to support budgeting and project evaluation work; the presentation did not include specific vendor contract terms beyond the three‑year, $60,000 total figure and the presentation reference to the June demonstration.
