Budget Application Solution

The vendor is required to provide budget application system and invites vendors to provide information on Their systems and product for evaluation.
- Data management
a. Data entry
•    Need automated process to convert the past budget and actual financial data to upcoming fiscal year with the ability to create and edit those configurations. 
•    The new system should be able to handle all data related information within the system without the use of external applications. 
•    This includes internal formulas and adjustable budgetary frequencies. 
•    Allow entry of a budget target and track department progress toward that target. 
•    Ability to build a budget book, capital budget and a five-year capital plan.
b. Accounting functionality
•    Ability to match revenue and expenses.
•    Ability to budget personnel costs by position and reflect projected costs for each position based on actual review dates and current pay plans.
•    Ability to allocate the costs of a position to several different funding combinations.
•    ability to utilize multiple accounting funds and departments.
•    System provided method for making changes to budget line items and positions that are grouped by a common purpose such as program improvements or reductions.
c. Change groups
•    Ability to add, modify and delete change groups throughout the budget process based on security permissions.
•    Change groups should provide a required description to define the purpose.
•    Change groups should provide the ability to identify the performance-related impact as well as the revenue impact to any change made or proposed.
•    Change groups should be classified to reflect whether funding is assured or is being requested with the option to exclude it or include it in the budget throughout the process.

- Questions/Inquires Deadline: October 24, 2025