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MISCELLANEOUS RESOLUTION #01240 September 20, 2001
BY: FINANCE COMMITTEE, SUE ANN DOUGLAS, CHAIRPERSON
IN RE: MANAGEMENT AND BUDGET/FISCAL SERVICES - ENHANCEMENT TO THE
FINANCIAL SYSTEM FOR GASB 34 IMPLEMENTATION
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Chairperson, Ladies, and Gentlemen:
WHEREAS the Governmental Accounting Standards Board (GASB)
Statement No. 34, Basic Financial Statements - and Management's
Discussion and Analysis - for State and Local Governments, has changed
the structure and content of state and local government financial
reports, signifying the biggest change in the history of public-sector
accounting and financial reporting; and
WHEREAS, since it is a large government entity with total
revenues exceeding $100 million, Oakland County is required to
implement the new reporting requirements of GASB Statement No. 34 for
the fiscal year ending September 30, 2002; and
WHEREAS the financial system can be enhanced with the query and
ad-hoc reporting capabilities available through the data warehouse,
which requires the development of subject-oriented data marts to
extract the data from the KPMG Performance Series financial system; and
WHEREAS the cost for professional services and software license
and maintenance fees is estimated to be $273,000 to extract the
required accounting information; and
WHEREAS the accounting information is core to the goal of
achieving a total Fiscal Services data warehouse to provide integrated
end user access to all facets of the KPMG Performance Series system
data as identified in the Information Technology Strategic Plan; and
WHEREAS sufficient funding was set aside in the Designated Fund
Balance at the close of Fiscal Year 2000 in anticipation of needed
financial system enhancements related to GASB Statement No. 34.
NOW THEREFORE BE IT RESOLVED that the Oakland County Board of
Commissioners appropriates $250,000 from the Designated Fund Balance
for Financial System Enhancements to be utilized for enhancements to
the KPMG Performance Series financial system.
BE IT FURTHER RESOLVED that the $250,000 be transferred to the
Information Technology Fund.
Chairperson, on behalf of the Finance Committee, I move the
adoption of the foregoing resolution.
FINANCE COMMITTEE
FINANCE COMMITTEE:
Motion carried unanimously on a roll call vote with Friedman Appel and
Melton absent.
Resolution #01240 September 20, 2001
Moved by Coleman supported by Patterson the resolutions on the Consent
Agenda be adopted (with accompanying reports being accepted and appointments
being confirmed).
AYES: Causey-Mitchell, Coleman, Crawford, Dingeldey, Douglas,
Galloway, Garfield, Gregory, Law, McPherson, Melton, Millard, Moffitt, Moss,
Palmer, Patterson, Sever, Suarez, Taub, Webster, Amos, Appel, Brian, Buckley.
(24)
NAYS: None. (0)
A sufficient majority having voted therefore, the resolutions on the
Consent Agenda were adopted (with accompanying reports being accepted and
appointments being confirmed).
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' HEREBY E !:-OREGOING RESO°
'41
Date 80/1. County EAocutiv(?
STATE OF MICHIGAN)
COUNTY OF OAKLAND)
I, G. William Caddell, Clerk of the County of Oakland, do hereby certify that the
foregoing resolution is a true and accurate copy of a resolution adopted by the
Oakland County Board of Commissioners on September 20, 2001 with the original
record thereof now remaining in my office.
In Testimony Whereof, I have hereunto set my hand and affixed the seal of the
County of Oakland at Pontiac, Michigan this 22%h day/Of September, 2001.
G. William Caddell, County Clerk