City of Arlington Staff Report Three-Year Contract for Lease and Subscription Based IT Accounting and Debt Management Software 2026-06-23
Arlington Approves $155K Software Subscription With Debtbook
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Description
The Arlington City Council authorized a three-year contract with Fifth Asset, Inc., dba Debtbook, for IT accounting and debt management software. The $155,925 agreement will be sourced through OMNIA Partners cooperative purchasing and supports compliance and debt portfolio management from July 25, 2026, to July 24, 2029.
Contract Details
Contract Amount
Not to exceed $155,925
Vendor
FIFTH ASSET INC DBA DEBTBOOK
Agency
Arlington Water Utilities, TX
Contract Type
TECHNOLOGY
Document Date
June 16, 2026
Contract Term
July 25, 2026 – July 24, 2029
Renewal Date
2029-07-24
Renewal Info
No auto-renewal terms specified; future years subject to budget approval. Contract obtained through cooperative agreement.
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