CONTRACTPENDING

University Plans Lease Accounting Software Procurement

University of Minnesota Board of Regents | State of Minnesota logoUniversity of Minnesota Board of Regents | State of Minnesota
Document date
Dec 16, 2021

The 30-second brief

What it covers

The University of Minnesota is planning to procure new software, in collaboration with the Office of Information Technology, to support GASB 87 lease accounting implementation and tracking across numerous leases. The upcoming system will aid in accurate financial reporting as new accounting standards take effect.

Who holds it

Office of Information Technology holds this technology contract with University of Minnesota Board of Regents | State of Minnesota. Its other public contracts on record include work for NJ Pinelands Commission and AL-State-Alabama State Board of Podiatry.

What happens next

Term as filed: Implementation targeted by fiscal year ending June 30, 2022 for leases and June 30, 2023 for SBITA.

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Contract details

Contract type
Technology
Document date
December 16, 2021
Term
Implementation targeted by fiscal year ending June 30, 2022 for leases and June 30, 2023 for SBITA
Source document
University of Minnesota Audit & Compliance Committee Report December 2021 (Report)

Office of Information Technology's other public contracts

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Questions about this contract

Who was awarded the technology contract by University of Minnesota Board of Regents | State of Minnesota?

Office of Information Technology was awarded this technology contract by University of Minnesota Board of Regents | State of Minnesota, as recorded on December 16, 2021.

What type of contract is this?

This is a Technology contract, documented as a report record.

Where was this contract approved?

This contract appears in University of Minnesota Audit & Compliance Committee Report December 2021 (Report), dated December 16, 2021 from University of Minnesota Board of Regents | State of Minnesota. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Office of Information Technology hold?

Office of Information Technology may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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