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<br />Balancing Act Software Suite for Budget Education, Engagement, and Transparency <br />November 2, 2021 <br />Page 2 <br />such as those within the Capital Improvement Plan (CIP) and/or Community <br />Development Block Grant (CDBG) funding. <br />The Taxpayer Receipt app asks a few questions to generate an estimate of taxes <br /> paid and then creates a “receipt” showing how much a resident pays for each <br />service, which demonstrates the value of a service provided by the City. <br />The Balancing Act software is currently used by the cities of Corona (Tax Receipt & <br />Balancing Act) and Anaheim (Balancing Act). The annual subscription also includes an <br />unlimited subscription to Analytics, which provides detailed insight into who is using the <br />simulation and how they would balance tradeoffs, and Meeting Mode, which modifies <br />Balancing Act for use in face-to-face or online synchronous meetings. Onboarding <br />services and unlimited technical support are included. Balancing Act is a SaaS product <br />and requires no installation. <br />The annual subscription is $10,000 and a contingency of $5,000 has been included for <br /> any customization to meet the City’s reporting requirements. The projected completion <br />date is February 2022, with the plan to incorporate this communication/engagement <br />software suite in the upcoming fiscal year 2022-2023 budget development process. <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with this action. <br />FISCAL IMPACT <br />Funds are budgeted and made available in the following accounts for the specified year: <br />Fiscal Accounting Unit-Fund Accounting Unit, Amount <br />YearAccount #DescriptionAccount Description <br />FY 21-2201110100-62300General FundFMSA- Management & $15,000 <br />Support, Contract <br />Services <br />FY 22-2301110100-62300General Fund FMSA- Management & $10,000 <br />Support, Contract <br />Services <br />FY 23-2401110100-62300General Fund FMSA- Management & $10,000 <br />Support, Contract <br />Services <br />FY 24-2501110100-62300General Fund FMSA- Management & $10,000 <br />Support, Contract <br />Services <br />FY 25-2601110100-62300General FundFMSA- Management & $10,000 <br />Support, Contract <br />Services <br /> <br />