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2023 thru 2027 <br />Department Finance <br />City of Elk River, Minnesota Contact Finance Director <br />Project # TFN-01 Type Technology <br />Useful Life Unassigned <br />Project Name Financial Software Category Software <br />Description <br />Update financial software to improve technology efficiences, structured workflows, and integration flexibility with other applications <br />Justification <br />Me current financial software is approaching 15 years old and is in need of updating to take advantage of newer technology enhancements and <br />workflows to improve efficiencies in the financial management of the city. <br />Expenditures 2023 2024 2025 2026 2027 Total <br />Software/Hardware 200,000 200,000 <br />Total 200,000 200,000 <br />Funding Sources <br />Capital Reserve-Undesignated <br />2023 <br />200,000 <br />2024 <br />2025 2026 <br />2027 Total <br />200,000 <br />Total 200,000 200,000 <br />2023-2027 CAPITAL IMPROVEMENT PLAN <br />