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Balancing Act Software Suite for Budget Education, Engagement, and Transparency <br />November 2, 2021 <br />Page 2 <br />2 <br />1 <br />9 <br />0 <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 /> <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 <br />Year <br />Accounting Unit- <br />Account # <br />Fund <br />Description <br />Accounting Unit, <br />Account Description <br />Amount <br />FY 21-22 01110100-62300 General Fund FMSA- Management & <br />Support, Contract <br />Services <br />$15,000 <br />FY 22-23 01110100-62300 General Fund FMSA- Management & <br />Support, Contract <br />Services <br />$10,000 <br />FY 23-24 01110100-62300 General Fund FMSA- Management & <br />Support, Contract <br />Services <br />$10,000 <br />FY 24-25 01110100-62300 General Fund FMSA- Management & <br />Support, Contract <br />Services <br />$10,000 <br />FY 25-26 01110100-62300 General Fund FMSA- Management & <br />Support, Contract <br />Services <br />$10,000