Now that the first issuance of bond money – $16.9 million – has been deposited into Lake Havasu Unified School District’s bank account, district officials say they are spending the funds wisely.
The latest expenditure, of $130,000, was approved Tuesday.
The district has entered into a license and service agreement with Texas-based Tyler Technologies to provide accounting software, products and professional services which includes project management, training, benefits enrollment implementation, consulting and software installation services, said Michael Murray, LHUSD director of business services.
“The expenses of purchasing the software and utilizing Tyler Technologies’ professional services are one time fees associated with the initial setup and transitioning support,” Murray added.
The total cost of the contract, not to exceed $350,000, will be paid through a combination of bond money and additional district funds.
Although recurring fees are anticipated between $65,000 and $75,000 annually, the district expects, after the onetime costs are paid, to save approximately $100,000 annually over the current system.
The Tyler Technologies software and support services were recommended to the district following a forensic audit of LHUSD’s finances. The “vast” majority of the state uses this system, Murray said.
During the transition from old to new, Tyler Technologies will host the data, with LHUSD taking receipt in September 2018.