H.B. 435 Summary

• Requires the Department of Budget and Finance, in consultation with the Department of Accounting and General Services and the Office of Enterprise Technology Services, to develop and procure a uniform financial database for all state agencies

• The new database shall be based on the Caspio Enterprise system currently used by the Department of Education, which tracks capital improvement projects and integrates financial data including budgets, appropriations, scheduling, contractor documentation, and payment transactions

• Appropriates funds from general revenues for fiscal years 2021-2022 and 2022-2023 for the development and procurement of the uniform financial database (specific dollar amount not filled in)

• The uniform database is intended to improve government accountability and transparency, consolidate data from multiple existing systems into a single system of record, and normalize disparate accounting practices across state agencies

• Takes effect on July 1, 2021