GASB 87 Lease Management Software & GASB 96 Subscription-Based Information Technology Arrangement (SBITA) Management Software
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Description
The City of San Diego’s (“City”) Department of Finance is seeking a comprehensive software solution to support the management of the City’s leases and subscription-based IT arrangements. The City requires a lease management tool capable of effectively tracking, accounting for, and provide all necessary disclosures and reports for both lessee and lessor agreements in compliance with Governmental Accounting Standards Board (“GASB”) Statement No. 87 (“Leases”). Additionally, in accordance with GASB Statement No. 96, Subscription-Based Information Technology Arrangements (SBITA), the City requires a management tool capable of effectively tracking, accounting for and providing all necessary disclosures and reports for SBITA agreements. The City’s fiscal year runs from July 1 to June 30 and has a fiscal year 2026 adopted budget of $6.10 billion across 30 City departments. The successful respondent will have demonstrated experience implementing GASB 87 and GASB 96 in respect to local government accounting including but not limited to airport, information technology, and real estate agreements.
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