ACFR Reporting - OMB Only

The North Dakota Annual Comprehensive Financial Report (ACFR) Reporting multi-award vehicle is a specialized technology contract designed to provide a comprehensive Software as a Service (SaaS) solution for financial reporting across state agencies. Specifically, the contract enables North Dakota government entities to utilize the Wdesk platform for preparing annual financial reports in compliance with U.S. Generally Accepted Accounting Principles (GAAP) and the Government Finance Officers Association (GFOA) Certificate in Excellence in Financial Report Award Program. The contract's scope includes project kickoff, project management, gap analysis, system configuration, acceptance testing, training, implementation, and post-implementation support.

The contract is awarded to Vertosoft, LLC, a Limited Liability Company based in Leesburg, Virginia, and is administered by the North Dakota Office of Management and Budget (OMB). Originally executed on October 21, 2020, the contract has a total value of $294,357.00, with annual software license and subscription services starting at $52,500.00 and escalating to $61,418.00 by Year Five. The contract is currently set to run through February 15, 2026, with multiple renewal options already executed. Geographic coverage is statewide for North Dakota, and the contract type is a term contract with specific provisions for third-party risk management, enhanced insurance requirements, and potential future renegotiation after all renewal and extension options are exhausted.