134_State+Contract+Summary-Updated.docx

This document is a state contract summary for the State of North Dakota, specifically a Term Contract for ACFR (Annual Comprehensive Financial Report) Reporting Compilation, issued by the North Dakota Office of Management and Budget (OMB). The contract is awarded to Vertosoft, a software company located in Leesburg, Virginia, with the primary point of contact being Chet Hayes.

The contract provides a software-as-a-service solution designed to assist the North Dakota Office of Management and Budget and all state agencies in preparing their annual financial report 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. While specific pricing details are not provided in the document, the contract appears to be a comprehensive reporting tool that supports financial documentation and reporting standards across North Dakota's state government agencies.