After 6 months of work, the City of Fishers and the accounting firm of Katz, Sapper & Miller have entered into a contract of up to $2.1 million for a 3-year project aimed at modernizing and automating the inner workings of city government.

Mayor Scott Fadness says if the firm meets all incentives in the pact, the city would pay out a maximum of $2.113 million over the 3 year span of this contract.  Without incentives, the base amount of the agreement is set at $1.76 million.

This is a “major, major undertaking for our organization,” according to the mayor.

Fadness called the current city financial system “antiquated” and will require an upgrade as the state requires municipalities to switch from a cash method of accounting to accrual. City budgeting is now done on Excel spreadsheets and needs to be modernized.

The mayor says this project will integrate and tie all the city’s systems together, allowing more data analytics by city staff.

Katz, Sapper and Miller will be the “solution architect” to get all this done for the city.

The Board of Public Works and Safety approved the contract at the meeting held Thursday morning.