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Ordinance Increases Interfund Loan for Seattle's Human Capital Management System to $13.2 Million

  • When: 2025/07/15
  • Address: Citywide, Seattle, WA
  • City: Seattle
  • State: WA
  • Category: Contract
  • Subcategory: Contract Amendment
  • Subcategory-Type: Extension
  • Asset Class: Land
  • Size (Dollars): $13,200,000

This ordinance relates to the financing of the Human Capital Management System (HCMS) project, also known as 'Workday', which is a critical replacement of the City's aging Human Resource Information System (HRIS). The legislation amends Ordinance 127131 to increase an existing revolving interfund loan from $11,000,000 to $13,200,000. It also creates the 2026 Multipurpose LTGO Bond Fund to serve as a borrowing fund for this loan. The additional bridge financing is required to complete the implementation of the HCMS project, as cash flow requirements for 2025 exceeded initial estimates. The funds loaned by the Finance and Administrative Services Fund are anticipated to be repaid from the 2026 limited tax general obligation (LTGO) bond issuance. The project's total cost through 2030 is estimated at $63.4 million.

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