Lease Accounting Tool Exploration

[Acctg Portfolio Status 6.12.26]: Oracle tool evaluation in progress (owner: Peter). If Oracle tool doesn't meet biz requirements, can look at lease admin tool that Development team is looking at. Goal by YE will be to arrive on tool approval; implementation details + staffing depend on tool decision. Assumption that IT will provide validation support in Q4.

In early Q3, revisit capacity of accounting team to drive RFP in 2026. If capacity does not exist, defer to 2027.

Need to look at third-party applications. No work done yet. 7/1 earliest target for small RFP.

Need to look at third-party applications. No work done yet. 7/1 earliest target for small RFP.

Scope for 2026: explore.Scope for 2027: implement. Need to look at third-party applications. No work done yet. 7/1 earliest target for small RFP.

Scope for 2026: explore.Scope for 2027: implement.

Was approved previously assuming Oracle - will now need to run RFP + get it reapproved HC is on the list of budget requests Also need Development Support $200K placeholder for Lease accounting & admin software