Case Study: City of Goodyear creates a single source of truth with DebtBook

Goodyear manages $456M in debt with DebtBook

The City of Goodyear, Arizona, faced a significant challenge in managing its $456 million in debt obligations. Its finance team, led by Celina Morris, was bogged down by numerous error-prone spreadsheets, making reconciliations and compliance with the GASB 87 accounting standard a difficult and time-consuming process. To eliminate these manual processes and create a single source of truth, the city sought a software solution and turned to vendor DebtBook.

DebtBook provided a unified platform to efficiently organize and manage the city's debt and leases. The solution streamlined reporting, simplified GASB 87 compliance, and gave all stakeholders on-demand access to documents. By partnering with DebtBook, the City of Goodyear transformed its financial information silos into a single source of truth, which standardized data, improved compliance, and streamlined its financial processes.