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The Project’s objective is described in the Project vision and goals. The Project vision is to:
Implement a statewide financial management system that enforces standardization, acts as a scalable foundation to evolve as business needs change, and positions Florida for future innovation as it considers a true enterprise-wide solution.
Four solution goals have been identified to support the Project Vision:
The Florida PALM Project is planned to be a multi-phase project across nine years. The first release of functionality is scheduled for July 2021. The full timeline is located on the Project Timeline page.
Transactional fund values are sequentially numbered and follow the outlined structure of the COA design. If a fund, such as the Grants and Donations trust fund, has multiple agency users, the agencies are sorted by their OLOs and assigned sequential Florida PALM transactional fund values to represent each individual FLAIR Fund Identifier.
Agency’s current investment activities performed through CMS and the Treasury’s website will be performed in Florida PALM at the CMS Wave implementation.