Lee and Ryan discuss IT license capitalization
Lee asks about IT license capitalization changes. Ryan explains certain licenses were re-evaluated and determined to be capital eligible, resulting in expense savings.
The plan included a similar change for IT license costs.
Can you explain the change there?
Capital eligibility versus expense.
Go ahead.
Yeah, so there are just certain licenses.
Licenses for IT tend to be an area where, depending on how long the license is going to last and actually what we're getting, there have been at certain times questions on whether or not certain licenses were capital eligible or had to be used operating funds.
So working with our IT.
Information Technology Bureau, we took a closer look.
look at the licenses and determine that there were more that could actually be part of the capitalization process and that resulted in expense savings.
Perfect.