Agenda #: 5.4
Meeting Date: December 20, 2022
TO: Honorable Mayor and Members of the City Council
FROM: Daniel Fox, City Manager
TITLE: FOURTH AMENDMENT TO THE CONSULTING SERVICES
AGREEMENT WITH MV CHENG & ASSOCIATES, INC. FOR
TEMPORARY ACCOUNTING STAFFING SERVICES THROUGH JUNE
30, 2023.
STRATEGIC
GOAL: Responsible Stewardship of Public Resources
RECOMMENDATION:
Approve, and authorize the Mayor to sign, the Fourth Amendment to the Consultant Services Agreement with M.V. Cheng & Associates, Inc.
FINANCIAL IMPACT:
The Fourth Amendment would increase the total not-to-exceed compensation under the Agreement by $36,000 for a total of $221,000. Sufficient funds are available in the FY 2022/23 operating budget to cover the cost of such services.
BACKGROUND:
In addition to multiple external audits and ongoing financial reporting, there are many complex and routine tasks that must be completed by the Finance Department on a regular basis. The Department is requesting on-going support from contracted temporary accounting staff to maintain timely reporting and assistance to internal departments and external stakeholders.
The previous First Amendment to the Consulting Services Agreement extended the notto-exceed amount by $60,000 for a total of $105,000. The Second Amendment increased the not-to-exceed amount by $80,000 for a total of $185,000 and amended the scope of services to include a temporary Accounting Manager to assist the department. The Third Amendment extended the term of the agreement through June 30, 2023. The proposed Fourth Amendment increases the not-to-exceed amount by $36,000 for a total of $221,000 and is based on required work efforts from January 2023
through June 2023 for one Accounting Manager.
LEGAL REVIEW:
The City Attorney has reviewed and approved the amended agreement as to form.
PREPARED BY:
REVIEWED BY:
Attachments:
1. 5.4.a FOURTH AMENDMENT TO CONSULTANT AGMT - MV CHENG ASSOC