City of Sacramento
City Council - 5PM Report
915 I Street Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2023-01238 10/3/2023 Consent Item 8.
Agreement: City of Sacramento Water Fund and Wastewater Fund Reviews File ID: 2023-01238
Location: Citywide
Recommendation: Pass a Motion authorizing the City Auditor to execute a Professional Services Agreement with Raftelis Financial Consultants for an amount not-to-exceed $215,000 to conduct reviews of the City of Sacramento's Water Fund and Wastewater Fund.
Contact: Jorge Oseguera, City Auditor, (916) 808-7270, [email protected], Office of the City Auditor
Presenter: None
Attachments:
1-Description/Analysis
2-Agreement
Description/Analysis
Issue Detail: This report seeks the City Council’s approval for the City Auditor to execute the attached professional services agreement with Raftelis Financial Consultants for an amount not-to- exceed $215,000 to conduct a review of the City of Sacramento’s Water Fund and Wastewater Fund.
These reviews will be managed by the Office of the City Auditor.
Policy Considerations: The City Auditor’s intent to conduct a review of the City of Sacramento’s Water Fund and Wastewater Fund is consistent with the City Auditor’s fiscal year (FY) 2023-24 Annual Work Plan.
Economic Impacts: None.
Environmental Considerations: None.
Sustainability: None.
Commission/Committee Action: On May 9, 2023, City Council approved the City Auditor’s FY2023-
File ID: 2023-01238 10/3/2023 Consent Item 8.
24 Annual Work Plan, which included the City of Sacramento’s Water Fund and Wastewater Fund Reviews.
Rationale for Recommendation: The Office of the City Auditor issued a Request for Proposals (RFP) on July 21, 2023. It is in the best interest of the City to enter into a contract with Raftelis Financial Consultants, determined to be the most responsive proposal received in the competitive bidding process, for an amount not-to-exceed $215,000.
Financial Considerations: The proposed agreement has a one-year term for a total not-to-exceed amount of $215,000. Sufficient funding is available in the Department of Utilities approved FY2023/24 operating budget. There are no General Funds allocated or planned for this project.
Local Business Enterprise (LBE): Raftelis Financial Consultants is not a local business.