Resolution No. (N.C.S.)
A Resolution of the City Council of the City of Salinas AUTHORIZING the INTERIM City Manager TO EXECUTE A second Amendment To An AGREEMENT WITH MV CHENG & ASSOCIATES, INC. FOR ACCOUNTING, FINANCIAL REPORTING, AND OTHER FINANCE-RELATED SERVICES Whereas, accounting, financial reporting, and budgeting are essential functions of the City of Salinas; and Whereas, due to several staff vacancies, the City’s Department of Finance, which is responsible for these functions, requires assistance in completing these tasks; and Whereas, MV Cheng & Associates, Inc. (“MV Cheng”) is qualified by experience and ability to perform accounting, financial reporting, and other finance-related services; and Whereas, on April 12, 2023, the City entered into a professional services agreement to receive such services from MV Cheng; and Whereas, the total cost of services provided by MV Cheng exceeded the agreement’s contract limit by nineteen thousand six hundred eighty-one dollars and twenty-five cents ($19,681.25); and Whereas, MV Cheng & Associates, Inc. is willing to perform accounting, financial reporting, and other finance-related services for the period July 1, 2023 through December 31, 2023, with an additional one-year option.
WHEREAS, the Salinas City Council approved payment of nineteen thousand six hundred eighty-one dollars and twenty-five cents ($19,681.25) to MV Cheng & Associates, Inc. for the cost of services previously provided to the City during Fiscal Year 22-23; and WHEREAS, the Salinas City Council authorized the City Manager to execute an amendment to a professional services agreement with MV Cheng & Associates, Inc. for accounting, financial reporting, and other finance-related services for the period of July 1, 2023, through December 31, 2023, with an additional one-year option, for an amount of fifty thousand dollars ($50,000).
NOW, THEREFORE, BE IT RESOLVED that the Salinas City Council authorizes the Interim City Manager to negotiate and execute a Second Amendment to the Professional Services Agreement with MV Cheng & Associates, Inc. (MV Cheng & Associates) for accounting and financial reporting services to increase the maximum compensation from $250,000 to $350,000 and exercise the option to extend the term one additional year through December 31, 2024.
Passed and approved this 9th day of January 2024, by the following vote:
Ayes:
Noes:
Absent:
Abstain:
Approved:
______________________________
Kimbley Craig, Mayor
Attest:
_________________________
Patricia M. Barajas, City Clerk
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