Approval of a Professional Services Agreement with MGT of America Inc to Provide Full Cost and OMB 87 Compliant Cost Allocation Services. City of Culver City California Agenda Item Report Item Number: C 5 Meeting Date: 12/14/09 CITY COUNCIL AGENDA ITEM: Approval of a Professional Services Agreement with MGT of America Inc to Provide Full Cost and OMB 87 Compliant Cost Allocation Services Contact Person/Dept.: Nick Kimball Sr. Management Analyst Fiscal Impact: Yes X No General Fund: Yes X No Phone Number: 310 253 6013 Public Hearing: Action Item: X Attachments: Commission Action Required: Yes No X Date: _______________ Public Notification: (Email) Meetings and Agendas City Council (12/09/09); (Email) Capital Accounting Partners (12/09/09); (Email) FCS Group (12/09/09); (Email) Mahoney & Associates Consulting (12/09/09); (Email) Maximus (12/09/09); (Email) MGT of America Inc. (12/09/09); (Email) Willdan Financial Services (12/09/09) Department Approval: Mark Scott (12/10/09) Chief Financial Officer Approval: Mark Scott (by M. Noller) (12/10/09) City Attorney Approval: Carol Schwab (by H. Baker) (12/09/09) City Manager Approval: Mark Scott (12/10/09) RECOMMENDATION: Staff recommends that the City Council approve a professional services agreement with MGT of America Inc to provide full cost and OMB 87 compliant cost allocation services. BACKGROUND: As part of the budget process each fiscal year a cost allocation plan (Plan) is prepared to help determine the cost of services provided between funds and then allocate those costs via administrative charges and reimbursements between the affected City funds. The City charges approximately $5.5 million for support services provided by the General Fund to the Enterprise funds Redevelopment Agency and other special revenue funds. The Plan provides a defensible methodology for allocating various administrative support costs from the General Fund to the Redevelopment Agency and Enterprise funds and is reviewed by the City s audit...
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