Professional services agreement with Public Resource Management Group (PRM) to perform cost allocation preparation services. City of Culver City California City Council Agenda Item Report Meeting Date: 9/26/05 AGENDA ITEM: Award of a Professional Services Contract to Public Resource Management Group for the Preparation of Cost Allocation Plans. Item Number: C 7 Contact Person/Dept.: Mary V. Noller Budget & Finance Phone Number: (310) 253 6012 Fiscal Impact: Yes Public Hearing: Public Notification: Master Notification List (09/21/05) Transportation Department Public Works Redevelopment Agency General Fund: Yes X No Attachments: X X No Action Item: X Department Approval: Marlee Chang 9/15/05 CAO Approval: Scott Bixby for Jerry Fulwood 9/19/05 City Controller Approval: Marlee Chang 9/19/05 RECOMMENDATION: Staff recommends that the City Council award a three year contract to Public Resource Management Group (PRM) to perform cost allocation preparation services. BACKGROUND: A cost allocation plan is an analysis of the cost of providing central services and the derivation of formulas that will be used to allocate these by the General Fund to the Redevelopment Agency to the various enterprise funds and to the grant funds. The basis for the determination of the costs is time sheet notations made by the employees who render the central services. The allocation formulas are based on the number of transactions (such as the number of employees in a given function or the size of the budget of that function). The City had contracted with PRM for the preparation of the cost allocation plans for the first time last fiscal year. The professionalism of its consultants thoroughness of evaluation and quality work product were commented on by several staff members involved in the process. PRM also hosted a Cost Allocation 101 session for staff members to explain the process and answer questions staff had regarding the process. PRM is becoming a leading consultant in the cost allocation ...
Click here for full text