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CC - (1) Approval of an Amendment to the Existing Professional Services Agreement with NBS Government Finance Group for Cost Allocation Plan and User Fee Study Services in an Amount Not-to-Exceed $34,020; and (2) Authorization to the Chief Financial Officer to Approve Additional Amendment(s) to the Agreement up to an Amount of $5,000 for Unanticipated Costs.
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Meeting Date: February 28, 2022
Contact Person/Dept: Erica Melton/Finance Department
Phone Number: 310-253-5865
Fiscal Impact: Yes [x] No [] General Fund: Yes [X] No []
Public Hearing: [] Action Item: [] Attachments: []
Commission Action Required: Yes [] No [x] Date:
Public Notification: (E-Mail) Meetings and Agendas - City Council (02/23/2022)
Department Approval: Lisa Soghor, Chief Financial Officer (02/23/2022)
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RECOMMENDATION
Staff recommends the City Council (1) approve an amendment to the existing professional services agreement with NBS Government Finance Group (NBS) for cost allocation plan and user fee study services in an amount not to exceed $34,020; and (2) authorize the Chief Financial Officer to approve additional amendment(s) to the agreement in an amount up to $5,000 for unanticipated costs.
BACKGROUND
A Cost Allocation Plan (CAP) is an analytical tool through which a city can apportion administrative or indirect services costs to individual departments or cost centers within its organization. Allocated costs are typically termed "citywide overhead." Most overhead/indirect service costs are those expenditures that provide support services or oversight to each department citywide and typically include legislative, managerial, financial, administrative, legal, personnel, technology, building and equipment use, and risk management activities. Information from the CAP also serves as the bases for user fees, permits and applications, billing rates, h...
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