TO: LINDA REICH, CITY MANAGER
FROM: KIM SAO, DIRECTOR OF FINANCE
SUBJECT
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Approve Contract Amendment No. 4 to the Professional Services Agreement with MV Cheng & Associates.
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RECOMMENDATION
Approve a contract amendment with MV Cheng & Associates increasing the not-to-exceed amount from $150,000 to $300,000 to provide interim financial consulting services; and authorize
the City Manager to execute all necessary documents on behalf of the City.
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FISCAL IMPACT
Sufficient funds are included in the Fiscal Year 2025-26 Finance Operating Budget.
CITY OF CHINO MISSION / VISION / VALUES / STRATEGIC ISSUES
The recommendation detailed above furthers the City's values and strategic issues that serve as key pillars on which identified priorities, goals, and action plans are built, by fostering:
* Positive City Image
* Responsible Long-Range Planning
Revenue: Click or tap here to enter text.
Expenditure: 1003000-41030
Transfer In: Click or tap here to enter text.
Transfer Out: Click or tap here to enter text.
BACKGROUND
In October 2024, the City entered into a Professional Services Agreement with MV Cheng & Associates to provide interim financial consulting services to support the Finance Department during the Director of Finance vacancy. The firm provided experienced municipal finance professionals to assist with higher-level departmental oversight and maintain operational continuity during the recruitment period.
The department has continued to experience staffing challenges due to vacancies in key positions, including the Finance Manager and Payroll Supervisor. These vacancies have created an ongoing need for technical and managerial support to maintain daily operations, financial reporting, and payroll processing, which has resulted in additional amendments to the original agreement.
ISSUES/ANALYSIS
MV Cheng & Associates has continued to provide highly qualified professionals who are familiar with the City's financial systems, processes, ...
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