TO: LINDA REICH, CITY MANAGER
FROM: KIM SAO, DIRECTOR OF FINANCE
SUBJECT
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Contract Amendment No. 5 with MV Cheng & Associates.
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RECOMMENDATION
Approve Contract Amendment No. 5 with MV Cheng & Associates to increase the contract by $200,000, for a total not-to-exceed amount of $500,000, for as-needed financial consulting services, funded through salary savings, and authorize the City Manager to execute all necessary documents on behalf of the City.
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FISCAL IMPACT
Sufficient funding for the consultant is available through salary savings in FY 2025-26 and 2026-27, as these positions are already included in the adopted and proposed budgets, respectively; and are contingent upon City Council adoption of the FY 2026-27 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:
* Financial Stability
* 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 August 2024, the City entered into an agreement with MV Cheng & Associates to provide temporary executive-level financial support during a vacancy in the Director of Finance position. This support ensured continuity of operations within the Finance Department during the recruitment process.
Since that time, the Department has experienced four additional critical vacancies that have created operational gaps. In October 2024, the Fiscal Services Manager position became vacant, and the City again engaged MV Cheng & Associates to provide interim support; and this position remains unfilled. In August 2025, the Management Analyst retired, and the position has not been filled due to the Department undergoing a review of the existing positions and...
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