Label
City-wide Cost Allocation Plan
Finance
Campbell (x1252)
Title
Authorizing the Mayor to enter into a contract for the development of a city-wide cost allocation plan; authorizing the expenditure of an amount not to exceed $19,800 from the General Fund; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
This ordinance authorizes the expenditure of funds for the development of a cost allocation plan. The 2021 approved operating budget under Finance Administration includes funding for this purpose. The proposed scope of this engagement includes a comprehensive review of the City's existing cost allocations for central service operations and the development of a cost allocation plan that aligns with government best practices and generally accepted accounting principles. The City will be provided with a model that can be used in future years and that is adaptable to changes in costs and in the organizational structure. A Request for Proposals was issued for this project and the Finance Department recommends entering into a contract with MGT of America Consulting, LLC (MGT) for this engagement, as MGT was determined to be the lowest and best proposer.
The fiscal impact of this ordinance is as follows:
- The total amount of funds requested: $19,800
- The expenditure budget line item: 1001-14100-1122001STDSTD
- New revenue generated (operational revenue, grants, if any): None
- Revenue budget line item (if any): None
- Are funds budgeted in the current fiscal year (yes/no)?: Yes
- Is this a capital project (yes/no)? No
- If yes, is it new or existing (new/existing)? new
- What section of the City's Strategic Plan does this support:
o Excellence in Basic Services (yes/no) yes
o Quality Community Investment (Livable City, Development) (yes/no) no
o Workplace Culture & Customer Service (yes/no) yes
o Environment (yes/no) no
Summary
NOW, THEREFORE, Be it ordained by the Council of the City of Toledo:
SECTION 1. That the Mayor is authorized to ...
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