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CONTRACT 4939A CLOSEDAmendment 4939A FIRST AMENDMENT TO AGREEMENT NO. 4939 BETWEEN THE CITY OF EL SEGUNDO AND MV CHENG & ASSOCIATES, INC. THIS FIRST AMENDMENT ( "Amendment ") is made and entered into this 16th day of June 2016, by and between the CITY OF EL SEGUNDO, a general law city and municipal corporation existing under the laws of California ( "City "), and MV CHENG & ASSOCIATES, a California corporation ( "Consultant "). The City and Consultant entered into Agreement No. 4939 ( "Agreement "), dated November 4, 2015, for on -call finance, administration and accounting services. 2. Pursuant to Section 32 of the Agreement, the parties desire to amend Exhibit A to the Agreement, in particular the "Proposed Hourly Rates for MV Cheng & Associates" exhibit. The parties desire to delete "Fiscal Services / Accounting Manager $95" from the list of positions and rates, and replace it with "Finance Manager $105." 1 This Amendment may be executed in any number or counterparts, each of which will be an original, but all of which together constitutes one instrument executed on the same date. 4. Except as modified by this Amendment, all other terms and conditions of Agreement No. 4939 remain the same. CITY OF EL GUNDO X red lHe penter, City Manager Cimt /1C I eVrtM APPROVED AS TO FORM: Ma�. D. w Hensley, City Attorney MV CHENG & ASSOCIATES, INC.. VftN ri�tlry�pH"y M �4ry'� By Misty Ch ng,�" President and CEO Amendment 4939A PROPOSED HOURLY RATES FOR MV CHENG & ASSOICATES PROPOSED HOURLY RATES: Finance Director $110.00 Fisca4 --Ser vices /A a ing-- Mar ,tagef �$g5,- 0- -Finance Manager $105.00 Revenue Manager $85 Senior Account $75 Accountant $65 Junior Accountant $40 Account/Payroll Technician $35 Account Clerk /Specialist $30 Accounting Apprentice $20