CONTRACT 5226A CLOSED Agreement No. 5226A
Agreement No.5226A
FIRST AMENDMENT TO
AGREEMENT NO.5226 BETWEEN
THE CITY OF EL SEGUNDO AND
MV CHENG & ASSOCIATES INC.
THIS FIRST AMENDMENT("Amendment's is made and entered into this 20th day of December
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 INC.,a
California Corporation("CONSULTANT").
1 Pursuant to Section 35 of Agreement No.5226("Agreement"),Section 1 of the Agreement
is amended to read as follows:
"I. CONSIDERATION.
A. As partial consideration,CONSULTANT agrees to perform the work
listed in the SCOPE OF SERVICES,below;
B. As additional consideration, CONSULTANT and CITY agree to abide by
the terms and conditions contained in this Agreement;
C. As additional consideration,CITY agrees to pay CONSULTANT an
additional Nine Thousand-Seven Hundred-Sixty-Five Dollars ($9,765)for
CONSULTANT's services not to exceed a total of Thirty-Three Thousand-
Seven Hundred-Sixty-Five Dollars($33,765)."Unless otherwise specified
by written amendment to this Agreement,CITY will pay this sum at the
hourly rates specified in the attached Exhibit"A",which is incorporated by
reference_
2_ 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.
3. Except as modified by this Amendment,all other terms and conditions of Agreement No.
5226 remain the same.
(SIGNATURES ON FOLLOWING PAGE]
1
Agreement No. 5226A
Agreement No.5226A
IN WITNESS WHI✓REOF the parties hereto have executed this contract the day and year
first hereinabove written.
CITY 0,," "L S ^ 3UNDO MV CHENG& ASSOCIATES INC,
reg rpent misty
ity I^ ana g r President&0"10
Taxpayer ID No. 47-2730529
cy WIN er"",
dty Clerk
Z'
APPROVED AS TO FORM.
By:
4
lf)
Mark D.klensl y Attorney
2
A/A N ��y�- � _ Agreement No. 5226A
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1I V C.I I EN O &ASS(?C I. rii,s
Municipal Value Consultants
October 3,2016
City of E Segundo
350 Main St.
El Segundo, CA 90245
Dear Mr. Lillio:
Please accept this letter as MV Cheng&Associates Inc.'s proposal to your request for accounting
services for the City of El Segundo.
My firm, MV Cheng&Associates Inc.,operates as an incorporated business within the State of
California,with my associates being sub-contractors of the firm. Having 20 years of experience in
municipal auditing,accounting, and finance in several cities, large and small,has allowed me to be able to
lend my expertise as a finance director to cities in need of financial help. I have served as Director of
Finance and Director of Finance and Administrative Services for several cities. Currently, I serve as the
Interim Finance Director for the City of Camarillo and the contract Finance Director for the City of
Adelanto and City of San Marino. In addition to the cities I serve personally, my sub-contractors have
worked in several cities on short and long term assignments ranging from Account Clerk, Accountant,
Senior Accountant, and Accounting Manager as well as serving on a long term basis as contract staff.
Myself, as well as all of my sub-contractors are former employees of municipal government agencies.
We bring a wealth of knowledge and expertise to our city clients, with a level of professionalism and
understanding of the culture of the political and city office environments.
With respect to the accounting services requested,below are the rates for each position.
Finance Manager$105
Revenue Manager$90
Budget/Payroll Supervisor$80
Accounting Supervisor$80
Senior Accountant$75
Accountant$65
Junior Accountant$45
Account/Payroll Technician$45
Account Clerk/Specialist$35
MV Cheng&Associates Inc., is a unique firm in that it employs predominantly only former city/special
district employees to work as sub-contractors in various cities on either a temporary/interim basis to long
Agreement No. 5226A
term contract staff, We bring a wealth of municipal knowledge and expertise in financial accounting that
only city employees possess,yet we are consultants that can fill a void or bring change and improvement
to a city's finance department. Some of the sub-contractors are retired, some are in between full time
positions. Should a sub-contractor find a potential full-time position with the City,no additional fee
would be charged to convert the sub-contractor to be an employee of the City after expiration of the
contract between the City and MV Cheng&Associates Inc. The goal of MV Cheng& Associates Inc, is
not to make a huge profit, but to help cities with their needs in the finance department at competitive
rates. Thus, MV Cheng& Associates Inc. are Municipal Value Consultants!
Thank you for taking the time to consider my proposal for accounting assistance for your City. Should
you have any further questions,please do not hesitate to contact me at(925) 963-9996 ore ail me at:
Sincerely,
Misty V. Cheng
President&CEO