CONTRACT 5360A Amendment Agreement No. 5360A
FIRST AMENDMENT TO
PROFESSIONAL SERVICES AGREEMENT NO. 5360
BETWEEN THE CITY OF EL SEGUNDO AND
REVENUE & COST SPECIALISTS,LLC.
THIS FIRST AMENDMENT("Amendment") is made and entered into this 1 st day of October,
2018, by and between the CITY OF EL SEGUNDO, a general law city and municipal corporation
existing under the laws of California("CITY"), and REVENUE& COST SPECIALISTS, LLC., a
limited liability corporation("CONSULTANT"). The parties agree as follows:
1. Pursuant to Section 35 of Agreement No. 5360 ("Agreement"),the term of the
Agreement described in Section 8 is extended retroactively to July 1, 2018 to September
30, 2019.
2. Section 1 (C) is amended to read as follows:
"As additional consideration, CITY agrees to pay CONSULTANT a sum not to
exceed Eleven Thousand Dollars ($11,000.00) for CONSULTANT's services
through September 30, 2019. CITY may modify this amount as set forth below.
Unless otherwise specified by writing agreement to this agreement, CITY will pay
this sum based on the hourly rates specified in the attached Exhibit"A",which is
incorporated by reference."
3. This Amendment may be executed in any number of 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. 5360 will remain the same.
[SIGNATURES ON FOLLOWING PAGE]
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Agreement No. 5360A
IN WITNESS WHEREOF the parties hereto have executed this Amendment the day and
year first hereinabove written.
CITY OF l SEGUNDO REVENUE & COST SPECIALISTS, LLC., a
limited liab` ity Corporation
Greg Carp ter, Eric S. Jolu S'11
City Mar ger Vice l'r~eside'r�
ATT Ila
Taxpayer ID No.
33-0787781
Trac % er°,
City Clerk
APPROVED AS TO FORM:
for /M
Mark D. Hensley,
City Attorney
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Agreement No. 5360A
r Exhibit A
evenue
s
ci lists LLC
Serving Local Govei-nments Since 1975
March 21,2018
Mr.Joseph Lillio, Finance Director
City of EI Segundo
350 Main Street
EI Segundo, CA 90245
Dear Joe,
We thoroughly enjoyed working with you and the EI Segundo team on the Cost Allocation Plan and User
Fee Study. Nearing the completion of our project, we believe it is important to make plans and build on
these initial efforts. We propose the following service options to allow the City to annually update the
current data in future years:
Update Cost Allocation Plan......................................................................................................$6,000
This would include updating the costs and the allocation factors to calculate current and defensible
administrative overhead costs. This will allow the City to correctly charge other funds and departments
for general administration.
x Update Cost Allocation Pian and Fully Allocated Hourly Rates....................................................$8,000
This would include the calculation of updated fully allocated hourly rates for all positions in the City,which
can then be used for billing purposes or the creation of new services. This will also include a recalculation
of the service costs based on these updated fully allocated hourly rates.
AddNew Service Fees..................................................... ............................$1,000 per every 10 fees
Working with staff, we would identify the time for potential new fee services and identify a fee
recommendation for each new service. For the costs to be based on the most current costs,the above
options to update the CAP and the Hourly Rates are needed.
xFee Collection Audit..................................................................................................................$3,000
To insure that each department is collecting the most current fee and coding the information to the
correct account,we will perform an audit on these practices and recommend any needed changes.
Internet: www.revenuecost.com
Voice 714.992.9020 1519 E. Chapman Avenue s Suite C a Fullerton. CA 92831 Fax 714.992.9021
Agreement No. 5360A
Additional Services
In addition to the above services, RCS also offers Development Impact Fee Calculation(Capital Fees) and
Special Accounting or Operational Studies.
Aside from these services,all of us at Revenue and Cost Specialists will be happy to discuss any municipal
finance questions you may have in the future. The City of EI Segundo is off to a good start,and we would
like to have an ongoing relationship with the City.
The prices quoted above are good until December 31,2018.
We took forward to assisting the City of EI Segundo as it seeks to maximize its cost recovery.
Sincer ly,
Eric S �o ins�an
presid n