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CLEARSOURCE FINANCIAL CONSULTING
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Last modified
7/13/2022 8:48:24 AM
Creation date
9/4/2019 11:33:52 AM
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Contracts
Company Name
CLEARSOURCE FINANCIAL CONSULTING
Contract #
A-2019-136
Agency
Finance & Management Services
Council Approval Date
8/20/2019
Expiration Date
8/9/2020
Insurance Exp Date
12/9/2022
Destruction Year
2025
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a more stable, predictable charge for <br />service from year to year for users of each <br />internal service fund. <br />TASK 3,6 1 REVENUE REQUIREMENT <br />DETERMINATION <br />Accounting for the findings of each <br />previous forecast, ClearSource will identify <br />deficiencies in fund performance when <br />compared to total needs. Consultants will <br />then establish the annual revenue <br />requirement for each internal service fund <br />in each year of the financial plan. Non -rate <br />revenue sources will be deducted, and the <br />final total basis for cost recovery from <br />internal service charges (rates) will be <br />identified for use in Task 4. <br />It is expected this component will be <br />subject to iteration, as in certain funds, the <br />total revenue requirement may produce a <br />resu t that is immediately infeasible under <br />current City revenue streams. A strategic <br />phase -in to total funding over time may <br />need to be developed; therefore, clear <br />decisions in the underlying financial plan <br />should be made to accommodate lesser <br />funning capacity in a phased approach. <br />Task 4 1 Rate/Charge Development <br />The purpcse of this task is to develop the <br />structure and values encompassing a rate or <br />charge structure for each internal service fund, <br />as the means for cost recovery from <br />participating departments/funds. Values <br />determined in this analysis represent the <br />maximum cost recovery amount by user. While <br />the City may make alternate cost recovery <br />decisions oeneath that ceiling if maximum <br />results prove infeasible, the underlying financial <br />plan in Task 3 should be modified so rate <br />outcomes in Task 4 are linked to a reasonable <br />plan that can support self-sufficient ISFs. <br />TASK 4.11 FUNCTIONAL ALLOCATION OF FUND <br />REQUIREMENTS <br />Stemming from structural decisions made <br />in Task 1.3, as well as the overall <br />composition of fund expenditures <br />developed throughout Task 3, ClearSource <br />will allocate the line -item revenue <br />requirement to core functions of service in <br />each internal service fund. The purpose of <br />this functional allocation is to acknowledge <br />the multi -faceted nature of services <br />provided by each ISF: that users demand <br />or benefit from each sub -function to a <br />different proportion from another sub - <br />function. <br />The result of this task is a breakdown of <br />total annual obligations of the ISF to pools <br />of defined service that may be <br />apportioned to users following different <br />bases. <br />TASK 4.2 1 ALLOCATION OF FUNCTIONAL <br />COSTS <br />In consultation with ISF personnel and <br />engaged internal stakeholders, <br />ClearSource will allocate each function of <br />service within the ISF to department/fund <br />users based on an individually selected <br />metric (or in exceptions, a combination of <br />metrics). This metric will be chosen based <br />on a variety of influences, such as: <br />:D Relevancy to the underlying service. <br />:D Reasonableness in generating a <br />proportional outcome, if not measure <br />of use or benefit. <br />Reasonableness in administration, <br />both in acquiring the data source and <br />updating it in the future. <br />CLEARSOURCE PROPOSAL TO THE CITY OF SANTA ANA SECTION 4 <br />
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