CLEARSOURCE FINANCIAL CONSULTING

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CONSULTING FEE Maximum Not to Exceed Price (Year One) For the complete Citywide Indirect Cost Allocation Plan and Internal Service Funds Cost Allocation Methodology, due December 31, 2019 ("Year One'), ClearSource presents the following maximum, not -to -exceed consulting fee: :) Total Project, Year One: $55,500 - Citywide Indirect Cost Allocation Plan: $16,500 - Internal Service Funds Cost Allocation Methodology: $39,000 Figure 3 on the following page illustrates the detail behind our presented maximum price for the project. This includes labor time paired with hourly rates and expenses by task described in the ClearSource work plan. This fee includes all direct and indirect costs associated with our professional labor, as well as applicable direct expenses for the project. Manner of Payment ClearSource will issue monthly progress reports to the City. Accompanying invoices will be based on hours recorded to the project, with final invoice not submitted until work is completed as scoped in our work plan. Total invoices will not exceed the maximum price presented here. Optional Annual Updates (Subsequent Years, at City Approval to Proceed) The Request for Proposals indicates that the City may enter into a three-year contract, with optional provisions to extend further, which would enable ClearSource to update the Citywide Indirect Cost Allocation Plan and Internal Service Funds Cost Allocation Methodology by December 31 of those subsequent years. At this time, ClearSource estimates the following maximum, not -to -exceed consulting fee for annual updates beyond 2019: :D Total Project, Annual Update: $28,800 - Citywide Indirect Cost Allocation Plan: $10,800 - Internal Service Funds Cost Allocation Methodology: $18,000 Figure 4 on the following pages illustrates the detail behind our presented maximum price for completing annual updates to the original work product delivered in 2019. CLEARSOURCE PROPOSAL TO THE CITY OF SANTA ANA SECTION 7