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Agreement with MDG for Financial Monitoring <br />April 5, 2016 <br />Page 2 <br />Previously, a combination of Community Development Agency staff and /or Finance and <br />Management Services Agency staff conducted the required sub - recipient financial monitoring for <br />these federal programs. However, with the increased emphasis to strengthen oversight and <br />strengthen internal controls, it is recommended that the City engage a professional consultant <br />experienced and knowledgeable about the new regulations to perform the financial monitoring of <br />sub - recipients. <br />Staff solicited and received four proposals from consultants with expertise in financial monitoring <br />to assist with the financial monitoring of Community Development Block Grant (CDBG), <br />Emergency Solutions Grant (ESG) and Workforce Innovation and Opportunity Act (WIOA) sub - <br />recipients for the current fiscal year. Proposals were reviewed and MDG Associates, Inc. was <br />selected to best meet the needs at the most reasonable hourly rates. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Goal #4 - City Financial Stability, <br />Objective #1 (Maintain a stable, efficient and transparent financial environment). <br />FISCAL IMPACT <br />Funds are available in following accounts for expenditure in Fiscal Year 2015/16: <br />Program <br />Account Number <br />Amount <br />CDBG <br />13518780 -62300 <br />$14,500 <br />ESG <br />13518785 -62300 <br />$ 6,000 <br />WIOA <br />01105015 -62300 <br />$ 4,500 <br />Total <br />$25,000 <br />Kelly Reenders <br />Executive Direc,gr <br />Community Development Agency <br />J B /TE /sv <br />Exhibit: 1. Agreement <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Francisco Gutierrez 01r 5?- <br />Executive Director <br />Finance and Management Services Agency <br />25C -2 <br />