NS Purchasing - Raftelis Financial Consultant - Efland Sewer Rates Study

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i3 t ~5,+~~ 1 ~~1+a EFLAN~ SEWER SYSTEM ProposaC for Rats Study far SrnaCC wastewater CaClection Utility facilitating a close worki~.g relationship between the County and RFC staff and will be accountable for meeting the pro ject schedule, budget, and technical requirements of the project. Highly qualified staff Sufficient support resources to ensure timely complefion. Local resources to quickly and effectively respond to the County's requirements. .$. Client cantml and pmje~guidancs ~vill be ensured through: • Adopdon of procedures for regular and open communication between the project team members and County staff. • Regular progress reports and the project manager's use of RFC's internal project accounting and ma:aagement system.. These reports ~ also identity potential. problems, challenges, and solutions. • Coordination of project activities between RFC and County staff • C)ptional assistance in developing and presenting pro ject recommendations. Iruit~ation of tie uali Assurance uali Control Process The quality assurance/quality control ~"QA/QC"} process ensures that all RFC woxk is accurate and of the highest quality. The QA/QC process begins at the outset of the project when the Tiro jest tanager and QA/QC reviewer review the work plan and scope. The QA/QC reviewer is present at all internal project meetings and works closely with both the Project Manager anal the lead consultants 'This person examines project deliverables for consistency and accuracy and verifies that the f nanGi.a. model funcdvns correctly and is developed using sound rate making principles and standard industry practice 'The reviewer also verifies that that the project report is thorough, accurate, and consistent with the high quality standards of RFC. we have found that a formal. QA/QC process helps RFC provide clients with solutions that meet or exceed the high standards that our clients have come to expect TASK ~: development of Rate blade to Project Reveo.ues and Ez~penditures The next step is to develop rates based on the F Hand System's existing gate structure, as well as any viable modifications to the existing rate structure identified during discussions with County staff during Task 1. At the heart of any successful. rate study is the computer model that is used to develop revenue requirements and perform operational. and capital. financial planning; perform. cost distribution, classification and allocation; and calculate rates. As a result of our experience in performing hundreds of cost of service and rate studies, we have determined that while standardized rate models may be inexpensive to create, they do not provide the flexibility needed to address each utility's unique needs, pricing objectives, and compatibility with existing financial systems. For that reason, RFC creates customized cast of service and rate models based on standardized approaches for each of its rate study projects which allows us to tailor the model to na.eet each client's speafic needs. Cost of service and rate models developed by RFC typically consist of three :modules; a financial. planning module, a cost of service module and a rate calculation module. The financial. planning module is used to develop and project revenue requirements over the planning period and incorporates both. direct and indirect operational costs, capital costs including pay~as~you-go capital and debt service, as well as rate revenues and ONSULTANTS, NC?