Agenda - 10-19-2004-9b - Laserfiche WebLink

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It is expected that both school systems will engage the Segal firm to explore additional cost saving opportunities. The Segal firm will need to execute individual agreements with each of the governing boards tc authorize examination of each entity's financial records and to provide for remuneration should the firm succeed in identifying operational efficiencies of interest to the governing board. The accompanying proposed agreement is similar to the agreement that the County entered into with Segal several years ago. FINANCIAL IMPACT: If the Board approves this agreement, the Segal firm would retain 50% of all savings achieved during the first 24 months after recommendations are accepted by the Board, and actual savings are achieved and documented. There is no upfront cost to the contract. Other than any retainer the County might pay for specific efficiency examinations that do not involve directly measurable savings, the Segal firm is remunerated only if savings are actually achieved. RECOMMENDATION(S): The Manager recommends that the Board approve the accompanying agreement with the Robert Segal CPA firm, subject to final review by staff and the County Attorney, and authorize the Manager to sign it.