Title
Proposed Amendment to GLWA Contract CS-195 effective July 1, 2021 with The Foster Group for Annual Financial Management Consulting at a not-to-exceed amount of $950,000 for a two-year contract, and for task order Bond Transaction System Consultant Services not-to-exceed $550,000
Body
Agenda of: April 28, 2021
Item No.: 2021-156
Amount: N/A
TO: The Honorable
Board of Directors
Great Lakes Water Authority
FROM: Sue F. McCormick
Chief Executive Officer
Great Lakes Water Authority
DATE: April 28, 2021
RE: Proposed Amendment to GLWA Contract CS-195 effective July 1, 2021 with The Foster Group for Annual Financial Management Consulting at a not-to-exceed amount of $950,000 for a two-year contract, and for task order Bond Transaction System Consultant Services not-to-exceed $550,000
MOTION
Upon recommendation of Nicolette Bateson, Chief Financial Officer/Treasurer, the Great Lakes Water Authority Board authorizes the Chief Executive Officer (CEO) to enter into Contract No. CS-195 effective July 1, 2021 with The Foster Group for Annual Financial Management Consulting at a not-to-exceed amount of $950,000 for a two-year contract, and for task order Bond Transaction System Consultant Services not-to-exceed $550,000, and also authorizes the CEO to take such other action as may be necessary to accomplish the intent of this vote.
BACKGROUND
The current fixed fee, fixed cost contract with The Foster Group expires June 30, 2021. The Foster Group provides critical services including:
* Member Partner outreach,
* Annual cost of service study,
* Highly technical as needed analysis,
* Charge methodology strategic services to support Planning Group efforts,
* Financial management coordination and assistance for GLWA and DWSD,
* Resource for General Counsel, and
* Long-term financial planning support to the Great Lakes Water Authority (GLWA).
In addition to core tasks, there are several open GLWA initiatives that depen...
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