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6.1.C. - Page 2 <br />Consumer Price Index (CPI), which is 3.4 percent. Budgeted costs increased from <br />$133,434 in FY 2016-17 to $137,971 for FY 2017-18. <br />The SVCW Commission reviewed the proposed terms and authorized its General <br />Manager to enter into the recommended amendment at the July 13, 2017 meeting. <br />ALTERNATIVES <br />The City Council may elect not to amend the agreement to provide services to SVCW. <br />Doing so would reduce anticipated City revenues in the Administrative Services <br />Department in FY 2017-18 by approximately $137,971. It should be noted that as the <br />majority member of the SVCW Joint Powers Authority, Redwood City has an interest in <br />SVCW having effective financial and technology support services. <br />FISCAL IMPACT <br />The continued agreement with SVCW will result in approximately $137,971 in revenue <br />in FY 2017-18, which represents an increase of $4,537, or 3.4 percent, over FY 2016- <br />17. <br />ENVIRONMENTAL REVIEW <br />This activity is not a project under CEQA as defined in CEQA Guidelines, section <br />15378, because it has no potential for resulting in either a direct or foreseeable physical <br />change in the environment. <br />KIMBRA MCCARTHY <br />ASSISTANT CITY MANAGER OF ADMINISTRATIVE SERVICES <br />MELISSA STEVENSON DIAZ <br />CITY MANAGER <br />ATTACHMENTS <br />1. Amendment No. 4 — Finance and IT Services Agreement with Silicon Valley Clean <br />Water <br />RELATED DOCUMENTS IN CITY CLERK'S OFFICE <br />None <br />