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AgdaPkt 2020-02-24 Joint SA PFA
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AgdaPkt 2020-02-24 Joint SA PFA
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Last modified
10/1/2020 11:28:52 AM
Creation date
2/20/2020 5:56:17 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
2/20/2020
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2/20/2020 5:58 PM
Modified:
2/20/2020 5:58 PM
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http://www.redwoodcity.org/
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6.A. - Page 2 of 8 <br />Technology (IT) Division. <br />As of July 1, 2018, the City is no longer performing treasury management or accounts payable functions <br />for SVCW, due to the implementation of a new accounting software system by SVCW. This change in <br />functions has been included in Amendment No. 6. <br />ANALYSIS <br />The contract for services has been renewed on an annual basis as SVCW began a transition to a new <br />financial system. SVCW has been slowly decreasing the level of service it needs to purchase from the <br />City. Every year, SVCW evaluates the services and hours needed and the contract is negotiated. <br />Approval of this recommended amendment will extend the services the City provides to SVCW for an <br />additional one-year period through June 30, 2020. In addition to extending the period an additional <br />year, fees were adjusted to correspond with full cost recovery. <br />FISCAL IMPACT <br />The continued agreement with SVCW will result in approximately $133,545 in revenue in FY 2019-20. <br />ENVIRONMENTAL REVIEW <br />This activity is not a project under California Environmental Quality Act (CEQA) as defined in CEQA <br />Guidelines, section 15378, because it has no potential for resulting in either a direct or reasonably <br />foreseeable indirect physical change in the environment. <br />PUBLIC NOTICE <br />Public Notification was achieved by posting the agenda, with the agenda items being listed, at least 72 <br />hours prior to the meeting. <br />ALTERNATIVES <br />The City Council may elect not to amend the agreement to provide services to SVCW. Doing so would <br />reduce anticipated City revenues in the Administrative Services Department in FY 2019-20 by <br />approximately $133,545. As the majority member of the SVCW Joint Powers Authority, Redwood City <br />has an interest in SVCW having effective financial and technology support services. <br />Page 2 of 3 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore <br />
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