Agenda Packets - 1983/05/16 - Laserfiche WebLink

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Mr. Donald Brager May 9, 1983 Page 2 We anticipate multiple cash -flow projections for each of the City's Debt Service Accounts. The use of multiple projections will allow us to analyze the results based upon several "what if" sets of criteria (i.e. variable collection rates for receipts/revenue combined with variable interest rates for investment interest earnings). Each of these cash -flow projections will be reviewed for accuracy and reconciled to the City's financial accounting records and 1982 Annual Financial Report prior to being analyzed further. Second, we will perform an analytical review of the various cash -flow projec- tions and interpret the results for each bond issue. Additionally, we will summarize the results and provide the City with an over -view of the cash -flow projections and our analytical review and interpretations. As part of our review, we will detail options available to the City, as -well -as recommended courses of action when and where applicable. We will provide for an exit conference with City Staff to review drafts of the various cash -flow projections and our analytical review and interpretation prior to final delivery of the final Report. We have performed such Reports for several suburban cities during the past two years (Shoreview, White Dear Lake, New Brighton, Chanhassen, Oak Park Heights, Little Canada). Please feel free to contact those cities to evaluate the value of such a Report. Based upon past reports and the volume of activity (at your City) to be projected, analyzed and interpreted, we anticipate the cost of this engagement to be $4,500 to $5,000. This estimate is based upon our standard rates and estimated hours as follows: Partner 15 Hours @ $60.00 $ 900 Manager 45 Hours @ $48.00 2,160 Electronic Data Processing 25 Hours @ $34.00 650 Other Professional Staff 25 Hours @ $24.00 600 Statistical Typists and Report Processors 30 Hours @ $15.00 450 Total 140 $4,960 The above estimate has been prepared based upon our knowledge of the City and our past experience in preparing such Reports. We agree to complete this study and special report for a total fee not to exceed $5,000. Should our actual hours be less than the estimated hours, you will be billed the lessor amount, based upon actual hours. The above estimate is based upon our staff preparing most of the input data from City records. However, much of the following data input can be prepared by City staff.