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01-20-2015 - Item 12 - Extend Professional Services Agreement with Intellibridge PartnersCity of West Covina Memorandum TO: Mayor and City Council FROM: Tom Mauk Interim City Manager BY: Dennis Swink Interim Director of Finance AGENDA ITEM NO 12 DATE January 20, 2015 SUBJECT: EXTEND PROFESSIONAL SERVICES AGREEMENT WITH INTELLIBRIDGE PARTNERS RECOMMENDATION: It is recommended the City Council authorize staff to extend the agreement with IntelliBridge Partners for accounting services at $56 per hour not to exceed total amount of $52,400. DISCUSSION: The City of West Covina has contracted with IntelliBridge Partners for accounting services since September 2014. The accountant assigned to the City already knows the job and has been making good progress towards bringing routine accounting up to date. We have now spent the $30,000 authorized by staff and would like to continue to use this service until the accountant recruitment can be completed. An additional $22,400 is enough to get us through the week of April 7, 2015. That is enough time to complete the accountant recruitment and give the IntelliBridge person some time to familiarize the new staff member with their basic duties before leaving. LEGAL REVIEW: The City Attorney has reviewed and approved this report, and will review any proposed extension of the existing agreement with IntelliBridge. FISCAL IMPACT: The fiscal impact will be $56 per hour up to $22,400 and would be paid within the Finance Department budget from salary savings due to current vacancies. Total contract amount of $52,400. Prepared by: - .2 _c 5'2 Dennis Swink Interim Director of Finance Reviewed and Approved by: Mike Lee Assistant City Manager/Community Development Commission Director