Vallejo Planet bids #144078

Vallejo Seeks Consulting Services for 10-Year Financial Plan and Fiscal Sustainability Roadmap

The City Manager's Office of the City of Vallejo, California, is seeking consulting services for the development of a Long-Range Financial Plan and Fiscal Sustainability Roadmap. - Government Buyer: - City Manager's Office, City of Vallejo, CA - Contact: Harry E. Black, Interim City Manager - Scope of Work: - Develop a comprehensive 10-year financial forecast and fiscal model - Analyze key budget drivers: personnel costs, healthcare, pension obligations, Measure P revenues, stormwater costs, insurance, capital needs, and internal service charges - Conduct scenario analysis and assess fiscal risks - Provide practical, prioritized fiscal strategies and recommendations for budget stabilization and long-term sustainability - Deliverables include a digital fiscal model, scenario analysis, draft and final reports, implementation roadmap, user guide, and staff training on the fiscal model and tools - Notable Requirements: - Expertise in municipal long-range financial planning, structural deficit analysis, public sector labor and benefit cost analysis, pension and OPEB analysis, reserve policy analysis, and capital/deferred maintenance planning - Ability to present complex fiscal information to elected officials and the public - No specific OEMs or vendors are named; opportunity is open to all qualified management consulting and financial planning firms

Description

The City of Vallejo is seeking proposals from qualified firms to develop a Long-Range Financial Plan and fiscal forecasting model. The project includes assessing the City's current and projected financial condition, developing a multi-year fiscal model, analyzing key budget areas, and providing fiscal strategies to stabilize the budget while preserving core services. Deliverables include a draft and final financial plan, fiscal model, scenario analysis, and staff training. The work supports near-term budget stabilization and long-term financial planning for the City Manager, executive management, and City Council.

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