Financial Consulting Services

The vendor is required to provide financial consulting services for include:
a. Fund structure and governance
•    Recommend and establish the appropriate enterprise fund structure under state and local law.
•    Develop governance policies, including reporting, oversight, and accountability measures.
•    Define allowable revenue sources (user fees, intergovernmental transfers, debt financing, grants, etc.).
b. Financial planning
•    Create financial models demonstrating long-term sustainability.
•    Develop a revenue and expenditure forecasting framework (minimum 5–10 years).
•    Recommend broadband service rate-setting methodologies for potential municipal operations.
•    Advise on integration with city’s existing accounting and budgeting systems.
c. Legal and regulatory compliance
•    Ensure compliance with municipal finance law, procurement rules, and broadband-related regulations.
•    Provide sample policies for audits, fund transfers, and public reporting.
•    Review applicability of state and federal grant requirements.
d. Operational framework
•    Recommend organizational structure for fund management, including staffing needs.
•    Advise on potential partnerships with private ISPs, utilities, or regional broadband authorities.
•    Define performance metrics and reporting requirements for ongoing evaluation.
e. Stakeholder engagement
•    Support city staff in engaging elected officials, residents, businesses, and regional partners.
•    Prepare presentations and materials to communicate the fund’s purpose and benefits.

- Contract Period/Term: 5 years
- Questions/Inquires Deadline: September 30, 2025