Review period: Fiscal years 2024, 2025, and 2026 (October–September).
Cost analysis: Review operating and maintenance expenses, shared cost allocations across 22 operating systems, and fixed versus variable expense classifications.
Debt and reserves: Verify required bond service amounts, debt service reserves, and the need for and reasonableness of other reserve and contingency fund balances.
Revenue and rates: Assess revenue application, rebates, annual water minimums, budget volumes, customer rates and surcharges, and compliance with water supply agreement requirements.
Deliverables: Provide a cover letter, executive summary, detailed report with actionable recommendations and benchmarking, and separate presentations to executive leadership and the board or finance committee. Include regular status meetings; on-site final presentations are preferred.
Schedule: Complete within nine months of engagement and no later than December 1, 2027; provide the draft report at least one month before the board presentation.
Pricing: Include a total not-to-exceed price covering travel and expenses, plus hourly rates by personnel role.
XL Eagle