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The instructions outline the purpose and need driven by structural operating deficits, COVID-19 impacts on ridership and revenue, changing funding sources, and continued commitment to an ambitious post-COVID business strategy. Scope and objectives include assessing financial needs, developing a comprehensive strategic plan and funding/implementation approach, building consensus, supporting Spring 2023 budget discussions, and implementing a Strategic Financial 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Cal t rai n conti nues to face significant financial challenges  \n􀂾 St r uct ural operat i ng defic it  \n􀂾 COVID-19 i m pact s on r ider s hip and revenue  \n􀂾 Changes i n t raditional funding sources  \n􀂃 Cal t rai n remai ns com m itted to am bitious service vision and post-C OVID busi ness st rategy  \n􀂾 S ustaining a com petitive and att ractive level of serv ice  \n􀂾 Maintaining a com m it ment to equity w hile building r ider s hip  \n􀂾 Com plet i ng elect r ificat ion  \n􀂾 St rengthening the overall capital program   \nINSTRUCTIONS  \nScope and Objectives  \n􀂃 Scope of Services  \n􀂾 Conduct a fi nanc ial needs assess ment  \n􀂾 Develop com prehensive st rategic plan  \n􀂾 Identify detailed funding and i m plementation plan  \n􀂃 Key Objectives  \n􀂾 Build consens us on the c ur rent fi nanc ial stat us of the agency, st rategic goals and priorities , and a range of funding options  \n􀂾 Integrate fi nanc ial needs assess ment into upcom ing budget disc uss ions i n Spring 2023  \n􀂾 Develop and s upport the i m plementation of a St rategic Fi nanc ial Plan .  \nProposals Received  \nJPB received six responses to the Request for Proposals issued on August 26, 2022.  \n• Bell Burnett & Associates  \n• CohnReznick LLP  \n• KPMG LLP  \n• PFM Financial Advisors LLC  \n• Financial Strategy Plan Consulting Services Limited  \n• The Boston Consulting Group Inc  \nScoring Criteria  \n• Company Qualifications, Experience of Project Leader & References (30 points)  \n• Team Track Record and Experience of Key Personnel (20 points)  \n• Technical and Management Approach (25 points)  \n• Demonstrated Understanding of Issues (20 points)  \n• Reasonableness of Cost (5 points)  \nINSTRUCTIONS  \nHighest Ranked Proposer  \n􀂃 Staff and legal counsel determ ined Bell B urnett & Associates ( BB&A) to be the highest ranked proposer .  \n􀂃 BB & A recently served i n an interi m CF O capacity for the Met ropolitan Trans portation Com m iss ion .  \n􀂃 BB & A offers decades of demonst rated experience w ith:  \n- Development of m ultifaceted funding and business st rategies  \n- Financ ial alternative analys is and i m plementation support  \n- Multi j urisdictional agencies , including Joint Powers Authorities  \n- Regional ( Bay A rea) t rans it t rend s and polic ies  \nINSTRUCTIONS Budget Impact  \n􀂃 The cost proposal from Bell Burnett & Associates was deemed fair and reasonable, and within a competitive range as compared to the other propose rs .  \n􀂃 Funds to support the Strategic Financial Planning contract are included in the J PB ’s F Y 2023 adopted operating budget and additional funds to support the contract will be included in next year ’s budget .  \nINSTRUCTIONS  \nStaff Recommendation  \n1. Aw a rd a c o nt ra ct to Be l l B u r n ett & Asso c iates to p rov ide fi na n c ia l st rategy p la n co ns u lt i ng s e rv ic es fo r a tw o-yea r te rm a nd total co nt ra ct a mo unt of $ 7 5 0 , 0 0 0 .  \n2. A ut h o riz e t he Act i ng E D o r des ig n ee to ex e c ute t he c o nt ra ct in fu ll co nfo r m ity w it h t he te r ms a nd co nd it io ns of t he so l ic itat ion do c u m e ntsa nd n egot iated ag ree m e nt , a nd i n a fo r m a pp rov ed by lega l co u ns e l .  \n3. A ut h o riz e t he Act i ng E D o r des ig n ee to ex e rc is e o n e o pt io na l tas k fo r ut i l ity n eeds pla n n i ng a nd ex e c ut io n fo r a n addit io n a l a mo u nt of $ 7 5 , 0 0 0 a nd exte nd t he co nt ra ct te r m fo r u p to tw e lv e ( 1 2 ) mo nt hs , if  \nn eeded and if dee m ed to be i n t he best i nte rest of t he J P B .   \nF O R M O RE I NF O RM AT I O N  \nW W W . CA L T RA I N . CO M","cbCaiuszazYjoGfu","https://ap.wps.com/l/cbCaiuszazYjoGfu","pdf",435127,9,"English","# Purpose and Need\n## Scope and Objectives\n## Proposals Received\n## Scoring Criteria\n## Highest Ranked Proposer\n## Budget Impact\n## Staff Recommendation","[{\"question\":\"What is the purpose of the agenda item?\",\"answer\":\"To address the need for strategic financial planning consulting services driven by ongoing financial challenges and post-COVID business strategy goals.\"},{\"question\":\"What services are included in the scope?\",\"answer\":\"Conduct a financial needs assessment, develop a comprehensive strategic plan, and identify a detailed funding and implementation plan.\"},{\"question\":\"Who is recommended for the contract and what term is proposed?\",\"answer\":\"Bell Burnett \\u0026 Associates is identified as the highest ranked proposer, and the recommendation is to award a two-year term with a total contract amount of $750,000, with an optional task for $75,000 and an extension up to 12 months if needed.\"}]","Award of Contract to Provide Strategic Financial Planning Consulting Services - Finance Committee Agenda Item 8 - October 24, 2022 | PDF",1790107759]