Hire National Resource Network to create 5-year budget forecasting model
In Plain English
The city wants to contract with National Resource Network to build a tool that predicts city finances over the next 5 years. The total contract costs $110,000, but Richmond only pays $27,500. If approved, the city gets better long-term budget planning capabilities.
Auto-generated summary. Source: official agenda documents.
Votes
Authorized the City Manager to execute a contract with National Resource Network
5 to 0
Why This Vote Matters
The council unanimously approved a $110,000 contract with National Resource Network to create a financial forecasting tool, with Richmond paying only $27,500 of the total cost. The tool will help city staff predict budget trends and financial needs over the next five years, potentially improving long-term planning decisions. This was a routine contract approval that received broad support from all council members present.
Auto-generated context. Source: official meeting records.
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