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.
Community Discussion
This discussion was submitted to the City Clerk as part of the public record.
Comments are submitted to the Richmond City Clerk before the meeting. By commenting, you agree to have your name and comment included in the public record.
Similar Discussions
5 related items found by meaning
Expand consulting contract by $300,000 for temporary HR, finance, and accounting help
Allow city manager to sign routine annual contracts without council approval
Increase Neighborhood House contract by $196,912 for waste mitigation programs
Increase RichmondBUILD job training program contract by $35,000
Contract with Richmond Community Foundation for nonprofit training programs
The Story So Far
Related items from other meetings
Hire law firm for general legal advice and lawsuits
Update sidewalk vendor permit rules and enforcement procedures
Hire Bennett Gelini law firm for litigation and liability claims through 2028
Hire consultant to help find new operator for water treatment and storm systems
Approve 3-year contract with Unity Courier for library book delivery service
Increase Pogo Park contract by $3.3 million to complete Harbour-8 Park expansion
Update administrative procedures and enforcement for sidewalk vendors
Approve $299,797 contract to plan relocation of historic SS Red Oak Victory ship
Hire consulting firm to study Port of Richmond's economic impact
Extend LCP Tracker labor compliance software contract by $29,000 through 2027