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
Motion · Official minutes
Authorized the City Manager to execute a contract with National Resource Network
5 aye · 0 nay
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 based on official minutes.
Related agenda records
Automatically matched by topic. Open an item to check its relevance and each motion’s outcome.
Second Contract Amendment with Regional Government Services (RGS) to Provide Temporary Services and Support in Several Critical Areas to the City on an As-Needed Basis
Resolution Authorizing the City Manager to Execute Recurring Contracts and Agreements
Third contract amendment with Neighborhood House of North Richmond
RichmondBUILD program contract amendment
Contract with the Richmond Community Foundation for nonprofit capacity building