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Professional Services Agreement - H.J. Umbaugh & Associates - Financial Assurance Test Required by IDEM
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Professional Services Agreement - H.J. Umbaugh & Associates - Financial Assurance Test Required by IDEM
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4/2/2025 9:26:51 AM
Creation date
3/28/2018 3:33:46 PM
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Board of Public Works
Document Type
Contracts
Document Date
3/27/2018
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Exhibit A <br />Services Provided <br />Scope of Services <br />Article 1. Preliminary Financial Planning (Preparation Accounting and Consulting Services <br />A. Gather historical financial information for the City of South Bend for the prior year, <br />including landfill operations. <br />B. Obtain copies of State Board of Accounts audits and available bond rating reports for the <br />City and landfill. <br />C. Obtain copies of ordinances and/or resolutions dealing with the landfill operations in <br />regard to rates and charges for revenue generation, including but not limited to tipping <br />charges and copies of any contracts with private haulers, as well as other miscellaneous <br />revenue sources. <br />D. Obtain budgets for the City landfill for 2018 and beyond for operation expenses and <br />capital improvements. <br />E. Discuss with the landfill operator and engineer the useful life of landfill cells currently <br />utilized and the timing of closure activity. <br />F. Obtain information from City Representatives, landfill operator, and/or consulting <br />engineers regarding estimated capital and operating costs for closure and post -closure <br />activities. <br />G. Gather other relevant information required to address the Financial Assurance Test <br />requirements as outlined in the Administrative Code. <br />Article 11. Financial Plan and Financial Assurance Test Development (Preparation Accountin <br />and Consulting Services <br />A. Utilizing the historical and prospective financial and operational data gathered from <br />representatives of the City of South Bend, develop pro forma cash flow analysis for the <br />landfill that would include the anticipated closure and post -closure activities. <br />B. Summarize the financial information from the City of South Bend and other resources to <br />make the financial calculations and ratios as required by the Administrative Code to meet <br />the Financial Assurance Test benchmarks. <br />C. Develop a report for submission to the City of South Bend and its representatives for <br />review and comment in regard to the pro forma operational data and the Financial <br />Assurance Test requirements. <br />D. Meet with City of South Bend representatives to review report and answer any questions. <br />
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