10-Year Financial Forecast

City of East Palo Alto (“City”) invites proposals from qualified firms to provide the City with Long-term financial forecasting services, specifically a 10-year financial model. The City will use the model to support operating and capital budget development and making in analysis of City Council’s strategic priorities. The model will be based on analysis of the City’s General Funds, including its sub funds and other funds requiring its subsidies. All major expenses and revenues need to be forecast by the model.

Included with the model must be a study justifying the assumptions for the long-term fiscal projection and should integrate specific financial components affecting the City such as unfunded pension liabilities, capital improvement programs, development, and other future obligations.