FOR: Water Subcommittee Meeting March 26, 2026
TO: Honorable Water Subcommittee Members
APPROVAL: Sachin Chawla, Director of Utilities
FROM: Nicole Hemmans, Senior Administrative Analyst
Title
Staff requests that the Water Subcommittee provide feedback on Amendment No. 4 to the Professional Services Agreement with Rod LeMond, CPA, in the amount of $120,000, for continued independent financial advisory and accounting services to support the Rialto Utility Authority's financial management, reporting, and compliance obligations. (ACTION).
Body
RECOMMENDATION
Staff recommends that the Water Subcommittee provide feedback on Amendment No. 4 to the Professional Services Agreement with Rod LeMond, CPA, in the amount of $120,000, for continued independent financial advisory and accounting services to support the Rialto Utility Authority's financial management, reporting, and compliance obligations.
BACKGROUND:
On February 4, 2025, the Rialto Utility Authority (RUA) entered into a Professional Services Agreement (PSA) with Rod LeMond, CPA, to provide specialized financial advisory services related to the Authority's agreement with Rialto Water Services RWS) for the provision of contract water and wastewater services.
The Consultant was initially engaged through sole-source procurement due to his expertise in water and wastewater financial management and concession-style utility agreements. His original assessment focused on reviewing the terms and arrangements associated with the Concession Agreement and related Trust Agreements, including evaluation of the financial structure and flow of funds between the Authority and RWS.
Following the initial engagement, the Authority approved several amendments to the agreement to expand the scope of services and continue advisory support as additional financial management needs were identified:
* Original PSA (February 4, 2025): Not-to-exceed $25,000.
* First Amendment (May 22, 2025): Increased total contract amount to $50...
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