Chino City Council Agenda Packet 2026-05-05
City expands MV Cheng financial consulting agreement
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Description
Chino is set to approve Amendment No. 5 with MV Cheng & Associates, adding $200,000 in authority for as-needed financial consulting and interim finance support and bringing the total contract not-to-exceed amount to $500,000 through June 30, 2027. The extension bridges multiple key Finance Department vacancies using salary savings.
Contract Details
Contract Amount
Increase of $200,000, for a total not-to-exceed amount of $500,000
Vendor
MV CHENG & ASSOCIATES
Agency
City of Chino, CA
Contract Type
CONSULTING
Document Date
May 5, 2026
Contract Term
Through June 30, 2027, with option for one additional one-year renewal
Renewal Date
2027-06-30
Renewal Info
Original agreement dated October 16, 2024 with multiple prior amendments increasing compensation to $300,000 and extending the term to June 30, 2026; Amendment No. 5 increases the cap to $500,000 and extends the term to June 30, 2027 with a City option to renew for one additional year if services remain satisfactory.
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