Chino City Council Agenda Packet 2026-05-05
Chino boosts MV Cheng finance consulting contract
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Description
The Chino City Council approved a fifth amendment with MV Cheng & Associates to continue providing as-needed financial consulting services. The amendment adds $200,000 in funding, raising the contract’s not-to-exceed amount to $500,000 and extending services through June 30, 2027.
Contract Details
Contract Amount
Increase of $200,000 (revised not-to-exceed $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
Renewal Date
2027-06-30
Renewal Info
Original agreement dated October 16, 2024, has been amended multiple times to add funding and extend the term; Amendment No. 5 raises the cumulative not-to-exceed to $500,000 and extends the agreement through June 30, 2027, with an option for a further one-year renewal at City’s option.
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