City of Corona Cost Allocation Plan(CAP) and Fee Study

The City of Corona is seeking a qualified consultant to develop a comprehensive cost allocation plan that accurately reflects the true costs associated with providing various services across its departments. The primary goal is to establish a basis for applying overhead rates that ensure the city's accounting practices align with actual expenses. This effort includes evaluating whether the current fee structure reasonably corresponds to the costs incurred, with particular attention to compliance with Proposition 218 and Proposition 26, which regulate fee setting and revenue generation. The project aims to enhance financial transparency and accountability by ensuring that service fees are justifiable and based on sound cost analysis. The solicitation, titled "City of Corona Cost Allocation Plan (CAP) and Fee Study," was posted on February 14, 2024, with a response deadline of March 13, 2024. It is a formal request for proposals under NAICS code 541611, targeting consultants experienced in cost allocation and financial analysis for municipal agencies. The primary contact for this project is Alana Hernandez, reachable via email or phone, and further details about the solicitation can be accessed through the provided online portal. The initiative underscores the city's commitment to fiscal responsibility and regulatory compliance in its fee and cost management practices.