Financial and Cost of Service Analysis

The City of Folsom is seeking a contractor to perform comprehensive financial and cost of service analysis for its solid waste utility, with the goal of informing equitable rate setting across all customer classes. The work will involve developing detailed financial models, conducting a thorough cost of service study to allocate expenses accurately among different service types and customer groups, and evaluating the adequacy and sustainability of the reserve fund to ensure long-term financial stability. This analysis is critical to support data-driven decision making in rate structures and to maintain transparency and fairness in how costs are distributed. The contract is classified as a subcontract under NAICS code 541611 and is open for response until September 21, 2026. While the specific terms of the subcontract and the identity of the prime contractor are not provided, the work must be performed in alignment with the City’s objectives for its solid waste utility operations. The bid was posted on August 6, 2026, and interested parties must submit their proposals through the designated public procurement portal. The scope requires technical expertise in utility finance, cost allocation methodologies, and reserve fund management to deliver a defensible and actionable financial framework that meets municipal standards and regulatory expectations.