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Pontiac council approves expanded Raymond Group finance contract after amendments capping monthly spend
Summary
After prolonged debate and multiple amendments, the council approved an expanded engagement with the Raymond Group to provide interim finance director services and oversee day-to-day finance operations; council added monthly reporting and a $100,000 per-month cap on expenditures as oversight safeguards.
The Pontiac City Council on Jan. 21 approved a contract with the Raymond Group to expand the firm's role from accounting support to acting as interim finance director and supervising the city's finance department. The vote followed extended debate over scope, cost and oversight; council adopted several in-meeting amendments adding an explicit contract execution authorization, a monthly expenditure cap and a requirement for monthly written reporting to council.
Scope of work: Under the approved engagement Raymond will assume finance-director duties: directing and overseeing deputy finance personnel and finance staff, preparing and amending budgets, coordinating…
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