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RDC approves up-to-$85,000 engagement with Reedy Financial Group for reporting and bond analysis
Summary
The RDC authorized a not-to-exceed engagement of $85,000 with Reedy Financial Group for financial reporting and potential bond analysis through Dec. 31, 2027 (with invoice authorization through Jan. 31, 2028), and asked staff to correct a typo and clarify prior-year spending.
The RDC approved Resolution 26-11 on Feb. 2 to engage Reedy Financial Group for financial reporting, analysis and support related to potential bond work, with a not-to-exceed authorization of $85,000 covering services through Dec. 31, 2027. Staff noted the estimate for services was approximately $74,000 plus a buffer; the $85,000 figure provides flexibility for unknowns.
Controller’s office and staff said the engagement covers recurring reports the RDC must file and potential bond analysis for projects such as Hopewell and other capital needs. Commissioners requested data on prior-year spending with Reedy; staff reported approximately $24,023.04 for the prior year, subject to verification. The board also corrected an internal date typo and extended the invoice authorization date to Jan. 31, 2028 so December work can be invoiced in January.
The resolution passed unanimously with the two amendments (fixing a 14,000/14,085 typo and updating the invoice authorization date). Next steps: staff will finalize the corrected resolution language and use the engagement for reporting and as-needed bond-analysis support.
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