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Stonecrest staff to propose hiring PFM for three‑month finance operational assessment
Summary
City staff recommended engaging PFM Group Consulting to conduct a three‑month operational assessment of Stonecrest’s finance department to map processes, benchmark peers and provide a roadmap for improvements; funding would come from the finance department’s professional services line and the contract is exempt from competitive bidding.
Deputy City Manager Michael McCoy told the City Council on Feb. 9 that staff recommends engaging PFM Group Consulting to perform a finance department operational assessment to identify process bottlenecks and recommend improvements.
McCoy said the assessment would target core functions such as payroll, accounts payable and receivable, grants and reporting and is intended to address system and process issues rather than individual performance. “This is not an audit. PFM is not serving as an internal auditor,” McCoy said, adding that the…
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