Board authorizes one-year Vantaca financial-management agreement at $3,400/month
Summary
LRPRA authorized management to enter a one-year agreement with Vantaca Financial Services for financial management services at $3,400 per month, funded from operating budget line 51600; management will monitor performance and re-evaluate after the term.
The board authorized management to sign a one-year agreement with Vantaca Financial Services for monthly financial management services at a rate of $3,400, effective January 2025, and funded from operating budget line 51600. The motion, moved by Janet Foote and seconded by Michael Butler, passed unanimously as Resolution 2025/1-7.
The contract scope in the minutes includes monthly reconciliation, vendor payments, and financial reporting services. The minutes state management will monitor Vantaca’s performance and re-evaluate after the one-year term; they also required clarification of termination terms before execution.
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