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A Resolution Approving an Extension to the Employee Leasing Agreement with MGT Impact Solutions, LLC for Interim Chief Financial Officer Services from April 3, 2026 Through July 31, 2026 (Not-to-Exceed 20 Hours per Week at $134.85 per Hour) and Directing Staff to Prepare the Necessary Budget Amendment
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Introduction
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This agenda item requests approval to extend Interim Chief Financial Officer consultant services through July 31, 2026 at a not-to-exceed cadence of 20 hours per week at the established rate of $134.85 per hour, to support completion of the FY2025 Audit and the Financial Strategic Plan.
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Recommended Action
Adopt the Resolution.
Prior Board Action
The Board has taken the following prior action(s):
• Resolution 25-165 was approved on March 11, 2025, by the Village Board to approve an Employee Leasing Agreement with MGT, increasing the available funds and extending the term to November 20, 2026.
• Resolution 24-283 was approved on August 27, 2024, by the Village Board to amend the Employee Leasing Agreement with MGT, changing the not-to-exceed amount and extending the term.
• Resolution 24-193 was approved on April 30, 2024, by the Village Board to amend the Employee Leasing Agreement with MGT, changing the not-to-exceed amount and extending the term.
• Resolution 24-123 was approved on January 30, 2024, by the Village Board for an Employee Leasing Agreement with MGT.
Background
Staff recommend extending Financial Consultant leasing services through July 31, 2026 to complete the FY2025 Audit and the Strategic Financial Plan. Services will be limited to not-to-exceed 20 hours per week at the established rate of $134.85/hour.
Timing Considerations
Approval is requested in advance of April 3, 2026 to avoid interruption of authorized services.
Financial Impact
Funding for this extension will be charged to the Finance Department’s External Support account no. 1001.41300.101.530667. Additional funds will be requested via a budget amendment.
Operations Impact
Approval of this resolution will ensure the FY2025 Audit and the Financial Strategic Model\Plan are completed on time.
DEI Impact
There is no DEI impact associated with this item.
Community Input
There has been no community input given in relation to this item.
Staff Recommendation
Staff recommend adopting the resolution to approve the leasing agreement.
Advantages:
• This action ensures the smooth succession of financial operations
• This action allows an effective transition and on-ramp for new staff
Disadvantages:
• The costs associated with this transition exceed the budgeted funds
Alternatives
The Village Board could elect not to approve an employee leasing agreement with MGT or approve a shorter leasing agreement.
Advantages:
This action can result in cost savings related to the contract.
Disadvantages:
This action may decrease the stability of finance leadership transition.
Anticipated Future Actions
There are no anticipated future actions in relation to this item.
Prepared By: Kevin Bueso, Finance, Chief Financial Officer
Reviewed By: Ahmad M. Zayyad, Deputy Village Manager
Approved By: Kevin J. Jackson, Village Manager
Attachment(s):
1. Resolution
2. Master Agreement Exhibit A