BACKGROUND/DISCUSSION:
The proposed agreement authorizes SpyGlass to review current telecommunication agreements the City has with different providers to identify cost recoveries, service elimination savings, and cost reduction savings. SpyGlass will make recommendations to City Staff and coordinate any changes to current agreements authorized by Staff. SpyGlass will not be compensated unless SpyGlass finds a refund due to the City or the City makes changes to telecommunication agreements as a result of the audit. The City is under no obligation to implement any of the audit recommendations.
FINANCIAL IMPACT:
The financial impact will be determined by the action taken by the City after reviewing the audit. The following schedule lists fees based on recommendations implemented within twelve months of audit:
50% of any "Cost Recovery"
12 times any "Service Elimination Savings"
12 times any "Cost Reduction Savings"
RECOMMENDATION:
It is recommended that the agreement with Spy Glass Group, LLC be approved.