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Cathy Bennett <br />From: Chris Miller, Finance Director <br />Date: <br />February <br />Administrative Fee for the BRA <br />Cathy, <br />Based on our past practices for both stand-alone City activities and City-sponsored activities like <br />the RVA, we typically charge a 5% Administrative fee, based on the total operating budget. The <br />administrative fee covers the costs of general services provide by the Finance and Administration <br />Departments and would be in addition to any direct charges for your salary. It also covers <br />various facilities charges. <br />The administrative fee covers the following services: <br />Process bi-weekly payroll and payment of invoices. <br />and <br />revenues <br /> Provide monthly reporting including summaries of past and current <br />expenditures. <br />Provide assistance and guidance in the preparation of the annual budget. <br />Coordinate the selection of a CPA firm and the preparation of all audit workpapers for the <br />purposes of conducting an annual financial audit. <br />Establish and maintain all banking and investment relationships and procedures. <br />0 <br />Provide for the proportionate share of office space, office supplies, etc. <br />Maintain coverage for the HRA and its activities, on the City’s insurance policies. <br />The list of items shown above detail the regular on-going functions provided by City of <br />Roseville Staff in the Finance and Administration Departments. Additional assistance is <br />provided on an as needed basis. <br />At and an $85,000 annual budget, the admin fee would be $4,250. If you have any <br />questions, please feel free to call me. <br />Thanks. <br /> <br />