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HomeMy WebLinkAbout2017-538-E Co. Mgr. - Management Partners for expenditure, revenue analysis of County's current budget DocuSign Envelope ID:9481C8DE-D232-4BFE-A7DF-F240644DFF63 [Departmental Use Only] TITLE Financial Consulting Services FY 17-18 NORTH CAROLINA CONSULTING SERVICES AGREEMENT UNDER $90,000 ORANGE COUNTY This Agreement, made and entered into this 11th day of September, 2017, ("Effective Date") by and between Orange County, North Carolina a body politic and corporate of the State of North Carolina (hereinafter, the "County") and Management Partners, (hereinafter, the "Consultant"). WITNESSETH: That the County and Consultant, for the consideration herein named, do hereby agree as follows: ARTICLE 1 SCOPE OF WORK 1.1 Scope of Work 1.1.1 This Services Agreement ("Agreement") is for professional consulting services to be rendered by Consultant to County with respect to (insert type of project)conducting an expenditure and revenue analysis of the County's current budget environment and reporting the results and creating a long term financial forecast for Orange County and reporting the results. 1.1.2 By executing this Agreement, the Consultant represents and agrees that Consultant is qualified to perform and fully capable of performing and providing the services required or necessary under this Agreement in a fully competent,professional and timely manner. 1.1.3 Time is of the essence with respect to this Agreement. 1.1.4 The services to be performed under this Agreement consist of Basic Services, as described and designated in Article 3 hereof. Compensation to the Consultant for Basic Services under this Agreement shall be as set forth herein. ARTICLE 2 RESPONSIBILITIES OF THE CONSULTANT 2.1 Services to be Provided. The Consultant shall provide the County with all services required in Article 3 to satisfactorily complete the Project within the time limitations set forth herein and in accordance with the highest professional standards. 2.2. Standard of Care 2.2.1 The Consultant shall exercise reasonable care and diligence in performing services under this Agreement in accordance with the highest generally accepted standards of this type of Consultant practice throughout the United States and in accordance with applicable federal, state Revised 2/17 1 DocuSign Envelope ID:9481C8DE-D232-4BFE-A7DF-F240644DFF63 and local laws and regulations applicable to the performance of these services. Consultant is solely responsible for the professional quality, accuracy and timely completion and submission of all reports, drawings, specifications, plans, documents and services (hereinafter "Deliverables")related to the Basic Services. 2.2.2 The Consultant shall be responsible for all errors or omissions, in the deliverables prepared by the Consultant. 2.2.3 The Consultant shall correct at no additional cost to the County any and all errors, omissions, discrepancies, ambiguities, mistakes or conflicts in any Deliverables prepared by the Consultant. 2.2.4 The Consultant shall assure that all Deliverables prepared by it hereunder are in accordance with applicable laws, statutes, and that any necessary or appropriate applications for approvals are submitted to federal, state and local governments or agencies in a timely manner so as not to delay the Project. 2.2.5 The Consultant shall not, except as otherwise provided for in this Agreement, subcontract the performance of any work under this Agreement without prior written permission of the County. No permission for subcontracting shall create, between the County and the subcontractor, any contract or any other relationship. 2.2.6 Any and all employees of the Consultant engaged by the Consultant in the performance of any work or services required of the Consultant under this Agreement, shall be considered employees or agents of the Consultant only and not of the County, and any and all claims that may or might arise under any workers compensation or other law or contract on behalf of said employees while so engaged shall be the sole obligation and responsibility of the Consultant. 2.2.7 If activities related to the performance of this agreement require specific licenses, certifications, or related credentials Consultant represents that it and/or its employees, agents and subcontractors engaged in such activities possess such licenses, certifications, or credentials and that such licenses certifications, or credentials are current, active, and not in a state of suspension or revocation. ARTICLE 3 BASIC SERVICES 3.1 Basic Services 3.1.1 The Consultant shall perform as Basic Services the work and services described herein and as described in Exhibit A. ARTICLE 4 DURATION OF SERVICES 4.1 Scheduling of Services 4.1.1 The Consultant shall schedule and perform its activities in a timely manner. Revised 2/17 2 DocuSign Envelope ID:9481C8DE-D232-4BFE-A7DF-F240644DFF63 4.1.2 Should the County determine that the Consultant is behind the agreed upon schedule, it may require the Consultant to expedite and accelerate his efforts, including providing additional resources and working overtime, as necessary, to perform his services in accordance with the approved project schedule at no additional cost to the County. 4.1.3 The Commencement Date for the Consultant's Basic Services shall be September 11, 2017. ARTICLE 5 COMPENSATION 5.1 Compensation for Basic Services 5.1.1 Compensation for Basic Services shall include all compensation due the Consultant from the County for all services under this Agreement except for any authorized Reimbursable Expenses which are defined herein. The maximum amount payable for Basic Services is Fifty Three Thousand Nine Hundred and Eighty Dollars ($53,980.00). Payment for Basic Services shall become due and payable in direct proportion to satisfactory services performed and work accomplished. ARTICLE 6 RESPONSIBILITIES OF THE COUNTY 6.1 Cooperation and Coordination 6.1.1 The County has designated the Deputy County Manager to act as the County's representative with respect to the Project and shall have the authority to render decisions within guidelines established by the County Manager and the County Board of Commissioners and shall be available during working hours as often as may be reasonably required to render decisions and to furnish information. 6.1.2 The County shall be solely responsible for determining whether Consultant as satisfactorily completed Tasks. It is agreed that County shall not unreasonably withhold its determination of satisfactory completion of any Task. In the event the amount of an invoice is disputed County may withhold payment until the dispute is resolved by the parties. County may also withhold payment on an invoice until the satisfactory completion of a Task by Consultant. ARTICLE 7 INSURANCE AND INDEMNITY 7.1 General Requirements 7.1.1 Consultant shall obtain, at its sole expense, Commercial General Liability Insurance, Automobile Insurance, Workers' Compensation Insurance, Professional Liability Insurance, and any additional insurance as may be required by Owner's Risk Manager as such insurance requirements are described in the Orange County Risk Transfer Policy and Orange County Minimum Insurance Coverage Requirements (each document is incorporated herein by reference and may be viewed at http://vwwv.orangecountync.gov/departments/purchasing division/contracts.php). If Owner's Risk Manager determines additional insurance coverage is required such additional insurance shall be designated here (if no additional insurance required mark N/A as being not Revised 2/17 3 DocuSign Envelope ID:9481C8DE-D232-4BFE-A7DF-F240644DFF63 applicable). Consultant shall not commence work until such insurance is in effect and certification thereof has been received by the Owner's Risk Manager. 7.2 Indemnity 7.2.1 The Consultant agrees to indemnify and hold harmless the County from all loss, liability, claims or expense, including attorney's fees, arising out of or related to the Project and arising from property damage or bodily injury including death to any person or persons caused in whole or in part by the negligence or misconduct of the Consultant except to the extent same are caused by the negligence or willful misconduct of the County. It is the intent of this provision to require the Consultant to indemnify the County to the fullest extent permitted under North Carolina law. ARTICLE 8 AMENDMENTS TO THE AGREEMENT 8.1 Changes in Basic Services 8.1.1 Changes in the Basic Services and entitlement to additional compensation or a change in duration of this Agreement shall be made by a written Amendment to this Agreement executed by the County and the Consultant. The Consultant shall proceed to perform the Services required by the Amendment only after receiving a fully executed Amendment from the County. ARTICLE 9 TERMINATION 9.1 Termination for Convenience of the County 9.1.1 This Agreement may be terminated without cause by the County and for its convenience upon seven (7) days prior written notice to the Consultant. 9.2 Other Termination 9.2.1 The Consultant may terminate this Agreement based upon the County's material breach of this Agreement; provided the County has not taken all reasonable actions to remedy the breach. The Consultant shall give the County seven (7) days' prior written notice of its intent to terminate this Agreement for cause. 9.3 Compensation After Termination 9.3.1 In the event of termination, the Consultant shall be paid that portion of the fees and expenses that it has earned to the date of termination, less any costs or expenses incurred or anticipated to be incurred by the County due to errors or omissions of the Consultant. 9.3.2 Should this Agreement be terminated, the Consultant shall deliver to the County within seven (7) days, at no additional cost, all Deliverables including any electronic data or files relating to the Project. 9.4 Waiver Revised 2/17 4 DocuSign Envelope ID:9481C8DE-D232-4BFE-A7DF-F240644DFF63 9.4.1 The payment of any sums by the County under this Agreement or the failure of the County to require compliance by the Consultant with any provisions of this Agreement or the waiver by the County of any breach of this Agreement shall not constitute a waiver of any claim for damages by the County for any breach of this Agreement or a waiver of any other required compliance with this Agreement. 9.5 Suspension 9.5.1 County may suspend the work at any time for County's convenience and without penalty to County upon three (3) days' notice to Consultant. Upon any suspension by County, Consultant shall discontinue the work and shall not resume the work until notified to proceed by County. ARTICLE 10 ADDITIONAL PROVISIONS 10.1 Relationship of Parties 10.1.1 Consultant is an independent contractor of the County. Neither Consultant nor any employee of the Consultant shall be deemed an officer, employee or agent of the County. Consultant's personnel shall not be employees of, or have any contractual relationship with, the County. 10.2 Limitation and Assignment 10.2.1 The County and the Consultant each bind themselves, their successors, assigns, and legal representatives to the terms of this Agreement. Neither the County nor the Consultant shall assign or transfer its interest in this Agreement without the written consent of the other. 10.3 Governing Law 10.3.1 This Agreement and the duties, responsibilities, obligations and rights of respective parties hereunder shall be governed by the laws of the State of North Carolina. Consultant shall at all times remain in compliance with all applicable local, state, and federal laws, rules, and regulations including but not limited to all state and federal anti-discrimination laws, policies, rules, and regulations and the Orange County Non-Discrimination Policy and Orange County Living Wage Policy (each policy is incorporated herein by reference and may be viewed at http://www.orangecountync.gov/departments/purchasing division/contracts.php). Any violation of this requirement is a breach of this Agreement and County may immediately terminate this Agreement without further obligation on the part of the County. This paragraph is not intended to limit the definition of breach to discrimination. By executing this Agreement Consultant affirms that Consultant and any subcontractors of Consultant are and shall remain in compliance with Article 2 of Chapter 64 of the North Carolina General Statutes. Where applicable, failure to maintain compliance with the requirements of Article 2 of Chapter 64 of the General Statutes constitutes Consultant's breach of this Agreement. By executing this Agreement Consultant affirms Consultant is in compliance with Article 2 of Chapter 64 of the North Carolina General Statutes. By executing this Agreement, Consultant certifies that Consultant has not been identified, and has not utilized the services of any agent or subcontractor, on the Iran divestment list created by the State Treasurer pursuant to G.S. 147- 86.58. Revised 2/17 5 DocuSign Envelope ID:9481C8DE-D232-4BFE-A7DF-F240644DFF63 10.4 Dispute Resolution 10.4.1 Any and all suits or actions to enforce, interpret or seek damages with respect to any provision of, or the performance or non-performance of, this Agreement shall be brought in the General Court of Justice of North Carolina sitting in Orange County, North Carolina and it is agreed by the parties that no other court shall have jurisdiction or venue with respect to such suits or actions. The Parties may agree to nonbinding mediation of any dispute prior to the bringing of such suit or action. Under no circumstances shall any dispute be addressed through binding arbitration. 10.5 Extent of Agreement 10.5.1 This Agreement, together with the Request for Proposals together with attachments distributed by the County and the Consultant's submitted Proposal, all of which constitute the Contract Documents, represents the entire and integrated agreement between the County and the Consultant and supersedes all prior negotiations, representations or agreements, either written or oral. In the event of a conflict among the terms of the Contract Documents, the priority of documents shall be This Agreement, the County's Request for Proposals, attachments to the County's Request for Proposals, the Consultant's Proposal. This Agreement may be amended only by written instrument signed by both parties. Modifications may be evidenced by facsimile signatures. 10.6 Severability 10.6.1 If any provision of this Agreement is held as a matter of law to be unenforceable, the remainder of this Agreement shall be valid and binding upon the Parties. 10.7 Ownership of Deliverables 10.7.1 All Deliverables, together with all supporting materials, source documentation, data collected, field notes, and working drafts, developed in the performance of this Agreement shall become the property of the County and may be used on any other project without additional compensation to the Consultant. The use of the Deliverables by the County or by any person or entity for any purpose other than the Project as set forth in this Agreement shall be at the full risk of the County. 10.8 Non-Appropriation 10.8.1 Consultant acknowledges that County is a governmental entity, and the validity of this Agreement is based upon the availability of public funding under the authority of its statutory mandate. In the event that public funds are unavailable and not appropriated for the performance of County's obligations under this Agreement, then this Agreement shall automatically expire without penalty to County immediately upon written notice to Consultant of the unavailability and non-appropriation of public funds. It is expressly agreed that County shall not activate this non-appropriation provision for its convenience or to circumvent the requirements of this Agreement, but only as an emergency fiscal measure during a substantial fiscal crisis. Revised 2/17 6 DocuSign Envelope ID:9481C8DE-D232-4BFE-A7DF-F240644DFF63 In the event of a change in the County's statutory authority, mandate and/or mandated functions, by state and/or federal legislative or regulatory action, which adversely affects County's authority to continue its obligations under this Agreement, then this Agreement shall automatically terminate without penalty to County upon written notice to Consultant of such limitation or change in County's legal authority. 10.9 Notices and Signatures 10.9.1 This Agreement together with any amendments or modifications may be executed electronically. All electronic signatures affixed hereto evidence the consent of the Parties to utilize electronic signatures and the intent of the Parties to comply with Article 11A and Article 40 of North Carolina General Statute Chapter 66. 10.9.2 Any notice required by this Agreement shall be in writing and delivered by certified or registered mail, return receipt requested to the following: Orange County Consultant's Name & Address Attention: Travis Myren Gerald Newfarmer P.O. Box 8181 1730 Madison Rd Hillsborough, NC 27278 Cincinnati, OH 45206 [SIGNATURE PAGE TO FOLLOW] Revised 2/17 7 DocuSign Envelope ID:9481C8DE-D232-4BFE-A7DF-F240644DFF63 IN WITNESS WHEREOF, the Parties, by and through their authorized agents, have hereunder set their hands and seal, all as of the day and year first above written. COUNTY: Orange County CONSULTANT: Management Partners DocuSigned by: -DocuSigned by: Count ri:si42r55E477... Gerald NevvfaiEfif .';4Pittsident and CEO Printed Name and Title Revised 2/17 8 DocuSign Envelope ID:9481C8DE-D232-4BFE-A7DF-F240644DFF63 Exhibit A Scope of Services Orange County is engaging Management Partners to conduct a detailed expenditure and revenue analysis and a long term financial forecasting model to maintain financial sustainability and plan for the future. The County has recently lost the ability to collect impact fees for new school construction. The revenue generated by these fees was used to pay debt service associated with school construction. The loss of this revenue along with the ongoing cost to continue current services will stress the operating budget. The goal of this analysis is to identify operating budget pressures and opportunities, improve near term budget forecasting and modeling, and develop a longer range,five year, plan to inform decision making and financial planning. Expenditures and Revenues Analysis The outcome of this assignment will be an independent management report that describes the near- term financial outlook for Orange County. Management Partners will conduct a financial assessment that will review and validate (or recommend adjustments to)the County's revenue and expenditure projections, evaluate the stability of internal service funds and special funds that have the potential to impact the General Fund, and review key service costs. Management Partners will focus on areas where additional attention should be paid to fully address the County's financial challenges. As described below, Management Partners will engage the County's executive and financial team in the process to ensure that recommendations are based on accurate information and the latest financial data. Activity 1—Start Project Management Partners will begin this project with a kick-off meeting with the County Manager and key finance and budget staff. During this meeting, Management Partners will refine the project schedule, discuss the project objectives, and review the tasks to be undertaken. Management Partners will interview elected and appointed leaders to understand their perspectives on the challenges ahead. Management Partners will also submit a document and data request to the County. Activity 2—Gather Data and Create a Baseline Fiscal Trend Model Management Partners will initiate a careful learning phase to understand the County's current fiscal status and environment.This phase will include reviewing multi-year budget information, including revenue sources and amounts, expenditure allocations, reserves and other funds, budgetary reductions that have been made to date, the local community,the County's labor environment, and other relevant factors. Based on thins information, Management Partners will develop a multi-year fiscal model using the modeling tools the County currently uses for budget forecasting purposes. If these modeling tools do not exist or are inadequate, Management Partners will recommend and implement a modeling tool based on best practices. Management Partners will develop independent strategies grouped in four dimensions which,taken together, comprise a range of alternatives for closing any deficit gap identified by the model and create a stabilized and sustainable budget.They are: 1. New/Increased Revenue Sources.This involves identifying new revenue sources based on best practices, including user fee/cost recovery approaches. DocuSign Envelope ID:9481C8DE-D232-4BFE-A7DF-F240644DFF63 2. Expenditure Controls/Shifts.This refers to strategies that cap or save General Fund expenditures by shifting costs to other funds or service providers. 3. Service Delivery Model Changes.This includes looking at alternative, lower cost service delivery approaches. 4. Service Delivery Reductions.This involves reductions based on prioritizing core services and reducing non-core ones. During this activity, Management Partners will compile data to be used throughout the analytical phase of the project.This data will include budgets, department budgetary recommendations, analytical work, and other relevant information documented during this activity. In addition, Management Partners will review budgeting approaches and test budget assumptions against actual experience, and review and factor in the County's inventory of unmet or deferred infrastructure and maintenance needs,to the extent the information is available. Activity 3—Analyze Data Management Partners will analyze the data gathered through documents and interviews.This activity will identify historical trends and create a summary of the factors affecting the financial capacity of the County. As this data is gathered and analyzed, Management Partners will look for optimization opportunities that may exist; alternative service delivery approaches that might be possible; revenue enhancement options; potential redundancies in program operations; and the potential for organizational consolidation. Management Partners will also assess the strategies employed to date to ascertain which have been most effective in reducing costs and increasing revenues. Activity 4—Report Results Management Partners will prepare a draft report summarizing the results of the expenditure and revenue analysis and associated recommendations. All recommendations will be clearly presented and supported by analysis informed by best practices. The draft report will be reviewed with management to ensure factual accuracy. Once Management Partners has received the County's feedback, the report will be finalized. Financial Forecast Management Partners will complete a long range fiscal model to meet the needs of the County. The model will be designed to County specifications to model different scenarios involving expenditure and revenue variables.The model will have an easy to use dashboard so assumptions can be easily changed with respect to revenue growth, legal obligations, and expenditure assumptions by line item and other factors. Management Partners will coordinate closely with County staff to obtain data necessary for a solid financial forecast. Once the model is completed, it will be available for use by staff in the future. Management Partners will provide training and a user's guide so that County staff can update the forecast on a regular basis. DocuSign Envelope ID:9481C8DE-D232-4BFE-A7DF-F240644DFF63 Activity 1—Start Project Management Partners will begin this project with a careful learning phase, starting with a planning meeting with County managers to ensure a clear understanding of the County's objectives for the long- term forecast model.The purpose of the meeting is to finalize the proposed scope of work and business concerns giving rise to the project so the plan of work and schedule can be precisely tailored to Orange County's needs. During this initial meeting, Management Partners will discuss the schedule and data requirements for this assignment.Throughout the project Management Partners will keep the County Manager informed of progress, observations, and initial recommendations. Activity 2—Prepare Draft Long-Term Financial Forecast During this activity, Management Partners will prepare a long-term forecast for the County, using County data.The financial forecast includes the components detailed below. » Identify baseline cost assumptions.The baseline cost assumptions will include those pertaining to remaining competitive in the labor marketplace, meeting funding requirements for pension commitments or other legal obligations, internal service fund levels that lead to timely replacement, reserves, and other major factors.The expenditure forecast will include trend data. » Identify baseline revenue assumptions.The baseline revenue assumptions will include all major existing revenue sources along with the identification of risk factors pertaining to any of those sources. The revenue forecast will include trend data. Special attention will be paid to any specific restrictions associated with special revenue funds. » Create model scenarios.The forecast will have model scenarios, including a baseline and scenarios with different sets of assumptions. Scenarios above the baseline will include unmet needs that have been quantified by the County, such as capital, maintenance, internal support and service level increases. Management Partners will develop a draft and then review it in person with management staff to refine and validate the assumptions. All model data will be tied back to County source documents and explanations of the assumptions that underlie the model. After reviewing the model with the County, the draft model will be refined, and a final model will be developed suitable for presentation. Activity 3—Report Results Management Partners will prepare a draft memorandum describing the results of the forecast. Management Partners will meet with County staff to review the memorandum in detail and will then prepare a final version of the memorandum and forecast. Activity 4—Support Implementation The reports and models produced by Management Partners will become tools for setting priorities and for developing work plans. County staff will be trained on all of the capabilities of the model with the expectation that the staff will own and begin using the model as a daily tool.To facilitate this, Management Partners will plan several hours of training and provide full documentation. Briefings and Presentation Management Partners shall be prepared to conduct briefings on both the expenditure and revenue analysis and the long range plan to the seven members of the Board of Orange County Commissioners. These briefings may be done individually or in several small groups. Management Partners shall also be DocuSign Envelope ID:9481C8DE-D232-4BFE-A7DF-F240644DFF63 prepared to make one public presentation on the expenditure and revenue analysis and the long range financial forecast as requested by the County Manager. Schedule The following proposed schedule allows the appropriate time to develop, test, and review both the fiscal trend model and financial forecast, but can be adjusted to suit the County's needs as the project progresses. qiV V m Vlllllllllll �u w V V m4uuiii"i ui�uV i °� 0 0 9 =0II•uui . iiuii i uii a u i uu uu uuu mduui no iii ii Conduct kickoff meeting 1 week September 25-27 Conduct initial interviews September 25-27 Submit data and document request September 25-27 Develop baseline fiscal trend model 1 week September 28-October 6 ....... .. .. .. ..... ... ... .... ........ ... .... .. ... .... .. ... .. .. ... ... .. .. ... .. ... ........................................................................................................................................................ Enter data and test fiscal trend model 2 weeks October 9-20 Review with County 1 week October 30-31 ....... .. .. ..... .. ...... .. ... ... .... .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. Submit model and memo summarizing our analysis, 3 weeks November 1-22,to be observations and recommendations submitted November 28 Prepare draft long-term financial forecast 4 weeks October 16-November 10 ....... ..... ... .. ..... ..... .. ... .. .. ........ ...... ..... ... .. .. ..... ... ..... ..... .................................................................................................................................................................................................................................................................................................................................................................................................................. Enter data and test forecast 2 weeks November 13-22 Review with County 2 weeks November 27-December 8 Submit forecast with base scenario and memo 2 weeks December 11-29,to be summarizing our analysis and documentation on how submitted January 5 the forecast model works Present forecast to County Commissioners and Board of 1 week When scheduled County Commissioners Train staff on use of forecast 1 week Immediately after presentation to Board Payment Schedule Orange County will make payments to Management Partners in an amount not to exceed fifty three thousand nine hundred and eighty dollars ($53,980.00). Payments shall be based on Management Partners meeting specific objectives: • Completion of initial field work and data request $10,000.00 • Acceptance by the County of the Final Expenditure and Revenue Analysis $15,242.50 • Acceptance by the County of the Final Long Range Financial Forecast $15,242.50 • Completion of Briefings and one Public Presentation of the Final Expenditure and Revenue Analysis and the Final Long Range Financial Forecast $13,495.00 TOTAL COMPENSATION $53,980.00 DocuSign Envelope ID:9481C8DE-D232-4BFE-A7DF-F240644DFF63 ± CERTIFICATE OF LIABILITY INSURANCE 9/13/2017 DATE M; A D/ Y) ® A ± D® THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER,AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED,the policy(ies)must be endorsed. If SUBROGATION IS WAIVED,subject to the terms and conditions of the policy,certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). CONT PRODUCER NAMEACT Vicki Dixon HAUSER PHONE FAX 5905 E. Galbraith Rd Suite 9000 E-/CA, EXt):513-745-9200 (A/C,No):513-745-9129 Cincinnati OH 45236 ADDRESS:Vdixon©p thehausergroup.com INSURER(S)AFFORDING COVERAGE NAIC# INSURER A:Ohio Security Insurance Co 24082 INSURED MANAG-2 INSURER B:American Fire&Casualty Co 24066 Management Partners, Inc. INSURER C:The Ohio Casualty Ins. Co. 24074 1730 Madison Road INSURER D:Conti nental Casualty Co. 35289 Cincinnati OH 45206 INSURER E: INSURER F: COVERAGES CERTIFICATE NUMBER:967500416 REVISION NUMBER: THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES.LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. INSR TYPE OF INSURANCE ADDL INSR SUBR WVD POLICY NUMBER POLICY EFF POLICY EXP LIMITS (MM/DD/YYYY) (MM/DD/YYYY) A GENERAL LIABILITY Y Y BKS57826057 3/1/2017 3/1/2018 EACH OCCURRENCE $1,000,000 X COMMERCIAL GENERAL LIABILITY PR S( RENTED PREMISES(Ea occurrence) $1,000,000 CLAIMS-MADE X OCCUR MED EXP(Any one person) $15,000 PERSONAL&ADV INJURY $1,000,000 GENERAL AGGREGATE $2,000,000 GEN'L AGGREGATE LIMIT APPLIES PER: PRODUCTS-COMP/OP AGG $2,000,000 POLICY PRO LOC OHIO STOP GAP $1,000,000 JECT B AUTOMOBILE LIABILITY Y Y BAA57826057 3/1/2017 3/1/2018 COMBINED SINGLE LIMIT (Ea accident) $1,000,000 X ANY AUTO BODILY INJURY(Per person) $ ALL OWNED SCHEDULED BODILY INJURY(Per accident) $ AUTOS AUTOS NON-OWNED PROPERTY DAMAGE X HIRED AUTOS X AUTOS (Per accident) $ $ C X UMBRELLA LIAB X OCCUR Y Y US057826057 3/1/2017 3/1/2018 EACH OCCURRENCE $3,000,000 EXCESS LIAB CLAIMS-MADE AGGREGATE $3,000,000 DED X RETENTION$0 $ A WORKERS COMPENSATION y XWS57826057 3/1/2017 3/1/2018 X WC STATU- OTH- AND EMPLOYERS'LIABILITY Y/N TORY LIMITS ER ANY PROPRIETOR/PARTNER/EXECUTIVE E.L.EACH ACCIDENT $1,000,000 OFFICER/MEMBER EXCLUDED? N N/A (Mandatory in NH) E.L.DISEASE-EA EMPLOYEE $1,000,000 If yes,describe under DESCRIPTION OF OPERATIONS below E.L.DISEASE-POLICY LIMIT $1,000,000 D Mgmt.Prof.Liability 596801719 6/20/2017 3/1/2018 Mgment Liab Profess. $1,000,000 Deductible Deductible $10,000 DESCRIPTION OF OPERATIONS/LOCATIONS/VEHICLES (Attach ACORD 101,Additional Remarks Schedule,if more space is required) CERTIFICATE HOLDER CANCELLATION 30 days except 10 days for non pay SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE Orange County THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN PO Box 8181 ACCORDANCE WITH THE POLICY PROVISIONS. Hillsborough NC 27278 AUTHORIZED REPRESENTATIVE weii.Azi_12,4e I ©1988-2010 ACORD CORPORATION. All rights reserved. ACORD 25(2010/05) The ACORD name and logo are registered marks of ACORD