Description
The Town of Wake Forest is seeking a qualified firm to conduct a comprehensive cost recovery and fee study analysis for its Quality of Life departments, including Parks, Recreation and Cultural Resources, Wake Forest Renaissance Centre, Wake Forest Center for Active Aging, and Downtown Development. The study should review current user fees, identify total costs, and evaluate cost recovery levels and best practices for establishing fees. The selected firm will provide a report and present findings to the Town of Wake Forest Board of Commissioners. Key aspects of the project include:
• Conducting a comprehensive review of current fees and rate structures
• Meeting with staff to understand the Town's policies and practices
• Identifying total costs and evaluating cost recovery levels
• Evaluating and recommending best practices for vendor fees and food truck fees
• Recommending appropriate fees based on analysis and considering subsidy percentages
• Reviewing budget and operational expenses to maximize efficiency and cost savings
• Presenting findings to the Town of Wake Forest Board of Commissioners