File #: 26-0011A    Version: 1 Name: Amendment No. 1, Services Agreement - Hazard, Young, Attea & Associates - Fiscal Advisory Team/ Services - Superintendent of Schools
Type: Agreement or Contract Status: Board, New Business
File created: 3/24/2026 In control: Board of Education
On agenda: 3/25/2026 Final action:
Enactment date: Enactment #:
Title: Approval by the Board of Education of Amendment No. 1, Services Agreement by and between the District and Hazard, Young, Attea & Associates, Arlington Heights, IL, for the latter to provide additional Fiscal Advisory Team Services supports as described, in Section 1A of the Amendment: 1. Advise on the implementation of Fiscal Stabilization Plan approved by the Board of Education on February 25, 2026, 2. Development of the financial disclosures pursuant to Government Code section 42130 (AB 1200) for bargaining units, 3. Adoption of a balanced budget for the 2026-2027 school year, and 4. Advise on potential restructuring of the Finance Division, by an additional $450,000.00, increasing the not-to-exceed amount of the Agreement from $415,000.00 to $865,000.00 and extending the term of the Agreement from December 20, 2025 through May 1, 2026 to December 31, 2026. All other terms and conditions of the Agreement remain in full force and effect.
Attachments: 1. 26-0011A Amendment No. 1, Services Agreement - Hazard, Young, Attea & Associates - Fiscal Advisory Team/ Services - Superintendent of Schools

Title

Approval by the Board of Education of Amendment No. 1, Services Agreement by and between the District and Hazard, Young, Attea & Associates, Arlington Heights, IL, for the latter to provide additional Fiscal Advisory Team Services supports as described, in Section 1A of the Amendment:

1. Advise on the implementation of Fiscal Stabilization Plan approved by the Board of Education on February 25, 2026,

2. Development of the financial disclosures pursuant to Government Code section 42130 (AB 1200) for bargaining units,

3. Adoption of a balanced budget for the 2026-2027 school year, and

4. Advise on potential restructuring of the Finance Division,

by an additional $450,000.00, increasing the not-to-exceed amount of the Agreement from $415,000.00 to $865,000.00 and extending the term of the Agreement from December 20, 2025 through May 1, 2026 to December 31, 2026.  All other terms and conditions of the Agreement remain in full force and effect.