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Docusign Envelope ID: 442FD49E-7363-4CD4-A433-A4AD16C3B517 Ms. Rose Beverly July 31, 2025 Page 2 a General Fund model framework; • Approach to integrating the City's financial data and revenue recovery strategies; • Types and level of detail required for model inputs/outputs by sources of available system data output; • Preferred format for presentation and selection of model results; ■ Preferred formats for presentation of model outputs/detailed results to City staff and presentation of summary results for other stakeholders and decision -makers; and • Types of scenarios the City would like to run and variables they would like to test. Other assistance may include, but is not limited to, the following: • Review of financial policies and key performance metrics; • Other professional services related to Strategic Financial Planning; • Presentation and/or discussion of rate and/or fee concepts and analyses results with key stakeholders and the public; • Participation and/or presentation in meetings with customers, decision -makers, and/or key stakeholders; and 0 Other services, as may be requested. As discussed, this open services agreement is not meant to define a specific scope or commit NewGen to deliver a highly complex, long-term financial planning tool. Instead, our work under this agreement will be to equip City staff with NewGen's expertise and support preparing a high level pro forma to guide decision-making on revenue and/or service level alternatives. Additional budget or even a separate scope may need needed If additional revenue recovery strategies or deeper financial analysis is requested. Assistance provided to the City will be performed at the direction of designated City staff. As services are requested and performed, NewGen will invoice the City on a monthly basis for actual hours worked at our then -applicable hourly billing rates, plus out-of-pocket expenses incurred at cost. Payment is due within thirty (30) days upon receipt of invoice. Our standing hourly billing rates at this time, which will remain in effect through December 31, 2025, are as follows: NewGen Strategies and Solutions 2025 Blllinq Rates Position Hourly Billing Rate Partner $280 —$440 Principal $275 —$440 Senior Manager $240 —$295 Manager $200 —$240 Senior Consultant $185 —$200 Consultant $175 —$185 Administrative Services $135 Note: Billing rates are subject to change based on annual reviews and salary increases. City of Paris, Texas FY 2025 Open Services Agreement