The City Council has hired an accounting firm to do a cash-flow analysis in light of the county investment pool collapse.
Since the county's financial debacle unfolded last month, city finance staffers have logged nearly 1,000 hours crunching numbers, and they need time to tend to other projects, said Paul Gudgeirsson, director of management and budget.
The council voted unanimously on Wednesday to pay KPMG Peat Marwick up to $15,000 for the cash-flow analysis and review. The work is expected to take about 133 hours.
Although city officials have described the immediate impact of the county bankruptcy on city coffers as minimal, Gudgeirsson said a financial contingency plan should still be done.
