Department of Finance hires FTI Consulting to assess
overhead costs and revenue collections processes.
Philadelphia, July 24, 2012– The City of Philadelphia announced that it has selected FTI Consulting to serve as a consultant for overhead costs and revenue collections processes. FTI will work in partnership with the Office of Budget and Program Evaluation to improve the effectiveness and efficiency of operations by analyzing overhead costs and the revenue collection processes and making recommendations for better practices.
“Our Administration is continually working to find ways to reduce the cost of doing business and to make it more effective and more efficient,” said Mayor Michael A. Nutter. “FTI Consulting will work closely with the Department of Finance to ensure that Philadelphia’s tax dollars will be put to best use for its’ citizens.”
Overhead costs that will be assessed include: telephone bills, utility costs, gasoline purchases, lease costs and supply purchases. FTI Consulting will analyze and review billing and collections across City agencies, including: the Department of Revenue, the Streets Department, Licenses and Inspections, Department of Records and Fire Department.
Budget Director Rebecca Rhynhart said, “FTI will bring private market expertise to the City’s efforts to improve efficiencies in operations with the end goal to provide the best service to taxpayers at the lowest possible cost. I look forward to working on this project and getting FTI’s recommendations for change.”
FTI will compile a report with recommendations by November 2012 and will provide day-to-day support during the implementation process.
Kevin Lavin, Senior Managing Director of FTI Consulting, added, “We are truly excited about the opportunity to work with the City on these important initiatives and we look forward to identifying and implementing tangible improvements.”
FTI Consulting is a global business consulting firm with more than 3,500 employees in 26 countries.