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At the current retainer of $750 per month, Council meeting attendance was compensated at $147 <br />per hour. At the proposed $850 per month, meeting attendance would be compensated at $167 <br />per hour, assuming similar meeting lengths. <br />Finally, the Committee asked for additional information regarding the budgetary impact of the <br />proposed fee increase. As noted in our previous memorandum, the $5 per hour increase <br />proposed for 2021 represents only an inflationary adjustment since our current fees were <br />established in January 2019. <br />The total hours billed for the period July 2019 through June 2020, not including City Council <br />meeting time covered by the retainer, were 1757.2, and of these 250.9 were for COVID-19 work, <br />which should be reimbursed by federal funds. <br />Total time: 1757.2 x $5 per hour = $8,787 + $1200 retainer increase = $9,987 per year <br />/ $832 per month <br />Non-COVID: 1506.3 x $5 per hour = $7,532 + $1200 retainer increase = $8,732 per year <br />/ $728 per month <br />If meeting time were billed at the regular hourly rate of $210 per hour for partner time under the <br />proposed Fee Schedule for 2021, these amounts would increase by $2,757 per year to the <br />following: <br />Total time: $12,744 per year / $1,062 per month <br />Non-COVID: $11,489 per year / $957 per month <br />Please let me know if you have any questions or desire further information to evaluate our <br />proposed increase for 2021. <br />Kelly PC <br />999 18th Street, Suite 1450, Denver, CO 80202 <br />10 <br />