What must be submitted alongside lease agreements for shared service agreements?

When entering into shared service agreements, it is critical to demonstrate the financial viability and expected outcomes of such arrangements. Submitting an estimate of cost savings is essential for illustrating how the shared service will lead to more efficient use of resources and ultimately benefit the participating municipalities. This estimate gives insight into the anticipated financial advantages that can be realized from the partnership, thereby encouraging collaboration between entities.

Providing a clear and detailed estimate of cost savings helps stakeholders understand the potential for reduced expenses and improved services. It facilitates better decision-making as it highlights the tangible benefits of entering into the agreement, reinforcing the overall aim of shared services to capitalize on economies of scale.

In contrast, while an estimate of tax revenue might be relevant for broader financial planning, it does not directly address the outcomes of the agreement itself. A summary of costs, though informative, would focus merely on the expenses rather than the financial benefits. A list of previous agreements may offer context but does not provide the necessary financial projections that help establish the rationale for the new agreement. Thus, the inclusion of an estimate of cost savings stands out as a critical requirement for validating the shared service arrangement.