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36.

Meeting Date:	10/26/2015
Retiree Actuarial
Submitted for:	Cynthia Mares	Submitted By:	Elizabeth Araiza
Department:	Administrative Services

Subject:

Discussion and possible action to authorize a professional service agreement with the Lewis & Ellis, Inc., for the mandated Governmental Accounting Standard Board (GASB) Statement 45 for the accounting and financial reporting for the Retiree Fund Program at a cost not to exceed TWO THOUSAND FIVE HUNDRED DOLLARS ($2,500.00) and requesting an exemption from Section 262.024 of the Local Government code (Competitive Proposal Requirements) and authorizing the Count Judge to execute all relevant documents. [Account #863-0105-6022 (Professional Services)]

Background:

New Government Accounting Standards Board (GASB 45) mandates government entities account for "Other Post-Employment Benefits" (OPEB). We have been doing business with this firm for the past 8 (8) years.

Previous Court Action:

N/A

Fiscal Impact

Budget Account Number:	N/A
Funding Source:	N/A
Balance:	N/A
Financial Impact:
This actuarial will be funded by account number : 863-0105-6022 (Professional Services).

Attachments
Retiree Actuarial