Discussion and possible action to accept a proposal from L & E Actuaries & Consultants for the Actuarial Report of Webb County's Self-Funded Workers' Compensation Program as of September 30, 2016 at a cost not to exceed $5,250.00 plus direct expenses. Requesting an exception from Section 262.023 of the Local Government Code (Competitive Proposal Requirements), and authorizing the County Judge to execute all relevant documents. [Account #817-0105-6022 (Professional Services)]
Issue: This annual actuarial report must be done to assist us in the budget process.
Solution: Approval of the agreement will initiate process.
Result: Early completion of this report will assist the Budged officers with the budget process.
Background:
Annually, Webb County has an actuarial valuation performed for its Self-Insure Workers' Compensation Program. This information is utilized by the Webb County Auditor's office and the Budget Officers for the year end reports. A preliminary report will be provided at the end of August '2016 and the final report at the end of September '2016.