Actuary Services

2026-11-03

The District is seeking proposals from qualified actuaries to provide actuarial services for the District ’ s Other Post - Employment Benefits ( OPEB ) as required by GASB 75 and an optional report for information required by GASB 68 . Currently , the District is using CalPERS GASB 68 tool , but is exploring alternatives . GASB 75 establishes standards for recognizing and measuring net OPEB liabilities , related deferred outflows of resources and deferred inflows of resources , and OPEB expenses in the financial reports of the Commission . All requirements of GASB 75 , including note disclosure and required supplementary information about the defined benefit OPEB plan , must be included in the actuarial reports . The actuary must ( at a minimum ): • Ensure compliance with GASB 75 • Prepare the next two valuations for : • June 30 , 2026 that will provide recommended contributions / plan funding for fiscal years ended June 30 , 2026 and June 30 , 2027 and for the District ’ s audited Annual Comprehensive Financial Report ( ACFR ) • June 30 , 2027 that will provide recommended contributions / plan funding for fiscal years ended June 30 , 2027 and June 30 , 2028 and for the District ’ s audited Annual Comprehensive Financial Report ( ACFR ) • Provide all documents and information ( including the actuarial certification , funding policy certification , and Excel valuation information spreadsheet ) required by CalPERS for agencies • Meet with the District ( and its auditors if necessary ) to discuss and review the report • Assist in implementing any new GASB statement and other financial pronouncements related to OPEB and providing ongoing professional consultation • The annual reports for information necessary to prepare the District ’ s audited ACFR shall be provided by August 31 each year

California

2026-03-27