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City hears update on actuarial valuation for Whisper Water plan ahead of June 30 audit deadline
Summary
City staff told the mayor and council an actuarial valuation needed for the June 30, 2025 annual audit is in progress but may be delayed a week due to the actuary firm's point of contact being out on a family emergency.
City finance staff updated the Lewisburg mayor and council on the status of an actuarial valuation required for the June 30, 2025 annual audit and said the work remains in progress but may be marginally delayed.
Jake (last name not provided), appearing for the city, said the city engaged an actuary firm, referred to as 1America, and provided requested documents in mid-May. He told the council the actuary’s assigned contact sent an out‑of‑office autoreply on May 29 for a family emergency and the firm is working to reassign or…
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