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Commissioners approve CapRisk contract for actuarial valuations for 2024–2029
Summary
Washington County authorized an engagement with CapRisk Consulting Group to perform actuarial valuations tied to post-employment benefits for fiscal years 2024–2029 and to support the county’s external audit (GASB 75 reporting).
Washington County Commissioners Court on May 6 approved an engagement letter with CapRisk Consulting Group to provide actuarial valuation services for fiscal years 2024 through 2029.
Staff explained CapRisk’s work supports the county’s calculation of liabilities for post‑employment benefits and workers’ compensation that are reported under GASB 75 for the county’s external audit. Court discussion noted the county generally obtains actuarial evaluations every other year and that CapRisk prepares reports when changes require a new valuation.
The commissioners moved and seconded the contract approval and voted in favor; the presiding officer announced the motion carried. The agreement authorizes the county judge to sign the engagement letter.
The contract is intended to produce valuations used in the county’s financial statements and audit process.
