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Blair County approves actuarial services agreement for GASB disclosures
Summary
Blair County commissioners approved an actuarial services agreement with Foster & Foster Actuaries and Consultants on Nov. 13, 2025 to prepare annual valuations and disclosure information required under GASB Statements 74 and 75.
The Blair County Board of Commissioners approved an actuarial services agreement on Nov. 13, 2025 with Foster & Foster Actuaries and Consultants to prepare the county’s annual valuation and the disclosure information auditors require under GASB Statements 74 and 75.
Controller (Speaker 5) presented the contract dated Nov. 1, 2025, saying the arrangement will deliver the required GASB 74/75 reporting for post-employment benefits and that, combined with the retirement board’s contract, the county expects savings compared with prior arrangements. "We hate them," the Controller said in reference to GASB reporting requirements, underscoring the routine but resource-intensive nature of the work.
Chair (Speaker 1) moved to approve the agreement and the motion was seconded; the board approved the contract by voice vote. Controller (Speaker 5) told the board he expects "exceptionally better service" under the new arrangement and that the combined contracts produce savings compared with the county’s former vendor setup. The board expressed thanks to the Controller and his staff for the work.
The contract authorizes Foster & Foster to prepare an annual valuation and provide disclosure information to auditors in accordance with government accounting standards. The agreement was presented as effective 11/01/2025; the board approved execution at the Nov. 13 meeting.
