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Council approves two‑year actuarial consulting contract required for annual audit

City of Park Rapids City Council · October 28, 2025
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Summary

The council authorized a consulting contract with USI, Hildi Inc. for required actuarial evaluation services covering the 2026–2027 audit period.

City Administrator Angel Weasner said the contract with USI, Hildi Inc. provides actuarial evaluation services required for the city's annual audit and covers the two‑year audit period for 2026 and 2027. The council approved Resolution #2025-176 authorizing the contract on unanimous vote.

"Part of our annual audit, we are required to have an actuarial evaluation study done, and this is the consulting firm that does that for us," Weasner said. The contract was presented as a standard, routine engagement to meet audit requirements.