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Board approves two-year actuarial contract to meet GASB 75 requirements
Summary
The Jackson County Board authorized a two-year actuarial services agreement (FY26–27) for GASB 75 reporting at $7,200 and directed the chair to sign. Human Resources presented the request and answered questions about vendor selection and minor price changes.
Don Swicker called the board to order and moved the agenda to human resources, where Becky Chapman asked the board to approve a two-year actuarial valuation services agreement to comply with GASB Statement 75 reporting requirements. Chapman told the board, "This does require an actuarial firm to actually tell us what our net OPEB liability is to meet auditing standards." She said the county has used the vendor historically and that the two-year fee is $7,200.
Supervisor discussion focused on price trends and vendor selection. A board member noted the cost had only increased "very minimally over the years" and that the county typically follows state auditor guidance on vendor recommendations. The board moved, seconded and approved the chair's authorization to sign the agreement. The motion carried with ayes recorded on the floor.
