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Board authorizes GASB 75 interim update from Sound Actuarial Consulting for $1,300
Summary
Trustees authorized the Clerk to sign a proposal with Sound Actuarial Consulting for an interim update to the GASB 75 report at a price not to exceed $1,300; the motion was moved by Mayor Moshe Blinder and seconded by Trustee Russel Weinrib and approved unanimously.
On motion by Mayor Moshe Blinder, seconded by Trustee Russel Weinrib, the Board unanimously authorized the Clerk to sign a proposal from Sound Actuarial Consulting for an interim update of the GASB 75 report at a price not to exceed $1,300.00. The action was recorded as an authorization for the Clerk to execute the contract; no further contract number or start date is specified in the minutes.
The GASB 75 update is an actuarial accounting update related to postemployment benefits; the minutes record the vendor name (Sound Actuarial Consulting), the purpose (interim update of the GASB 75 report), and the authorized maximum fee ($1,300.00). The Clerk is authorized to sign; the minutes do not record any dissenting votes.
