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Hewlett Neck approves GASB 75 actuarial study, caps cost at $3,200
Summary
The Board authorized signing a proposal with Sound Actuarial Consulting to produce a GASB 75/OPEB analysis report at a price not to exceed $3,200.
The Board authorized the Village Clerk to sign a proposal from Sound Actuarial Consulting to prepare the GASB 75/OPEB analysis report, with the contract capped at $3,200. The motion was made by Mayor Moshe Blinder, seconded by Deputy Mayor Isaac Showman, and approved unanimously.
The engagement will provide the actuarial calculations the village requires to comply with GASB 75 reporting obligations related to other post‑employment benefits. The minutes record only authorization of the proposal and the not‑to‑exceed price; contract terms and scope are to be executed by the Clerk under the Board’s authorization.
