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County approves $12,640 actuarial engagement for OPEB reporting
Summary
Randall County approved a $12,640 engagement with the actuarial firm named in the transcript for an OPEB valuation required under GASB 75 to support annual financial reporting.
County staff asked commissioners to approve an engagement letter with the actuarial firm listed in the transcript for other post-employment benefits (OPEB) valuation work required under GASB 75. The cost reported for the engagement was $12,640.
Staff said the firm (named in the meeting as "Gabrielle Rother Smith and Company" in the transcript) has provided services in prior years and that the work produces numbers used in the county's financial statements. Commissioners asked whether the county uses optional additional services; staff said they typically do not for routine valuations. The court approved the engagement by voice vote (5–0).
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