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Board OKs GASB 74/75 engagement with Gabriel Roeder Smith
Summary
The VEBA Board approved an engagement letter with Gabriel Roeder Smith & Company to perform valuations under GASB Statements Nos. 74 and 75; the motion passed unanimously.
The Kent County VEBA Board voted to approve an engagement letter from Gabriel Roeder Smith & Company to perform valuations required by GASB Statements Nos. 74 and 75. Vice Chair Jeff Dood reviewed the proposed fees and services and moved for approval; Treasurer Peter MacGregor supported the motion and the board approved it unanimously.
The motion authorizes GRS to complete the GASB 74 and 75 valuation work needed for retiree health accounting and disclosures. The transcript does not record a fee amount or a planned delivery date; staff will coordinate contracting and delivery timelines with GRS following the board's approval.
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