NON-COMPETITIVE SALES AND SERVICES AGREEMENTNon-Competitive Sales and Services Agreement • February 7th, 2012
Contract Type FiledFebruary 7th, 2012Accounting Services is requesting Board approval to enter into a contract with Gabriel, Roeder, Smith and Company (GRS). The contract will engage GRS to prepare actuarial calculations for Other Post Employment Benefits (OPEB) for district retirees. Generally Accepted Accounting Principles (GAAP) requires a complete calculation to be performed by an independent actuarial firm on a semi-annual basis, and an update or roll forward calculation in the second year of the cycle. GRS has performed actuarial services for the District since fiscal year 2007. The fees provided for the current calculation and roll forward are: