Actuarial Services for GASB 74 & 75

Hidalgo County has issued a request for proposals to secure actuarial services related to GASB 74 and 75 accounting standards, with a scheduled release date of January 27, 2024. The project aims to engage qualified firms to provide specialized actuarial analysis and consulting to support the county’s financial reporting requirements for post-employment benefit plans. Interested vendors are invited to submit their proposals by February 14, 2024, and are encouraged to review the detailed procurement packet carefully, which includes updated requirements and instructions. The county emphasizes the importance of adhering to all specifications and provides contact information for assistance, including Olga Garza from the Hidalgo County Human Resources Department. The contract is managed under solicitation number 23-0423-02-14-08 and falls under the NAICS code 524298, which pertains to other insurance agencies and brokerages. The project is managed by the Texas Hidalgo County Human Resources Department, with the procurement process facilitated through the county’s online portal. The scope involves providing actuarial services to ensure compliance with GASB standards, which are critical for accurate financial disclosures related to post-employment benefits. The county’s procurement process underscores transparency and encourages qualified firms to participate in this opportunity to support their financial and actuarial needs.