GASB 75 Actuarial Valuation Services

The Valley Sanitary District is seeking proposals from qualified actuarial firms to perform essential services related to the valuation of its Other Postemployment Benefits (OPEB) plan in compliance with GASB Statement No. 75. The project involves conducting a comprehensive actuarial valuation to determine the District’s Total OPEB Liability, OPEB Expense, and related financial disclosures necessary for accurate and transparent financial reporting. The selected firm will be responsible for data collection, validation, and the preparation of detailed reports, including supporting schedules and presentations, to meet GASB requirements. The solicitation emphasizes the importance of qualified personnel, methodology, and experience, with a proposal deadline set for October 20, 2025. This RFP, issued on September 22, 2025, outlines the scope of work, proposal submission instructions, and evaluation criteria, with a focus on ensuring the District’s compliance with state and federal accounting standards. The contract size is estimated to range between $50,000 and $150,000, and the process includes a question deadline of October 6, 2025, prior to the final submission. The engagement will be governed by a professional services agreement that specifies the independent contractor status, insurance requirements, and other contractual obligations, ensuring the firm’s compliance with District policies. Holly Gould is the primary contact for inquiries, and the project aims to facilitate accurate financial disclosures related to the District’s postemployment benefits obligations.