Description
The City of Fitchburg, Wisconsin is seeking a qualified actuarial consulting firm to perform a Governmental Accounting Standards Board (GASB) Statement No. 75 actuarial valuation of its Other Post‑Employment Benefits (OPEB) for the 2024‑2025 measurement period. The engagement includes data review, valuation calculations, scenario analysis, preparation of a comprehensive report, and coordination with the City’s independent auditors. The firm must deliver the final valuation report before the auditors’ arrival in mid‑March 2027 and work within a maximum budget of $5,000.
• Scope: GASB 75 compliance review, actuarial valuation, liability analysis, financial reporting support, auditor coordination, written report, and presentation.
• Timeline: RFP issued 10/5/2026 → Questions due 10/15/2026 → Proposals due 10/29/2026 → Selection/contract November 2026 → Data collection Nov 2026‑Jan 2027 → Valuation Feb‑Mar 2027 → Final report before 3/15/2027.
• Budget: Not to exceed $5,000 (firm‑provided fee).
• Required qualifications: Experience with GASB 75 OPEB valuations for governmental entities, appropriate actuarial credentials, and ability to meet the schedule.
• Deliverables: Detailed actuarial valuation report (executive summary, assumptions, liability calculations, scenario analysis, supporting schedules) and oral presentation as needed.