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AI- 32623
Purchasing Department   14.B.
CC CONSENT
Meeting Date:
06/26/2012
Department Head:
Martha Salazar
Submitted By:
Vangie Garcia, PURCHASING DEPT.
Department:
PURCHASING DEPT.

Information

CAPTION

Acceptance and approval to renew the one (1) year as stated in Contract #C-10-026-07-20 with Lewis & Ellis Inc for the "Actuarial Consulting Services For Part I-GASB 43 AND/OR 45 OPEB Valuation Analysis and Part II-Health Benefits Reserve Analysis with same rates, terms and conditions.

BACKGROUND

Said services  as follow:
Valuation Analysis for year ending December 31, 2013 with study completion date of February 28, 2014.
(The OPEB Valuation Analysis study is perform every two (2) years)

Health Benefits Reserve Analysis as of December 31, 2012 with completion date of February 28, 2013.
(The Health Benefits Reserve Analysis is performed on yearly basis)

***Requesting authority to exercise the option to renew/extend for a one (1) term with same rates, terms and conditions as stated in original contract.  Contract renewal term will be from 07/20/12 through 07/19/13. RC Budget & Management Division.

Fiscal Impact

FISCAL YEAR:
2012
ACCT. #:
2201-415-00-115-009-0-311
FUNDS AVAILABLE Y/N?:
N/A
MATCHING FUNDS Y/N?:

BUDGETARY IMPACT:

Payment is due upon completion of projects. Part I and II will not be completed in 2012. Therefore, funding cannot be determined at this point for the following fiscal year.

Attachments

Form Review

Inbox Reviewed By Date
Purchasing / Internal msalazar 06/07/2012 02:25 PM
Budget and Management Ivan Cantu 06/07/2012 02:32 PM
Auditor's Office aduran 06/22/2012 03:13 PM
Form Started By:
vgarcia
Started On:
05/30/2012 03:28 PM
Final Approval Date:
06/22/2012