60.
Commissioners Court Meeting
- Meeting Date:
- 09/14/2026
- Title:
- Actuarial and IBNR Services
- Submitted for:
- Samantha Sanchez
- Submitted By:
- Maria Chavez
- Department:
- Risk Management
Subject:
Discussion and possible to approve the Terms of Engagement and Addendum for Actuarial Services between Webb County and Lewis and Ellis at a cost of Ten Thousand Seven Hundred Fifty Dollars ($10,750.00) for the fiscal year ending on September 30, 2026, and Seven Thousand Seven Hundred Fifty Dollars ($7,750.00) for the fiscal year ending on September 30, 2027. The actuarial analysis will encompass the post-employment health plan and Incurred But Not Report (IBNR) reserves for Webb County's medical, prescription and dental plans. [Account #6300-1090-001-432001]
Issue: Governmental account reporting needed by the Auditors' office on a yearly basis.
Solution: Approval by the Court to accept Lewis & Ellis as actuaries to provide the report will enable Risk Management to return in report on a timely basis.
Result: Report will be submitted to the court and the Auditors' office by the end of this year.
Issue: Governmental account reporting needed by the Auditors' office on a yearly basis.
Solution: Approval by the Court to accept Lewis & Ellis as actuaries to provide the report will enable Risk Management to return in report on a timely basis.
Result: Report will be submitted to the court and the Auditors' office by the end of this year.
Background:
Every year, Risk Management has always solicited actuary companies to work on the GASB 75 and IBNR reporting to supply to our Auditor's office.
Previous Court Action:
N/A
Fiscal Impact
- Budget Account Number:
- N/A
- Funding Source:
- N/A
- Balance:
- N/A
Financial Impact:
N/A