HomeMy WebLinkAboutActuaries Northwest 2014-15J∬″Actuaries Northwest
」anuary 16,2015
Ap∥l Burton
Distnct clerk
8onnev∥le」oint School District No 93
3497 N Ammon Road
ldaho Fa∥s,lD 83401
Re: Bonneville Joint School District 2014/2015 Fiscal Year GASB45Valuation Follow up
Dear Ms. Burton:
We are contacting you regarding the required 2O1412015 Bonneville Joint School District GASB
45 valuation. Our records show when we provided you with the prior GASB 45 valuation for the
201212013 fiscal year the next valuation would be required in two years. We welcome the
opportunity to provide Bonneville Joint School District with our seryices again and have Provided
a description of the project deliverable and proposed fee schedule below.
Project Deliverable
The project deliverable is similar to whal we previously provided, a written valuation report
complying with the regulations of GASB 45. The valuation report will be based on assumptions,
methodologies and raporting requirements prescribed by GASB 45 regulations and all
corresponding actuarial standards of practice.
The timing of the valuation reports will be based on lhe phase-in rules prescribed in the
regulations, along with receipt of the required data and information as outlined in Exhibit A. Our
goal is to complete the valualions within four weeks of receipt of all required data.
Proposed Fees
The proposed fee is as follows:
2014 I 2015 Fiscal Year Valuation: $9,000
The fees assume data collectlon by the Bonneville Joint School District, wilh verification and
review performed by Actuaries Northwest. The fees do not include travel expenses or report
16618 SE 45h Slreet, aellevue, WA 98006
425_835.3805
't 661 I sE 4sG streol
B6ll6vue, WA 98006
Phone: 425-835-3005
Mobile: 425-220S966
Fax: 425-341-9104
E-mail: Mid)ael@acluariesnw.com
Ms. Burton
Page 2 ol 3 Actuaries Northwest
presentations to the district, which are reimbursable based on actual travel costs wilhout mark-
up and standard hourly billing rates.
lf you are in agreemenl with us providing lhe 20141201'5 valualion services for the proposed
fees, please sign the docum ent below and return to my attention.
Signed and agreed to by:
e.cler
Thank you again for your consideration Please ca∥me with any questions at(425)220‐6966
Sincerely,
″―
Michaei EI∥ston
ASA,MAAA,FCA
GASB 45 Fo∥ow up―ol‐40‐15 dOC
MLE′kwg
CCI Kelly Crebinsky
16618 sE 45i Ave sE. Bettevue. wA 98006
425.220.6066