Agenda Item
Meeting Date: 11/12/2019 - 6:30 PM
Category: Special, Legal, and Discussion Items
Type: Info
Subject: 10.6 Receive a report of the 2019 Governmental Accounting Standards Board (GASB) 75 Actuarial of Retiree Health Benefits.
Strategic Plan Reference:
Priorities: Communication #1: Seek, support, and encourage open and honest communication.
Priorities: Instruction #1: Prioritize the District and site budgets to meet students' needs.
Policy:
Attachment Supporting Materials: Actuarial valuation report Beaumont Unified School District 2019
File Attachment:
GASB 75 Report BUSD FY 6302019.pdf
Summary: The GASB Actuarial Valuation Retiree Health Program report is presented to the Board of Trustees for information and review.
Fiscal Impact/Source: The District selected Nyhart to perform an actuarial valuation of its retiree health program. The purpose of the actuarial valuation is to measure the District’s liability of retiree health benefits and to determine the District’s accounting requirements for other post-employment benefits (OPEB) under Governmental Accounting Standard Board Statements No. 75 (GASB 75).
Recommendation: The administration recommends the Board of Trustees of the Beaumont Unified School District receive a report of the 2019 Governmental Accounting Standards Board (GASB) 75 Actuarial of Retiree Health Benefits.
Approvals:
Recommended By:
Signed By:
Jennifer Ellis - Secretary IV
Signed By:
Carmen Ordonez - Director of Fiscal Services
Signed By:
Penni Harbauer - Assistant Superintendet
Signed By:
Terrence Davis - Superintendent