Mosquito and Vector Management District of Santa Barbara County Agenda Packet 2026-06-11
Foster & Foster Consulting Actuaries Engaged for Actuarial Services
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Description
The District approved an agreement with Foster & Foster Consulting Actuaries, Inc. effective May 15, 2026 through February 28, 2028, for GASB 74/75 actuarial services related to retiree health benefits. Total contract value is $4,000 for a full valuation and $2,000 for a roll-forward, with a 10% discount available for early signing.
Contract Details
Contract Amount
$4,000 for full valuation, $2,000 for roll-forward valuation; $3,600 if contract signed by July 1, 2026 (10% discount on full valuation)
Vendor
FOSTER & FOSTER CONSULTING ACTUARIES INC
Agency
MVMD of Santa Barbara County, CA
Contract Type
PROFESSIONAL_SERVICES
Document Date
June 11, 2026
Contract Term
May 15, 2026 to February 28, 2028
Renewal Date
2028-02-28
Renewal Info
Eligible for early signing discount if executed by July 1, 2026. Termination options: 60-day notice without cause; 30-day for cause.
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