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Trona Joint Unified School District Agenda Packet 2026-06-25

District Considers Actuarial Services Contract with Foster & Foster

$8,000 (Actuarial Report $5,000; GASB 75 footnote FY 2027 $1,500; GASB 75 footnote FY 2028 $1,500)Trona Joint UnifiedFOSTER & FOSTERJune 25, 2026

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Description

Foster & Foster proposed an $8,000 engagement with Trona Joint Unified School District to prepare a July 1, 2026 actuarial valuation and GASB 75 footnote disclosures for fiscal years 2027 and 2028 related to postretirement health benefits. The scope includes liability calculations, reconciliations, and virtual meetings to explain results.

Contract Details

Contract Amount

$8,000 (Actuarial Report $5,000; GASB 75 footnote FY 2027 $1,500; GASB 75 footnote FY 2028 $1,500)

Vendor

FOSTER & FOSTER

Agency

Trona Joint Unified, CA

Contract Type

PROFESSIONAL_SERVICES

Document Date

June 25, 2026

Contract Term

Services tied to fiscal year beginning July 1, 2026 and footnote support for fiscal years ending June 30, 2027 and June 30, 2028

Renewal Date

2028-06-30

Renewal Info

One-time valuation with follow-up disclosure support for FY 2027 and FY 2028; no explicit renewal provisions described.

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