Actuarial Services to Value Other Post-Employee Benefits (OPEB) in Compliance with Governmental Accounting Standards Board Statement No. 75 (GASB 75)

Prospective actuarial services firms are hereby notified that the BEAUMONT-CHERRY VALLEY WATER DISTRICT (Owner) will receive sealed proposals for Professional Services necessary to provide actuarial services to value Other Post-Employment Benefits (OPEB) in compliance with Governmental Accounting Standards Board Statement No. 75 (GASB 75) for three (3) separate time periods for the fiscal years 2022, 2023, and 2024 for inclusion in the District’s Annual Comprehensive Financial Report (ACFR) as of December 31, 2022, December 31, 2023, and December 31, 2024, with the option of extending the contract for two (2) additional one-year periods, fiscal years 2025 and 2026, at the District’s sole discretion. Such proposals will be received until Wednesday, November 23, 2022, at 3:00 PM at the District Office, 560 Magnolia Avenue, Beaumont, California 92223, at which time said proposals will be publicly opened and read.

BCVWD will review all submitted proposals and make a recommendation of award to the District’s General Manager based upon the qualifications of the actuarial services firm and the associated cost of services. After the proposals have been evaluated, the highest-ranked firm may be interviewed. All actuarial services firms submitting a proposal will be notified in writing as to their status in the selection process.

BCVWD reserves the right to reject all proposals and to waive any irregularity. Time is of the essence, therefore the ability of the actuarial services firm to perform the services within the time specified will be considered during the award of the project. If BCVWD elects to award a contract for the services, the award will be made subsequent to the District Staff’s completion of the review of submitted proposals. Proposals shall be valid for a 90-day period. The effective date of the agreement shall be on or around January 16, 2023.

A PDF copy of the Request for Proposal may be obtained from Beaumont-Cherry Valley Water District’s website at www.bcvwd.org. Alternatively, a copy of the Request for Proposal may be obtained from the BCVWD at 560 Magnolia Avenue, Beaumont, California 92223.

For further information, contact Dr. Kirene M. Bargas, Director of Finance and Administration at Beaumont-Cherry Valley Water District, at (951) 845-9581 ext. 224.

Please see all documents posted below.