DATE: April 4, 2016
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
SUBJECT:
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Consideration of Contract 2016-0093, an Agreement with Acuff & Associates for Actuarial Services related to the City of Franklin Employees Pension Plan (04/14/16 Finance 3-0)
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Purpose
The purpose of this memo is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning an agreement with Acuff & Associates to provide actuarial services for the City Pension Plan related to the City’s financial reporting requirements.
Background
The scope of work is listed on Schedule B in the attached document
Financial Impact
The final cost of the services proposed is $10,500 per year plus additional fees where provided.
Recommendation
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Staff recommends approval of the agreement.