HomeMy WebLinkAboutPA_-_Finance_(Actuarial_Services)Docusign Envelope ID: 4696AE44-32DA-4EB1-A38F-6DADC51CBC75
City Clerk Use Only
Finance Committee
Approval Date 6/16/2025
City of Waterloo
Expenditure Pre -Authorization Request Form
The Finance Committee of the City Council is hereby requested to authorize the following
purchase or expenditure submitted by the Finance Department to expend
$ 10,000.00 plus est. shipping costs of $ 0.00 to pay for or purchase
actuarial services to calculate the city's post -employment retirement benefits liability
obligation under Government Accounting Standard 75.
This purchase or expenditure is being made because:
Vendor selected for this purchase:
Arthur J. Gallagher & Co
n Bids or written quotes were taken on this purchase, as follows:
n Bids or quotes were not taken on this purchase because:
Arthur J. Gallagher & Co provided a quote of $10,000. They have been completing the actuarial
work for us for a number of years and have data files built for the information,
minimizing the cost for the services.
Prior Committee Actions (Dates):
Please check the following box(es) as appropriate to describe the funding for this expense:
. General Fund IT Road Use Tax IT Sewer n Sanitation
ElBonds ❑ Federal/other grants ❑ Other (specify)
This expenditure is to be coded to the following budget line -item:
010-03-8950-1390
(Fund - Department - Activity - Account Number) (Project Code)
in which the budgeted amount is $ 13,000.00
and the current available balance is $ 13,000.00
Respectfully submitted,
Bridgett Wood
5/21/25
a —Signed by:
B r.1XWood 6/16/2025
(Signature Dept. Head or Designee)
Date Ignature Inance Dept. Review) Date
K:\shared goodies\forms\Expenditure Pre-Authorization.xls (Mar 2010)
Docusign Envelope ID: F49AF642-14AE-42E1-9BDE-621BD52E4A78
City Clerk Use Only
Finance Committee
Approval Date 6/16/2025
City of Waterloo
Expenditure Pre -Authorization Request Form
The Finance Committee of the City Council is hereby requested to authorize the following
purchase or expenditure submitted by the Finance Department to expend
$ 3,000.00 plus est. shipping costs of $ 0.00 to pay for or purchase
actuarial services required to complete annual 509A filing with the State of Iowa.
This purchase or expenditure is being made because:
Vendor selected for this purchase:
Arthur J. Gallagher & Co
n Bids or written quotes were taken on this purchase, as follows:
n Bids or quotes were not taken on this purchase because:
Arthur J. Gallagher & Co provided a quote of $3,000. They have been completing the actuarial
work for us for a number of years and have data files built for the information,
minimizing the cost for the services.
Prior Committee Actions (Dates):
Please check the following box(es) as appropriate to describe the funding for this expense:
. General Fund IT Road Use Tax IT Sewer n Sanitation
ElBonds ❑ Federal/other grants ❑ Other (specify)
This expenditure is to be coded to the following budget line -item:
010-03-8950-1390
(Fund - Department - Activity - Account Number) (Project Code)
in which the budgeted amount is
$ 13,000.00
and the current available balance is $ 13,000.00
Respectfully submitted,
Bridgett Wood 05/21/2025
(Signature Dept. Head or Designee)
,-Signed by:
B,z1.,arWood
Date Signature'i"inance Dept. Review)
6/16/2025
Date
K:\shared goodies\forms\Expenditure Pre-Authorization.xls (Mar 2010)