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<br />REQUEST FOR CITY COUNCIL AGENDA ITEM <br /> <br />Agenda Date Requested: June25. 2007 <br />Requested By: Michael G. Dolbv. CPA r <br />Department: Finance <br /> <br />Appropriation <br /> <br />Source of Funds: <br /> <br />Account Number: <br /> <br />Report: <br /> <br />Resolution: <br /> <br />Ordinance: X <br /> <br />Amount Budgeted: <br /> <br />Exhibits: Ordinance <br /> <br />Amount Requested: <br /> <br />Exhibits: Interlocal A2reement <br /> <br />Budgeted Item: <br /> <br />YES <br /> <br />NO <br /> <br />Exhibits: <br /> <br />SUMMARY & RECOMMENDATION <br /> <br />The City of La Porte would like to participate with the North Central Texas Council of Governments (NCTCOG) <br />through an interlocal agreement for cooperative purchasing for actuarial shared services. The city will be able to <br />obtain an actuarial study of its annual required contribution to fund health insurance for retirees as recommended for <br />implementation of Governmental Accounting Standards Board statement number 45 (GASB 45). The NCTCOG has <br />gone through the bid process and selected an actuarial firm. If the city participates in the cooperative purchasing <br />program, the city will able to obtain an actuarial study at a reduced fee. <br /> <br />Action Required bv Council: <br /> <br />Recommend that the Council receive and approve the interlocal agreement with NCTCOG. <br /> <br /> <br />Oa'e II <br />