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Consultant will bill the City at the following hourly rates: <br />Partner & President $ <br />330 <br />Partner &,Vice President <br />280 <br />Assistant Vice President <br />250 <br />Associate Actuary <br />200 <br />Senior Actuarial Analyst <br />180 <br />Information provided and fees are as follows: <br />Project <br />Fees <br />Estimated <br />Fees <br />Not to <br />Exceed <br />Valuation report and meeting, including <br />g 6/30/19 funded status <br />§ 19/20 and 20/21 recommended contributions <br />$ 17,500 <br />$ 19,000 <br />GASBS 75 accounting report for FY 19/20 <br />2,000 <br />3,000 <br />GASBS 75 accounting report for FY 20/21 <br />2,000 <br />3,000 <br />Total <br />21,500 <br />25,000 <br />Consultant's fee estimate may be higher (but may not exceed the "not -to -exceed" amount <br />identified above) if: <br />Results are needed for additional assumptions, funding methods, contribution policies, <br />or alternative plan designs. <br />The City requests additional meetings. Consultant will base the fee for additional <br />meetings on billing rates above and the time needed for the meetings, including <br />preparation. <br />The City requests assistance with financial statement disclosure under GASB 75 beyond <br />the GASB 75 reports (which will contain all actuarial information needed for the <br />disclosures). <br />Timing <br />Consultant shall complete the valuation within 6 to 8 weeks after receipt of all requested <br />information and the City replies to any questions Consultant may have after the initial review <br />of the data provided. <br />FULTAIEIDIOZI WLY1A <br />Page 10 of 10 <br />ATTY/AGR.2019.077/Bartel Associates, LLC <br />