Health and Welfare Services - Hildi Incorporated and the GASB Process

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Our involvement in the GASB 45 Process

Question: What is the nature of your active involvement in the monitoring (and making constructive input) to this process for implementation of this GASB 45 initiative and your demonstrated ability to assist clients in interpreting the results?

Answer: Hildi Incorporated has been actively involved in the implementation process of GASB Statement No. 45. The Hildi Incorporated team for Rosemount has met and collaborated with numerous professionals representing accounting firms, legal firms, and financial representatives working on establishing possible funding vehicles.

Jill Urdahl has been and will continue to be the featured actuarial speaker on GASB 45 at numerous state and national conferences. Hildi Incorporated is also a member of GFOA and MASBO.

Hildi Incorporated has contacted represented officials at the national offices of GASB and the GFOA to inquire about certain provisions within the GASB Statements 43 and 45. There is an implementation guide that has been issued on GASB 43/45 by the national GASB office to help answer questions and provide examples on a variety of questions that professionals dealing with the new statements have asked.

Hildi Incorporated receives daily updates from information agencies detailing any articles or issues that may have been raised on the subject.

Again, Hildi Incorporated has the distinct advantage of specializing in actuarial services under GASB 45. The majority of our firm’s business involves actuarial valuations for OPEBs under GASB Statement 45 and FASB Statement 106. The commitment has been made by Hildi Inc. to be recognized as an expert in the GASB 43/45 area of practice

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