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FIRST AMENDMENT TO ACTUARIAL SERVICES AGREEMENT <br />THIS FIRST AMENDMENT to the ACTUARIAL SERVICES AGREEMENT originally <br />made and entered into on the 201h day of December, 2018, by and between the City of South Bend, <br />Indiana, acting by and through its Board of Public Works (hereinafter referred to as "Sponsor") <br />and CAVANAUGH MACDONALD CONSULTING, LLC, a Georgia corporation, 3550 Busbee <br />Parkway, Suite 250, Kennesaw, Georgia 30144, (hereinafter referred to as "CMC") is effective <br />this 1W day of March, 2019. <br />WITNESSETH: <br />WHEREAS the Indiana State Board of Accounts has indicated that certain assets of the <br />Sponsor could be considered as plan assets of the retirement benefit plans being valued; and <br />WHEREAS the inclusion of such assets significantly changes the nature of the GASB <br />valuation report and the work required to prepare such a report; <br />NOW, THEREFORE, the parties hereto agree as follows: <br />Section 6 of the Actuarial Services Agreement shall be amended to read: <br />Fees and Charges <br />Annual GASB 68 Actuarial Valuation (Fire Department) $ 4,000 <br />Annual GASB 68 Actuarial Valuation (Police Department) $ 4,000 <br />Total $ 8,000 <br />Reports to be provided to the City no later than March 27, 2019, <br />IN WITNESS WHEREOF, the parties hereto have executed this First Amendment <br />effective on the date first recited above. <br />SPONSOR Name: <br />A -PP " "' <br />Kwm*rd of PujA& Works <br />By <br />Printed Name: <br />Title: m <br />CAVANAUGH MACD01N"ALD`"CM7S1UtTING,'"LZC—`--- <br />By.........._-_......_ ......................_..... <br />Brent A. Banister, FSA, FCA, MAAA <br />Title: Chief Actuary <br />