TO: Board of Supervisors
FROM: Christine Bricen᷉o, Chief Human Resources Officer
REPORT BY: Joy Cadiz, Staff Services Manager
SUBJECT: Agreement No. 270087B with GovInvest, Inc., dba TrueComp
RECOMMENDATION
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Approve and authorize Agreement No. 270087B with GovInvest, Inc., dba TrueComp for the term of July 1, 2026, through June 30, 2029, to provide labor costing software services. (Fiscal Impact: $90,000 annually; Budgeted; Discretionary)
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BACKGROUND
GovInvest, Inc., dba TrueComp, is an innovative software company that brought together leading actuaries, engineers, and designers to build technological solutions to empower government agencies to better control pension liability, other post-employment benefits (OPEB) liability, and debt management. This new agreement begins a new three-year term for their Labor Costing module which will allow forecasting and financial modeling to inform County decisions for labor negotiations and benefit costing. TrueComp is not a local vendor.
Requested Action: Approve and authorize Agreement No. 270087B with GovInvest, Inc., dba TrueComp, for the term of July 1, 2026, through June 30, 2029, to provide labor costing software services.
FISCAL & STRATEGIC PLAN IMPACT
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Is there a Fiscal Impact? |
No |
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Additional Information: |
County Initiative: Elevate County Service and Workforce Excellence |
ENVIRONMENTAL IMPACT
ENVIRONMENTAL DETERMINATION: The proposed action is not a project as defined by 14 California Code of Regulations 15378 (State CEQA Guidelines) and therefore CEQA is not applicable.