Board approves routine budget reclassifications and retirement plan restatement
The board approved a restatement of the 403(b) retirement plan to align with IRS and Secure Act guidance, and approved accounting transfers in nutrition ($100,000) and technology ($422,555) funds to align with state and GASB guidance; no new revenues or program changes were associated with these approvals.
The full story
Dr. Duke said the district is restating its 403(b) retirement plan to reflect current IRS preapproval requirements and the 2022 cumulative guidance and Secure Act provisions; he said there is no additional cost associated with the restatement. The board approved the restatement.
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