[{"_1":2,"_112":-5,"_113":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,76,88,100],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},"mediaId",6306426,"mediaKeyId","2437703-b31da0e675873dd6fd472995f54c3616","parentId",2437703,"title","Consultant lays out options to prefund retiree health liability; board to consider trustee and trust choices","audioSeconds",702,"startMs",3866000,"endMs",4568000,"viewUrl","/Search/View?dp=1&key=2437703-b31da0e675873dd6fd472995f54c3616&start=3866&end=4568","thumbnailUrl","https://assets.pipeline.soar.com/2437703-b31da0e675873dd6fd472995f54c3616/thumbnail_3866000.jpg","articleUrl","/articles/6306426/California/Consultant-lays-out-options-to-prefund-retiree-health-liability-board-to-consider-trustee-and-trust-choices","mediaUrl","https://secure.pipeline.soar.com/6306426-3a1d5e6286102e304c51bee9b7978523/orig.mp4?Expires=1771163165&Signature=FVl46wGoAb4GI0xBaR2VnuTZ5uOvdEbWO6kkt-JzFmjKcCONty4ZCZ1bKX-dHKNs4pOOTiA~mg~u0-YVLHBUNYf0MJR4ENShEZVnDohnsQlq~tzwqyzN27xFkI8RQ3W1ioNoWb1P7nv~PUl4rm4~bJqfYmGZvzwQMYTVP9ezZT0hjoAAI-dgStczUbH9NmuaQQzYTItxeojo3uXD5NfXUiMG60ZA7R9IyGG~L5mPDXKh2dTwan8IPgqL~0n~YeQpUn3qKRE6wUL44YXEGJNwgrWusAc3KEWrAmokZP8zA6O0YTJDlCc5MMoEDCr5afO9D2olpESIZMJ0ex1068oMIg__&Key-Pair-Id=KUT5TJCACFTXG","author","Galt Joint Union Elementary","date","2025-02-27T17:38:34Z","article","A consultant presented the Galt Joint Union Elementary School District with options to prefund retiree health (OPEB) liabilities and described the trade-offs among investment allocations, expected returns and longer-term contributions.

Luis (presenting remotely) said the district has an accrued OPEB liability of about $6,300,000 on its financial statements and outlined the difference between ‘‘pay-as-you-go’’ and prefunding via an irrevocable trust. He explained that prefunding can reduce the reported liability because invested assets earn returns that allow use of a higher discount rate in actuarial calculations. Luis presented three modeled investment return scenarios (conservative ~5.5 percent; moderate ~6 percent; aggressive ~6.5 percent) and showed 20-year illustrations comparing cumulative pay-as-you-go expenditures versus prefunding contributions plus the assets that would accumulate under each assumed return.

Under the example calculations, paying benefits as they come over 20 years resulted in roughly $10.2 million in nominal payments with no assets set aside; a prefunding strategy produced higher total contributions over 20 years (estimates shown in the presentation) but left an asset pool that could be used for future retiree-health payments (examples given: $11,000,000 in trust assets under one scenario). Luis emphasized that prefunding is beneficial when a district expects to keep the assets dedicated to retiree benefits and can accept the limits of an irrevocable trust (assets generally available only to pay retiree health costs).

Trust selection and investment allocation are decisions the district must make; staff noted some trusts have more investment options and that contribution amounts and investment strategies can be changed after a trust is established. Trustees asked for follow-up documents comparing trust options and for specifics on how a prefunding schedule could fit within the district’s budgeting choices; staff said they will return with additional information and options.

Ending: No formal action was taken; staff will bring further analysis on trust types, funding scenarios and possible next steps for board consideration.","mediaType","Video","parentTitle","GJUESD Board of Education Meeting: February 19, 2025","oneSentenceSummary","A consultant presented scenarios and trade-offs for prefunding the district’s other post-employment benefit (OPEB) liability. Trustees asked for more information and for staff to return with trust-options analysis.","taxTitle","Galt Joint Union Elementary, School Districts, California","taxId",72558,"location","California","headline","","shortSummary",{"_33":77,"_35":36,"_37":38,"_39":78,"_41":79,"_43":80,"_45":81,"_47":82,"_49":83,"_51":84,"_53":85,"_55":56,"_57":58,"_59":86,"_61":62,"_63":64,"_65":87,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6306432,"Board delays vote on instructional-technology coordinator amid cost and priority concerns",4365,4417000,8782000,"/Search/View?dp=1&key=2437703-b31da0e675873dd6fd472995f54c3616&start=4417&end=8782","https://assets.pipeline.soar.com/2437703-b31da0e675873dd6fd472995f54c3616/thumbnail_4417000.jpg","/articles/6306432/California/Board-delays-vote-on-instructional-technology-coordinator-amid-cost-and-priority-concerns","https://secure.pipeline.soar.com/6306432-275a95e2b22e9324c7a10130f43f0c5e/orig.mp4?Expires=1771163165&Signature=glkbcKVgJX3p1waBp5vp1KqA98psYKdRnniKSPDDXrHGFctO~SfvYTuK-tjAdqfcweY53-Y8vtCODc4-g7i33QbC28tYWtpccrcwsWaTAwQgrrHrk2pcvI0hJG8Ahz4XJvtrjYgCywK8P3FHq1WijB-JFYiW4pEqA0YgfQAaFgWAtHAO8iBr9jrYM0whmmRE53T6VCbhj4FaU1vNKaioO5Z9smRZxfD9sH5~4CFmO2GZ~xlhUHXfZWSjKEOCJVTGeh6XGQ4aQw7GXqYZ9YMS4iKXmv3dJo3SKQAWveFqPGE~lEwDSLDu1IOgvHAdFPSv2IwrnHyHQRCFtsYmcwSL9w__&Key-Pair-Id=KUT5TJCACFTXG","The Galt Joint Union Elementary School District board postponed a decision on creating an administrative-level instructional technology coordinator after public comment and trustee questions about priorities and funding.

Teacher representative Kristen Zipper, speaking in public comment, said some teachers would welcome additional instructional-technology support but asked whether staff had surveyed teachers to determine priorities and whether the district had considered lower-cost alternatives. \"We have ideas,\" Zipper said, and she cautioned against creating a higher-salary management position at the expense of classroom needs such as reducing combo classes and restoring music programs.

District staff described the proposed role as a site-level administrator with an administrative credential. Staff said the job would oversee instructional-technology strategy, help develop AI and privacy policies, coordinate professional development and support curriculum implementations that include digital tools. Staff emphasized the difference between the district’s technical team (networking, Chromebooks and infrastructure) and the proposed coordinator, who would focus on instructional integration and teacher coaching.

Staff suggested initial funding could come from discretionary one-time block grants (the district’s rough estimate of discretionary block funding was presented as approximately $1 million for the district), and staff confirmed the addition would remain within the district’s administrator-to-teacher ratio. Board members asked for detail on expected costs, share arrangements with the high school district and teacher demand for technology coaching.

Trustee Catherine Harper moved to table the job-description item to the March meeting to allow more information gathering; Trustee Wesley Cagle seconded. The motion to table carried unanimously (Trustees Casey Raboy, Annette Coonsie, Matthew Ward, Catherine Harper and Wesley Cagle voted aye).

Ending: Staff will return with additional cost estimates, possible funding scenarios and information on regional sharing options and teacher demand; the board will reconsider the item in March.","The board heard a proposed administrative-level instructional technology coordinator job description and public comment from teachers. Trustees voted to table the item to the next meeting while staff gathers more information about costs, funding sources and potential partnerships.",{"_33":89,"_35":36,"_37":38,"_39":90,"_41":91,"_43":92,"_45":93,"_47":94,"_49":95,"_51":96,"_53":97,"_55":56,"_57":58,"_59":98,"_61":62,"_63":64,"_65":99,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6306437,"District outlines Measure H bond plan and appoints citizens oversight committee",4805,2441000,7246000,"/Search/View?dp=1&key=2437703-b31da0e675873dd6fd472995f54c3616&start=2441&end=7246","https://assets.pipeline.soar.com/2437703-b31da0e675873dd6fd472995f54c3616/thumbnail_2441000.jpg","/articles/6306437/California/District-outlines-Measure-H-bond-plan-and-appoints-citizens-oversight-committee","https://secure.pipeline.soar.com/6306437-8172c599bf6386af6aa6a42c34870837/orig.mp4?Expires=1771163165&Signature=QzAQvYS9TEdxLlIYeKWWSKw2A5048V7gs5Lka~35nZgxMb2vOzhppiX2gpDE8alJ2eCP9etJaUMs-i28TykVzg50bJUf~UWqmyP2BhuF~FF2SKxuWR0324OS0hf5ElaTUH-Iv9bKM4VsYfny5zh3TkSnFhlMPFc70HMcT9vxEaH6oi~3BSghvhx0-8Pq3U26GPZg2KAm-SP7d3TnXCJ4jG6aJb3CbIi6wp2tSJv6qxrxqF8EAIBzjo3t~juQIbTIDCKIZYciSQE3VUjZNRukXIoTEqQnvFnlHWB61IvPlo3YeULyMexOT4u66mdJUA0Wld0BrE1P7VGwaAHQg8UgDA__&Key-Pair-Id=KUT5TJCACFTXG","Governant Financial Services representatives briefed the Galt Joint Union Elementary School District board on implementation steps for Measure H, the bond measure voters approved, and trustees appointed members to a citizens oversight committee to monitor expenditures.

Lori Ranieri of Governant Financial Services told trustees the $27 million bond authorization is expected to net roughly $25.9 million for projects after issuance costs. She reviewed how property-tax assessments and assessed-value growth affect the annual levy, noting the bond’s incremental tax rate was presented as a small change (roughly three cents on the general property-tax rate in example scenarios) and that assessed-value growth in the district has been strong in recent years.

Ranieri reviewed the proposed issuance schedule and implementation milestones: a recommended first series of bonds for fiscal 2024–25 (with a possible sale date around April 23, with proceeds deposited in May), a second series tentatively planned later, and the district’s use of best-practice sale methods (competitive process recommended) to minimize borrowing costs. She also reviewed the statutory oversight built into local bond programs, including financial and performance audits and the role of the citizens oversight committee.

At the meeting the board approved Resolution 242.568 to appoint Measure H Citizens Oversight Committee members. The committee list in the board packet included Stacy Hernandez, Veronica Kaufman, Jennifer Meyer, Ryan Lancaster and Brian Gold; the board added Jean Lehi as an additional member at the meeting. Trustee Annette Coonsie moved to approve the slate with the addition of Jean Lehi; Trustee Matthew Ward seconded. The board voted unanimously in favor (Trustees Catherine Harper, Casey Raboy, Annette Coonsie, Wesley Cagle and Matthew Ward voting aye).

Ranieri told trustees the district’s plan assumes conservative scenarios for assessed-value growth and interest-rate volatility; she explained the district can delay the second series of issuance if expenditures proceed more slowly than planned. She emphasized the multiple accountability layers available to taxpayers, including the oversight committee, performance and financial audits, and statutory remedies in case of alleged misuse.

Ending: The board appointed the oversight committee and directed staff to return with bond-authorizing documents and the formal sale calendar; trustees were told staff will bring a resolution to authorize issuance and final documents in March with a planned sale in April if markets remain favorable.","Financial advisers presented the Measure H bond implementation plan, including timelines and tax-rate estimates. The board appointed six members to the Measure H Citizens Oversight Committee and approved next steps for bond sale planning.",{"_33":101,"_35":36,"_37":38,"_39":102,"_41":103,"_43":104,"_45":105,"_47":106,"_49":107,"_51":108,"_53":109,"_55":56,"_57":58,"_59":110,"_61":62,"_63":64,"_65":111,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6306441,"Galt teachers urge use of reserves for classrooms; board approves several staff reductions",9233,378000,9611000,"/Search/View?dp=1&key=2437703-b31da0e675873dd6fd472995f54c3616&start=378&end=9611","https://assets.pipeline.soar.com/2437703-b31da0e675873dd6fd472995f54c3616/thumbnail_378000.jpg","/articles/6306441/California/Galt-teachers-urge-use-of-reserves-for-classrooms-board-approves-several-staff-reductions","https://secure.pipeline.soar.com/6306441-6657933af4da4f852cc52b42b98d8a80/orig.mp4?Expires=1771163165&Signature=fZNciK~AqYqhzsoWXnAYXExxxpZWiOjdAZ0PJUuR9AZEUNRO3xZtmzyyWHR4nrltLWgCxOidDHahVFR1YkiVkcrzofmDbAbYERDfdtEQt4cm~~JE6ABWlKpK5HIyi4ad51HKTVD9q2Sv23EAT8sHRRu5a0JzzhVOuJhhtNxiyJVYRypmDcLtBIbPNqKcTgnLS29dExUeBBVCSXcmBJKT4isN9vO~UPMTgrjOl8JbNXFyV3-JS5s7X6rtB~AhcVtsD-5VFrq746jkJ8vECZADUseRR6Tvthypyi~aB3IH70zbD90-abNh7bDKjq6qDHcgCb7rJmUswtTsp1tO-nYB8Q__&Key-Pair-Id=KUT5TJCACFTXG","Teachers, union leaders and a middle-school student used the public-comment period at a Galt Joint Union Elementary School District board meeting to press the board to use one-time or reserve funds for classroom needs and to avoid cuts they say will harm students. Later in the meeting the board voted unanimously to approve resolutions that will eliminate and reduce several classified and child-development positions.

Gaylene Gomez, president of the Galt Elementary Faculty Association, said the district’s teaching staff “are the same dedicated professionals who whose tireless work brings the district the higher than average scores in the county of Sacramento and the state of California.” She urged the board to deliver tools and supports that teachers need.

The union’s vice president, Amy Manjelli, criticized the district’s current reserve level and urged using money for classroom priorities: “Instead of a reserve 3 plus times the amount of the state required reserve, put the surplus reserve funds in the pockets of teachers who work with students every day,” Manjelli said, referencing the state-required reserve of 3 percent and the district’s then-reported 9 percent reserve.

Kristen Zipper, bargaining chair for the Galt Elementary Faculty Association, told the board that certificated salaries now make up a smaller share of the district budget than in prior years and asked the board to “show that you value your certificated employees” when considering compensation packages.

Other speakers described program impacts if staff are reduced. Karina, who identified herself as a current home visitor and former instructional assistant, said the home-visitor role provides developmental screening, referrals and biweekly home visits and asked the district to “reevaluate the impact that its elimination might have on this program and services currently provided.” A staff presentation later in the meeting described the home-visitor caseload as about 20 families, with playgroups and developmental screenings as part of the work.

After debate and staff explanations about enrollment and program changes, the board approved two related resolutions. Resolution 242.572 authorized elimination of specific classified positions “based on uncertainty of staffing for programs and student enrollment.” The agenda and staff presentation listed the positions proposed for elimination: one instructional preschool position (3.75 hours), one early childhood home visitor (8 hours), one bilingual instructional assistant (3.75 hours), and one general instructional assistant (3.75 hours). The motion to approve 242.572 was made by Trustee Matthew Ward, seconded by Trustee Annette Coonsie, and the board recorded unanimous aye votes from Trustees Catherine Harper, Annette Coonsie, Wesley Cagle, Casey Raboy and Matthew Ward.

A second resolution, 242.573, reduced the number of child-development permit teachers by one (a preschool teaching position). District staff explained the preschool reduction was tied to four-year-olds moving into transitional kindergarten (TK) next year, which shifts enrollment and staffing needs. Trustee Catherine Harper moved to approve 242.573; Trustee Wesley Cagle seconded; the motion passed unanimously.

District staff told the board the home-visitor role had been supported earlier by grant funding that sunset and that when grant funds ended the district used state preschool funds; staff said those state preschool funds must be redirected to the preschool program if budget or program requirements change.

The board’s votes formalize reductions that staff said would be revisited if enrollment or program conditions change: the district indicated positions could be restored if the need returns. The union and public commenters urged the board to prioritize classroom supports, curriculum and teacher pay over increasing the district reserve.

Ending: The board voted on the two resolutions during the same meeting in which district teachers and union representatives delivered public comments urging the district to use reserves for instructional priorities. District officials said the changes respond to enrollment, program funding and grant expirations; board members said they would revisit staffing if conditions change.","Teachers and union leaders pressed the Galt Joint Union Elementary School District board to spend reserve funds on curriculum, class-size reductions and staff retention. The board approved resolutions to eliminate and reduce several classified and child development positions, citing enrollment and program changes.","actionData","errors"]

Article not found

Consultant lays out options to prefund retiree health liability; board to consider trustee and trust choices

Board delays vote on instructional-technology coordinator amid cost and priority concerns

District outlines Measure H bond plan and appoints citizens oversight committee

Galt teachers urge use of reserves for classrooms; board approves several staff reductions