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Board approves transfer of small special retiree reserve into general fund
3228851 · May 6, 2025
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Summary
Trustees approved Resolution 24/25-14 to move the district's small special retiree reserve fund balance back into the general fund; district staff said pay-as-you-go retiree benefit costs remain unchanged.
The Lhasa School District Board of Trustees approved Resolution 24/25-14 to transfer the balance of a special retiree reserve fund into the general fund, a procedural consolidation the district described as aligning accounting with its pay-as-you-go approach to retiree benefit payments.
Chief financial…
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