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Finance committee discusses ending alternative retirement plan and reviews student fees
Summary
The finance and facilities committee discussed moving part-time, seasonal and temporary employees back to standard FICA/social security and reviewed draft student fees for 2025-26; administration will return with recommendations.
At its Feb. 10 Finance and Facilities Committee meeting — reported to the full board on Feb. 13 — the district reviewed three discussion items, including the 03/2021 alternative to Social Security that currently covers certain part-time, seasonal and temporary employees. Committee members discussed administrative challenges with the alternative plan and the administration said it will likely recommend returning those employees to standard FICA (Social Security) beginning with the 2025-26 fiscal year.
The committee also reviewed the 2025-26 draft student fee schedule. Committee members asked for additional information on the parking fee and other line items; the administration said it would provide more detail at the next meeting. Finally, the monthly budget report showed revenue and expenditures within budget through Jan. 31 and that January property tax payments have been received from municipalities.
The finance committee will meet again on March 10 to consider an administration recommendation and any revisions to fees.
