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District finance officer warns side‑account reserves could be depleted by late 2026
Summary
Finance officer Bob Gardner told the Rainier School District board that an actuarial estimate and cash forecasts suggest certain district side accounts may run out by December 2026 and urged careful PO management and grant claims to help cash flow.
Bob Gardner, the district’s finance officer, told the Rainier School District board that auditors’ questions are largely answered and that a recent actuarial valuation put certain side‑account liabilities in a range the district is monitoring.
Gardner said the external firm Milliman estimated a valuation of about $2,150,000 while the district’s internal calculation…
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