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Natomas Charter board approves EPA spending, retirement of fixed assets, CalPERS certification and retirement‑plan administrator change
Summary
The board approved Education Protection Account spending determinations, retirement of e‑waste fixed assets, certification for county retirement participation, and a switch to SchoolsFirst as third‑party administrator for 403(b)/457 plans; motions passed by roll call.
At its May 11 meeting, the Natomas Charter District Board approved several administrative and fiscal items the district said are routine but material to operations for 2026–27.
Education Protection Account: Administrators presented the district’s EPA estimate for 2026–27 (approximately $4,896,000) and recommended dedicating those funds to instructional positions. The board approved the expenditure determinations by roll call.
Retirement of fixed assets (e‑waste): The board approved disposal/retirement of obsolete technology and related equipment (186 items listed) and authorized contracting with Tri Valley Recycling for pickup. The administration noted the vendor will issue a rebate check.
CalPERS/Charter certification (CERS): The board approved certification paperwork to participate in the county retirement payroll process (a step tied to AB 1997 updates and governance documents), enabling payroll submission to the county office and retirement systems.
403(b) and 457 third‑party administrator: The district voted to replace its current third‑party administrator for employee retirement plans with SchoolsFirst Federal Credit Union. Administrators said SchoolsFirst will provide employee education, proactive account assistance and some value‑added services; a modest administrative fee is charged to plan providers (about $2 per participating employee per month) and may be passed through to employees by providers. The board approved adoption agreements and service packets necessary to implement the change.
Each item was moved, seconded and approved by roll call during the meeting. Board members asked clarifying questions about vendor reliability for e‑waste, how the SchoolsFirst service differs from the incumbent, and timing for EPA funds in the budget cycle.
