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Board approves finance motions, including TPA for retirement plans and tax-collector reimbursement policy
Summary
The Finance Committee secured board approval for January disbursements and bills, inclusion of the December food-service statement in the minutes, a 1/3 reimbursement policy for tax collectors using RAK TMS, and contracting TSA Consulting Group as a third-party administrator for the district’s 403(b) and 457 plans at no cost to the district.
At its Feb. 9 meeting the Central Cambria School District board approved a set of routine finance actions presented by the Finance Committee, including disbursement approvals and a series of administrative contracts.
The Finance Committee moved to approve January 2026 disbursement payments from the general fund and food service fund and the bills listed in the February 2026 accounts-payable batch listing. The board also made the December 2025 Food Service Operating Statement part of the minutes. The committee recommended a 1/3 annual reimbursement for tax collectors using the RAK Tax Management System (TMS) upon written request from the tax collector; the board approved that policy.
The committee recommended and the board approved contracting with TSA Consulting Group to serve as the third-party administrator for the district’s 403(b) and 457 plans to help ensure compliance with employer-sponsored plan rules; the minutes state there is "no cost to the district" and record approval for TSA Consulting Group to use a salary-reduction agreement waiver to obtain deduction information from the district’s payroll file. The board also recorded the budget timeline deadlines of May 31 for a proposed final budget and June 30 for adoption of the final budget for 2026–27.
