Board approves routine budget reclassifications and retirement plan restatement

Dr. Duke said the district is restating its 403(b) retirement plan to reflect current IRS preapproval requirements and the 2022 cumulative guidance and Secure Act provisions; he said there is no additional cost associated with the restatement. The board approved the restatement.

On budget items, the board approved a $100,000 transfer within the nutrition fund that moves previously approved funds from indirect cost to operating transfer in order to align accounting with state guidance on indirect cost. The board also approved a technology budget transfer of $422,555 between regular and special education budgets to move funds from equipment to lease payment categories for the second year of a computer lease. Dr. Duke emphasized these are reclassifications only and do not change overall budgeted amounts or device counts.