An outside audit has recommended the Galt Joint Union Elementary School District contribute more than $300,000 to its retirement account annually to make up for a lack of funding in years past and plan for future costs.
"As we move into better economic times, we will need to make a determination as to how we would like to fund the retiree benefit liability for the future," chief business officer Debbie Schmidt said in a report to school board trustees. "We are not required to fund it any differently than we do now, but the liability continues to grow each year."
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