112196 - Laserfiche WebLink

Browse Search

Minutes 11-21-96 Page 5 students attended the Teen Center Spirit Night for intermediate schools, Spirit Night for high schools is scheduled for December 3, "Oliver" will be presented December 6-21 by the Young Artists Ensemble, and the annual Silver Starlight Ball is scheduled for December 15. C. Administration Division Report Jorgensen reported that longevity checks, in recognition of at least six years of service to the District, were presented to over 80 percent of full-time employees. Continuing, he presented a review of Ventura County National Bank's proposal to continue to provide banking services to the District, and he said that the bank is proposing to offer a higher rate of return on the District's invested funds, and staff is continuing to research the bank service issue and will report back to the Board. Jorgensen discussed the 457 deferred compensation plan for full-time District employees. He identified four changes that will automatically become effective January 1, if not adopted sooner, and said that staff will investigate liability issues relative to the Board being named trustee and the impact of the changes on the District's plan for part-time employees. Lange said he approved of the conservative approach for the retirement plans outlined by Jorgensen. Jorgensen agreed with Gillette that issues and opportunities remain to be researched, and he remarked that account information and retirement planning can be accessed on the Internet. D. General Manager's Report Ward reported that subsequent to the joint meeting with the City Council regarding the Hill Canyon Regional Recreation Facility, a subcommittee meeting was scheduled for December 2 at 4:30 at the Civic Arts Plaza, and prior to that, City and District staffs will prepare an agenda and discussion items.