§ 26208 Cash Balance Program Records

• •The board must keep clear and proper records for the Cash Balance Benefit Program.
• •They have to follow standard accounting rules to manage the money correctly.
• •This helps make sure the program's money is tracked and used the right way.

Imagine your school has a special fund to pay for field trips.

The school must keep good records of how much money is in the fund and how it’s spent, just like the board does for the Cash Balance Benefit Program.