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Cheltenham SD food service fund: state and federal rules shape options as sales and costs fluctuate
Summary
Finance staff reported the food service fund had operating revenue of about $700,000 and an end‑of‑year fund balance of roughly $1 million; staff said the program is heavily dependent on federal reimbursements and USDA donated commodities and that major capital purchases must be preapproved by the state.
District finance staff told the finance committee on April 1 that the food service fund showed $700,000 in operating revenue and that the fund’s end‑of‑year balance was about $1.0 million.
Staff described recent volatility in the fund’s results, noting operating losses reported in some internal measures ($1.9 million in 2024 and $1.7 million in 2023) but also saying that donated commodities, state programs and federal reimbursements produced operating surpluses of $152,000 for fiscal…
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