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Lake Central closes fiscal year with higher cash balance; board approves food service rates and Coop contracts
Summary
Lake Central’s director of business services reported on July 14 that the district closed fiscal year 2025 with higher-than-expected cash balances, approved food-service rates unchanged for 2025–26 and reauthorized cooperative purchasing contracts for grocery, milk and bread items.
Lake Central’s director of business services reported on July 14 that the district closed fiscal year 2025 with higher-than-expected cash balances, approved food-service rates unchanged for 2025–26 and reauthorized cooperative purchasing contracts for grocery, milk and bread items.
“Based on this year's calculation, we do not need to increase our prices for breakfast or lunch,” Director of Business Services Mr. James told the board, seeking approval for meal rates that remain the same as the prior year.
James said the education fund began the fiscal year (July 2024) with just over $10 million and closed with about $12.5 million — roughly $2.3 million higher. When combined with the…
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