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Finance director: operating funds projecting a deficit; food service faces roughly $250,000 shortfall this year
Summary
The district’s February financial report showed an operating-fund projection of a year‑end deficit and a roughly $250,000 projected deficit in the food service (Fund 50). Staff cited a 15% rise in food costs, reduced commodity allocations and supply timing problems; the district is using menu changes and student feedback to boost participation.
At the March 12 board meeting, district finance staff reported through February that the district’s operating funds continue to project an end‑of‑year deficit and highlighted specific pressures in the health insurance plan and in school food service.
Presenting the variance, the finance presenter (identified in materials as Mr. Neehan) said he had budgeted the district health plan conservatively—assuming a 20% reduction in costs compared with a very favorable prior year—but claims are tracking closer to a 10% decline, meaning the health plan savings are smaller than expected.
The presenter said…
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