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Rutherford County schools outline plan to spend down $1.43 cafeteria fund; meal debt nears $1 million
Summary
School leaders presented Fund 1.43 (central cafeteria) figures May 27, showing a $27.09 million revenue projection, $33.50 million in expenditures and a planned spend-down of fund balance; unpaid meal debt is approaching $1 million.
Rutherford County school officials told county committees on May 27 that the central cafeteria fund (Fund 1.43) projects $27,094,000 in revenue and $33,503,092 in expenditures and that the district will follow a plan to spend down a historically high fund balance.
“Every year, we have had a plan, and we have not necessarily spent down our fund balance, as needed, because it is a healthy fund balance, but we always have to have a plan in place to spend that down,”…
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