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Finance committee: meal-counting changes, IDs and staffing are driving food-service revenue shifts
Summary
District financial staff reported January collections and a reduced projected food-service deficit while describing technology and staffing issues that have changed how school meals are counted and reimbursed.
Detroit Public Schools Community District finance staff presented January financial results and a detailed update on school food service at the Feb. 26 Finance Committee meeting.
The financial snapshot: staff reported $21 million in January capital-debt millage collections and about $25 million in operating-millage receipts for the month. As of the report, the district held about $88,600,000 in the capital debt account and faced roughly $143,000,000 in bond payments due in April, which staff said will require short-term borrowing from revolving school loan funds.
On food service, the district now projects a…
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