Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee hears second-quarter budget uptick; school lunch program running a $55,000 deficit
Summary
District finance staff reported a $1.825 million increase in expenses for the year, driven largely by contractual obligations; the school lunch program is operating at a deficit of about $55,000 and reimbursements of $4.48 per lunch and $2.37 per breakfast were cited as insufficient to cover costs.
Nantucket School Committee finance staff reported on Feb. 4 that overall expenses are up by $1,825,000 for the year and the district's school-lunch program is running a material deficit.
"Expenses overall have increased by $1,825,000 this year, mostly due to contractual obligations over $1,500,000," the finance presenter said during the second-quarter budget update. Payroll expenditures were reported at 38% expended for the fiscal year-to-date, compared with 36% at the same point last year. The presenter said the district has 51% of its total…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
