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Finance director reports operating budget on track; school‑lunch fund flagged for follow‑up
Summary
The district reported year‑to‑date operating spending of $97.8 million (about 50.8% of the annual budget) and said the school‑lunch program will need additional analysis; administration will bring a potential interim appropriation request if required.
Patrick Lai, the district's director of finance, presented the monthly financial report. Through the end of December the district reported $97,800,000 in year‑to‑date operating expenditures, representing 50.8 percent of the current fiscal‑year operating budget; the district compared that pace to last year (52.1 percent at the same point).
School lunch fund: Lai said the December review flagged the school‑lunch fund and suggested the district may need an interim appropriation. "When we look at the December result ... we may need an interim appropriation," he said, and the administration will continue analysis and, if needed, bring a request to the board at a future meeting.
Budget transfers: A small list of budget transfers for the board's information was posted with the packet; Lai invited board members to contact him or the business office with technical questions.
Ending: The board had no substantive questions in the meeting and accepted the monthly report; staff will return with further details about the school‑lunch fund if an interim appropriation is required.
