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PCSSD finance update: district reports roughly $900,000 in meal account bad debt and free breakfast coming next year
Summary
District finance staff reported recognition of about $900,000 in student meal unpaid balances (three years rolled in), strong food service balances but operating fund will absorb the bad debt; trustees were told universal free breakfast will begin next year.
Pulaski County Special School District finance staff reported to trustees on fiscal period 11 (May) financials and a projection of food service bad debt at the June meeting.
Chief finance staff presented legal fund balances and revenue/expenditure percentages across funds; the packet showed a net legal balance of approximately $32.0 million and categorical fund balances in the packet. Food…
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