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Board approves $4.12 million permanent cash transfer to food services to cover universal free meals shortfall
3534974 · May 27, 2025
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Summary
Board approved a permanent transfer of $4,116,393 from operating reserves to the food services funds to offset reimbursement shortfalls tied to universal free school meals.
The Hobbs Municipal Schools Board of Education approved a permanent cash transfer totaling $4,116,393 from the district’s operating reserves to its food services accounts to offset costs tied to universal free meals.
Superintendent Strickland described the action as necessary because federal reimbursements through the…
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