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Fairfield Union Local treasurer reports steady cash balance, higher meal counts and rising claims
Summary
The board received a financial forecast through March showing higher revenues from property taxes and increases in meal service counts, while health claims rose and food service operated at a year-to-date loss.
Fairfield Union Local Treasurer (presenting) reported the district’s financial position through March and briefed the board on insurance and food-service operations.
Treasurer Wallace said the district had received about $25,500,000 year to date compared with $23.7 million last year, with property-tax receipts up about 9 percent. State foundation payments were reported at roughly $10 million this year versus about $9.01 million the prior year; Wallace attributed some restricted fund increases to participation in Community Eligibility Provision (CEP) free-meal programs.
On expenditures Wallace reported total spending…
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