Wayzata Cafés reports revised FY24–25 budget, fund balance reaches three months of operating costs

Scott Lasage, executive director of finance and operations, and Michelle Saginaw, director of Wayzata Cafés, presented a revised FY24–25 food service budget to the board on March 24, reporting that the fund remains close to the preliminary estimate and that the fund balance has risen to cover roughly three months of operating expenses.

Jack Stearns, the district accountant, summarized the numbers: revised revenues were increased about $328,000 and revised expenditures about $331,000, leaving the revised bottom line “very much in line with the preliminary budget.” He said most changes were driven by additional meals served and higher federal reimbursement rates than assumed in the preliminary projection.

Why this matters: The food service fund is an enterprise fund separate from the general fund and supports daily meal service for all district schools. A larger fund balance allows planned facility investments but, per state practice,…