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District projects operating fund deficit; food-service shortfall attributed to commodity timing and higher costs
Summary
District finance staff warned of an operating deficit for the fiscal year and a roughly $250,000 projected shortfall in the food-service fund, citing higher food prices, reduced commodity deliveries and timing issues with federal commodity suppliers.
The Oshkosh Area School District's finance report on March 12 showed an expected operating-fund deficit at year end and outlined factors behind a projected roughly $250,000 loss in the food-service fund.
Budget officer Mister Neehan (staff member) briefed the board on February financials and said the district's operating funds are projecting a year-end deficit. He said he had budgeted an aggressive 20 percent reduction in health-plan expenses for the year but claims activity is tracking closer to a 10 percent reduction,…
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