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Board of Education finance report: food service up, equipment purchased from fund balance
Summary
Board of Education finance staff reported September results showing $3.02 million in operating expenses (17.7% of budget), grants totaling about $1.947 million with $212,000 spent, a stronger school food-service revenue stream and use of fund balance to purchase walk-in refrigeration units.
Board of Education finance director (Sean, Speaker 5) presented the school-side financials for September and answered questions about grants, donations and operational items.
Sean reported operating fund expenses through September of approximately $3.02 million, or 17.7% of the full-year budget, and grant awards to date of about $1.947 million with roughly $212,000 expended, leaving a remaining balance of about $1.7 million as of Sept. 30. He said school food-service…
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