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CFO: October snapshot shows about $3 million more revenue; child nutrition fund restricted to program use
Summary
Stan Osborne, South San ISD chief financial officer, presented October financials showing higher revenue vs. last year (about $3 million hold‑harmless adjustment) and explained the child nutrition fund surplus is restricted by TEA/TDA and typically spent on food‑service equipment.
Stan Osborne, chief financial officer for South San Antonio ISD, presented the district’s October financial snapshot at the Nov. 17 board meeting. Osborne said monthly financial reports are presented one month in arrears and showed year‑over‑year comparisons; in October the district received roughly $3 million more revenue than the prior year driven by hold‑harmless adjustments.
Osborne…
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