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Bermudian Springs reports $106,414 cafeteria deficit; general fund ends ~ $15.62M
Bermudian Springs School District Caucus · November 11, 2024
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Summary
Finance director Justin reported a general fund ending balance of $15,623,121.63 and a cafeteria fund deficit of $106,414.15, citing rising food costs and a three-pay-month as drivers of the shortfall.
Justin, the district finance presenter, summarized the monthly financial report: the general fund began at $15,782,720.35, had revenue of $3,686,585.84, expenditures including payroll left an ending balance of $15,623,121.63. He reported the cafeteria fund began the month at negative $97,697.82, received a $43,000 transfer from the general fund, had payroll expenditures…
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