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Revere committee flags food‑services vendor for deficit despite $150,322 guarantee
Summary
At its Jan. 20 meeting the Revere School Committee reviewed a quarterly food‑services report showing a current $126,000 deficit on a guarantee‑only basis while the new vendor has contractually promised at least $150,322 back to the program; staff said it will monitor performance and report again in April.
The Revere School Committee heard a quarterly report on school food services on Jan. 20 that showed the district’s new food‑service management company has contractually guaranteed at least $150,322 to be returned to the program but, on a guarantee‑only accounting basis, the program is presently about $126,000 in deficit.
"When all that tallies out, regardless of how things went, if the surplus was not a 150,322 or more, we're guaranteed to have that baseline," said Matt Cruz, the district presenter on the financial report. "At this point,…
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