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Finance staff report year‑to‑date surplus; school lunch balances and transportation invoices cited as uncertainties
Summary
Finance staff presented the monthly budget update through February, showing revenues at about 66% and expenses at 62% year‑to‑date with an approximate $3.4 million surplus; staff warned of uncertainty around DCYF reimbursements and school lunch balances and described an ongoing food service audit.
Finance staff presented the monthly financial report covering year‑to‑date activity through February. The report shows roughly 66% of expected revenue collected and about 62% of expenses incurred; after manual adjustments for late transportation invoices posted to February, staff reported roughly $3.4 million…
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