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Board hears warning on child nutrition fund after auditor flags losses

Kootenai School District Board · October 15, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Quest CPAs told the board the child nutrition program ran a loss and finished the year with a small fund balance (~$13,000); auditors cited the end of COVID-era universal feeding and inflation as pressure points.

During the audit presentation Tim Boyd said child-nutrition programs statewide have faced pressure from the end of expanded COVID-era funding and rising costs. "This past 2 years, honestly, have been pretty tough for child nutrition programs," Boyd said, and told the board the district's child nutrition fund had an ending balance of approximately $13,000.

Boyd warned that continued losses in the child nutrition fund would need to be covered by the general fund. The transcript contains two inconsistent loss figures reported by the auditor — he first said "about $1,011,000 dollars of a loss in the fund" and then, in the same discussion, referred to "a loss of just $10,000." The district should confirm the correct line-item loss from the audit PDF; auditors and the business manager said they will provide follow-up clarification if board members request it.