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Board reviews December finances; meal program participation and interfund balances highlighted
Summary
The district reported lower meal-account receipts (about $12,500) and $5,300 less federal reimbursements year-to-date; capital outlay still owes the general fund $285,256 and special education owes $82,009.19. Board approved financials and an additional EMC insurance bill of $8,709.60.
The McCook Central School District board reviewed December financial statements during its regular meeting.
The staff presenter told the board that property-tax payments were strong for the month but that district revenue from family meal accounts was down by about $12,500 compared with the prior year, and the district had received about $5,300 less from federal reimbursements for meals. The presenter said an auditor report will later provide per-meal comparisons.
The board also reviewed interfund balances: after recent postings the Capital Outlay Fund still “owes” the general fund $285,256, and the Special Education Fund owes $82,009.19. Staff said repayments will depend on monthly receipts and that full reimbursement is unlikely until spring tax payments arrive.
Board members discussed school-meal quality and participation; the Chair clarified that meals must meet federal guidelines to be reimbursable. “In order to be a reimbursable meal, you have to meet the guidelines or we won't get reimbursement,” the Chair said.
The board approved the financial report and minutes and agreed to add a blanket insurance premium invoice for $8,709.60 to EMC as an additional bill; the motion carried by voice vote.
Next steps include receipt and review of the auditor's meal-report and monitoring of interfund repayment timelines tied to spring tax revenue.
