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Finance staff explains "Coke fund" accounting for vending and small donations
Summary
Staff told the committee the so-called Coke fund holds vending and occasional donations for school-wide activities; money is divided among buildings, is small in scale, and is not usually budgeted because receipts are intermittent.
A committee member asked whether the district still has vending revenues and where those funds are recorded. Staff explained the longstanding "Coke fund" (historically also called the Pepsi fund) is an account where vending and occasional donations are deposited; funds are divided among buildings and can be used for schoolwide activities but are not typically part of the formal budget because amounts are small and unpredictable.
Staff said vending proceeds now exist at some sites (for example at Bucktown and the high school) and that the money generally "just sits in the account" until used and is rolled into audits as appropriate. The committee treated the matter as informational and did not take formal action.
