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CFO explains grant drawdown and announces Sodexo food-service contract
Summary
CFO Randy Anderson said the district drew down about $800,000 (25%) of a Student Investment Account allocation, correcting an overdrawn appearance; board was also notified that Sodexo contract is finalized and Tamara Taylor begins as Food Service Director Dec. 2.
Randy Anderson, the district's chief financial officer, told the board the apparent overdraw in State Grants shown on the financial report reflects timing related to the Student Investment Account and a recent drawdown of roughly $800,000 (about 25% of the allocation). He said the correction will appear in the November financial report and that the state recalculation of enrollment-based payments is expected before December.
Anderson announced the district finalized a contract with Sodexo for food service management and that Tamara Taylor will start as Food Service Director on Dec. 2; an interim director will remain briefly to ensure a smooth transition. He also said the annual audit is underway and preliminary budget planning has begun, with potential long-term pressures from PERS obligations and uncertainty about the State School Fund allocation. Roof leaks revealed by recent rain were reported repaired under an existing five-year warranty.
