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Minidoka Food Service Fund posts deficit, ends year at $(372,954)
Summary
The district’s Food Service Fund recorded $1.84 million in revenues and $2.88 million in expenditures for FY2023–24 and closed the year with a negative fund balance of $372,954.
The Food Service Fund reported $1,838,259 in revenues and $2,885,325 in expenditures for the year ended June 30, 2024, producing an end-of-year fund balance of negative $372,954, according to the district’s combining statements. The audit and financial exhibits show the Food Service Fund required transfers and other financing to cover operations.
The financial exhibit lists federal and local revenue sources (including $1,348,808 in federal food-service reimbursements and $473,769 in local receipts) but the large expenditure total and capital additions produced a deficit balance on the fund statements. The transcript presents these as reported figures in the audited financial statements; the provided excerpt does not show a board vote or directive addressing the deficit within the recorded text.
