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Food-service contract shows $150,000 guaranteed revenue; operations cost cited at about $5.6M
Summary
Staff told the board the food-service operation’s expense is roughly $5.6 million and the district’s contract with SFE guarantees $150,000 in revenue this year, a factor in the district not having a spend‑down requirement for the general fund.
In the hearing, staff reviewed the food-service budget: they said operating the food-service function costs roughly $5.6 million and that coding allows some utilities or costs to be charged back to the general fund. "5,600,000 is is roughly what it takes to operate," the presenter said.
Staff also said the district's contract with SFE includes a guaranteed $150,000 revenue component, which helps explain why the district does not have a spend-down requirement this year. "That's part of our our guarantee, our contract with SFE... that $150,000 revenue, guaranteed," the presenter said. The board did not record public comment on the contract during the hearing.
