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Meeting Date:
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Category:
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Type:
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Subject:
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2023-2024 Food Service Fund Budget Report |
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District Goals:
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Objective #6: Finance & Operations Address ongoing financial challenges by re-examining system processes for efficiencies that can drive resources into our core purpose of student learning.
* Fund Balance and Bond Rating
* Balanced Budget
* Efficient Operations
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Enclosure:
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The attached document shows the final 2023-2024 food service budget and activity for the year ended June 2024. |
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File Attachment:
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Summary:
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The Department of Public Instruction directed RASD to reduce its fund balance, which had grown due to increased federal reimbursements following the pandemic. For the 2023-2024 year, RASD incurred a net loss of $36,557 after investing in capital equipment, maintaining steady lunch prices, and providing free breakfast to all students. The year ended with a fund balance of $428,538, with further capital equipment purchases anticipated for 2024-2025. |
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Budgetary Impact:
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The food service program, operated through Fund 50, was financially self-sustaining in 2023-2024 and did not require any transfers from the General Fund. |
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Recommendation
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Approvals:
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Recommended By: |
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Signed By: |
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Jonah Adams - Business Manager |
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Signed By: |
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Mary Whitrock (SUPT) - Superintendent |
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