|
|
|
|
|
Meeting Date:
|
8/19/2024 - 5:30 PM
|
|
Category:
|
Business-Related Reports
|
|
Type:
|
Info
|
|
Subject:
|
2023-2024 Food Service Fund Budget Report
|
|
District Goals:
|
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
|
|
Enclosure
|
The attached document shows the final 2023-2024 food service budget and activity for the year ended June 2024.
|
|
File Attachment:
|
|
|
Summary:
|
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.
|
|
Budgetary Impact:
|
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.
|
|
Recommendation:
|
|
|
Approvals:
|
|
Recommended By:
|
|
Signed By:
|
|
|
Jonah Adams - Business Manager
|
|
|
Signed By:
|
|
|
Mary Whitrock (SUPT) - Superintendent
|
|
|
|
|
|
|
|
|