Susan Perry presented the following scenario at the July 17th Board of Trustees meeting: For the SY 2023-2024, the total labor cost (as per the DESE formula) that LFD, Inc. incurred to operate the School Lunch Program was $281,150.93. That is a debit to LFDCS. However, in January 2024 some Nutrition Department staff members of LFDCS were transferred to LFD, Inc. That resulted in a credit of $85,128.94 to LFDCS. Therefore, the total deficiency that LFD, Inc. faced for the SY2023-2024 was $196,021.99 (the difference between the above-stated amounts). LFDCS had revenue but not matching expenses in the amount equal to the difference stated above. Therefore, Susan Perry, on behalf of LFD, Inc. requested that LFDCS make LFD, Inc. whole by paying the $196,021.99 amount. C. Needham requested to hold a discussion and vote on this matter at the Finance Subcommittee meeting on August 7, 2024. It was so agreed by all. Here is the spreadsheet for reference.