neptune_township_school_district_auditors_manageme.pdf
School District’s FSMC Meets Profit Guarantee in Food Service Contract
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Description
The Neptune Township School District maintained an ongoing food service management contract with its FSMC, including a $325,384 annual profit guarantee. Annual audit found compliance with all contract provisions for the 2023-2024 year.
Contract Details
Contract Amount
Profit guarantee of at least $325,384 (operating results provision)
Vendor
FOOD SERVICE MANAGEMENT COMPANY FSMC
Agency
Neptune Township School District, NJ
Contract Type
FOOD_SERVICES
Document Date
June 30, 2024
Contract Term
Not specified; provisions reviewed for 2023-2024 school year
Renewal Date
2025-06-30
Renewal Info
Annual performance reviewed each fiscal year; contract may have renewal options or be rebid per regulatory requirements.
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