Finding 10378 (2023-002)

a. Condition: Cash funds for the food service program were in excess of the allowed 3 months average expenditures by $74,557. b. Criteria: Federal funding requires that the food service program cash balances should not exceed the average 3 months spending. c, Cause: The actual cash balances as of June 30, 2023, exceeded the allowed 3 month average spending balance by $74,557. d. Effect: Violation of excess cash balances over allowable balance at year end. e. Recommendation: The District should evaluate all aspects and needs of the food service program including personnel, equipment such as stoves, freezers, etc. and determine the best and legally proper use of the excess funds. f. District Response: The District will evaluate all aspects and needs of the food service program including personnel, equipment such as stoves, freezers, etc. and determine the best and legally proper use of the excess funds during the year ended June 30, 2024.