Finding 1095770 (2024-001)

- Repeat Finding
Requirement
P
Questioned Costs
-
Year
2024
Accepted
2025-01-15
Audit: 338176
Organization: Carteret Board of Education (NJ)

AI Summary

  • Answer: The Food Service Fund has more cash than needed for three months of expenses.
  • Trend: This indicates a potential overfunding situation that could affect budgeting decisions.
  • List: Review cash management practices and consider reallocating excess funds for better resource use.

Finding Text

Finding 2024-001 (Other Matter): The District’s net cash resources in the Food Service Fund exceeded three months average expenditures.

Categories

School Nutrition Programs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.027 Special Education Grants to States $1.10M
10.553 School Breakfast Program $520,808
21.027 Coronavirus State and Local Fiscal Recovery Funds $279,598
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $116,807
93.558 Temporary Assistance for Needy Families $109,638
10.555 National School Lunch Program $94,667
84.424 Student Support and Academic Enrichment Program $39,141
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $37,004
84.173 Special Education Preschool Grants $35,783
84.010 Title I Grants to Local Educational Agencies $27,142
10.582 Fresh Fruit and Vegetable Program $22,819
84.365 English Language Acquisition State Grants $21,750
84.425 Education Stabilization Fund $8,771
10.649 Pandemic Ebt Administrative Costs $3,256