FAC Explorer

Finding 1172475 (2025-001)

Material Weakness Repeat Finding
Requirement
N
Questioned Costs
-
Year
2025
Accepted
2026-02-05
Audit: 385666
Organization: Leonia Board of Education (NJ)
Auditor: LERCH VINCI & BLISS LLP

AI Summary

  • Answer: The Food Service Fund has $85,639 more in cash than needed for three months of expenses.
  • Trend: This indicates a potential overfunding situation that could affect budget allocations.
  • List: Recommend reviewing cash management practices and adjusting future budgets accordingly.

Finding Text

Our audit of the District's Food Service Fund revealed that net cash resources exceeded the average of three months' operating expenses by $85,639.

Corrective Action Plan

A plan was developed by the District to eliminate the excess of net resources in the Food Service Fund. The plan includes a review of the excess of net resources on a monthly basis for determination of areas to improve the foods svc department relating to equipment purchases and staff.

Categories

School Nutrition Programs

Other Findings in this Audit

  • 1172472 2025-001
    Material Weakness Repeat
  • 1172473 2025-001
    Material Weakness Repeat
  • 1172474 2025-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
97.036 DISASTER GRANTS - PUBLIC ASSISTANCE (PRESIDENTIALLY DECLARED DISASTERS) $890,730
84.027 SPECIAL EDUCATION GRANTS TO STATES $466,166
10.555 NATIONAL SCHOOL LUNCH PROGRAM $310,526
84.010 TITLE I GRANTS TO LOCAL EDUCATIONAL AGENCIES $251,465
84.367 SUPPORTING EFFECTIVE INSTRUCTION STATE GRANTS (FORMERLY IMPROVING TEACHER QUALITY STATE GRANTS) $34,839
84.365 ENGLISH LANGUAGE ACQUISITION STATE GRANTS $33,261
84.424 STUDENT SUPPORT AND ACADEMIC ENRICHMENT PROGRAM $27,152
84.425 EDUCATION STABILIZATION FUND $22,195
93.778 MEDICAL ASSISTANCE PROGRAM $21,076
84.048 CAREER AND TECHNICAL EDUCATION -- BASIC GRANTS TO STATES $16,953
84.173 SPECIAL EDUCATION PRESCHOOL GRANTS $13,516
10.553 SCHOOL BREAKFAST PROGRAM $9,885
10.185 LOCAL FOOD FOR SCHOOLS COOPERATIVE AGREEMENT PROGRAM $2,796
10.646 SUMMER ELECTRONIC BENEFIT TRANSFER PROGRAM FOR CHILDREN $321