Finding Text
Condition: At June 30, 2022, net cash resources in the school lunch fund exceeded the allowable limit cash by $420,899. Criteria: The school food authority shall limit its net cash resources to an amount that does not exceed 3 months average expenditures for its school lunch fund or such other amount as may be approved by the New York State agency in accordance with ?210.19(a). Cause: Revenues exceeded expenditures by $302,895 in the school lunch fund for the year ended June 30, 2022. Effect: The School District is not in compliance with 7 CFR ?210.19(a). Repeat Finding: The finding is a repeat of finding 2021-002 from the prior year. Recommendation: We recommend the School District review its net cash resources in the School Lunch Fund and develop a plan to reduce them to an allowable amount. Management Response: The School District agrees with condition, cause, and recommendation. The School District plans to utilize excess funds for equipment purchases and operational efficiencies.