Finding 13134 (2022-001)

Requirement

Questioned Costs

Year

2022

Accepted

2023-02-27

Audit: 17202

Organization: Clark Public School District (NJ)

Auditor: Lerch Vinci & Bliss LLP

AI Summary

Answer: The Food Service Fund had more cash than needed, exceeding three months of average expenses as of June 30, 2022.
Trend: This indicates a potential overfunding situation that may need to be addressed.
List: Consider reviewing fund allocation and expenditure strategies to optimize cash resources.

Our audit revealed net cash resources exceeded three months of average expenditures at June 30, 2022 in the Food Service Fund.

ALN	Program Name	Expenditures
10.555	National School Lunch Program-Cash Assistance	$1.02M
84.027	Special Education_grants to States	$537,552
84.010	Title I Grants to Local Educational Agencies	$181,459
84.425	Education Stabilization Fund-Arp-Esser III	$156,000
84.425	Education Stabilization Fund-Esser II	$143,418
10.555	National School Lunch Program-Non Cash Assistance (food Distribution)	$63,843
84.027	Special Education_grants to States-Arp	$50,761
84.367	Improving Teacher Quality State Grants	$33,163
84.173	Special Education_preschool Grants	$23,479
10.555	National School Lunch Program-Covid-Emop	$11,426
93.778	Medical Assistance Program	$8,830
84.424	Student Support and Academic Enrichment Program	$6,180
10.649	Pandemic Ebt Administrative Costs	$1,242
84.425	Education Stabilization Fund-Learning Acceleration	$1,150
84.173	Special Education_preschool Grants-Arp	$898