Finding 30646 (2022-001)

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Requirement
N
Questioned Costs
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Year
2022
Accepted
2023-03-26
Audit: 27924
Organization: Cinnaminson School District (NJ)

AI Summary

  • Answer: The School District has more cash resources than needed for three months of expenses by $235,722.
  • Trend: This indicates a positive financial position, suggesting effective cash management.
  • List: Monitor cash flow regularly, consider reinvestment options, and ensure compliance with financial guidelines.

Finding Text

The School District?s Net Cash Resources exceeded its three month average expenditures by $235,722.

Corrective Action Plan

The School District will continue to spend the excess food service funds to reduce the net cash resources below its three months average expenditures.

Categories

No categories assigned yet.

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $1.24M
84.027 Special Education_grants to States $649,882
84.425 Education Stabilization Fund - Arp - Esser III $634,667
84.010 Title I Grants to Local Educational Agencies $160,192
21.027 Coronavirus State and Local Fiscal Recovery Funds - Acsers $146,428
84.027 Special Education_grants to States - Arp $101,341
93.778 Medical Assistance Program $37,748
84.425 Education Stabilization Fund - Crrsa - Esser II $34,177
84.425 Education Stabilization Fund - Crrsa Learning Acceleration $29,951
84.367 Improving Teacher Quality State Grants $26,400
84.425 Education Stabilization Fund - Arp - Accelerated Learning $25,250
10.555 National School Lunch Program - Emergency Operational Cost Program $24,372
84.425 Education Stabilization Fund - Crrsa - Mental Health $13,127
84.173 Special Education_preschool Grants $11,446
84.425 Education Stabilization Fund - Arp - Mental Health $9,060
84.424 Student Support and Academic Enrichment Program $6,594
84.365 English Language Acquisition State Grants $3,569
10.649 Pandemic Ebt Administrative Costs $628
84.425 Education Stabilization Fund - Arp - Beyond the School Day $128