Finding 34664 (2022-003)

Significant Deficiency Repeat Finding
Requirement
C
Questioned Costs
-
Year
2022
Accepted
2023-07-15
Audit: 34592

AI Summary

  • Core Issue: The Organization's cash resources exceeded the limit of three months' average expenditures for the child nutrition program as of June 30, 2022.
  • Impacted Requirements: The Organization must adhere to the guideline that restricts cash resources to a maximum of three months' average expenditures.
  • Recommended Follow-Up: Implement procedures to monitor and control cash resources to ensure compliance with the three-month limit.

Finding Text

Finding 2022-003 Significant Deficiency Cash Management 2022-3 Criteria: The Organization shall limit its net cash resources to an amount that does not exceed three (3) months average expenditures for its child nutrition program. Condition: Based on the formula provided by the compliance supplement, the Organization exceed three (3) months average expenditures regarding its cash balances at June 30, 2022. Effect: The cash has excess cash resources over the recommended amounts based on 2022 operating expenditures Cause: The Organization has created increased efficiencies in its operations. Questioned Costs: None. Recommendation: We recommend that the Organization implement procedures to ensure that cash resources do not exceed three (3) months average of operating expenditures.

Corrective Action Plan

Finding: 2022-003 Cash Management Name of Contact Person: Ms. Robin Norwood Corrective Action: Automation clerk will work with NAF administration personnel to provide management of cash. Proposed Completion Date: August 21, 2023

Categories

Cash Management School Nutrition Programs Significant Deficiency

Other Findings in this Audit

  • 34662 2022-001
    Significant Deficiency Repeat
  • 34663 2022-002
    Significant Deficiency Repeat
  • 611104 2022-001
    Significant Deficiency Repeat
  • 611105 2022-002
    Significant Deficiency Repeat
  • 611106 2022-003
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $157,812