Finding Text
Criteria: Section 210.14(b) and 210.19(a) of the Cost Principles of the Title 2, U.S. Code of Federal Regulations Part 200, Uniform Administration Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) require that the School District to limit its net cash resources in the Food Service Fund to the maximum allowable amount of three months of average expenditures. Condition: The School District Food Service Fund net cash resources were in excess of the maximum allowable amount by $174,479. Cause: The School District participated in the Seamless Summer Option program causing a larger than normal increase in the food service fund balance. Effect: The School District is not in compliance with the noted sections of the Uniform Guidance. Recommendation: We recommend that the School District develop and complete a plan to decrease the net cash resources to an amount below the maximum allowed. Management?s Response: The School District agrees with the finding.