Finding 387099 (2023-001)

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Requirement
C
Questioned Costs
-
Year
2023
Accepted
2024-03-28

AI Summary

  • Answer: The food service fund has more cash than allowed, exceeding the three-month limit on average expenditures.
  • Trend: This indicates a potential issue with cash management and budgeting practices within the District.
  • List: Review cash flow policies, adjust budget forecasts, and ensure compliance with expenditure limits.

Finding Text

The District's net cash resources in the food service fund exceeded the maximum allowed of three months' average expendtures.

Categories

School Nutrition Programs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.027 Special Education_grants to States-Idea Part B Basic Regular $1.70M
10.555 National School Lunch Program $1.70M
84.425 Education Stabilization Fund-Arp $1.39M
84.010 Title I Grants to Local Educational Agencies-Title I - Part A $1.11M
21.027 Coronavirus State and Local Fiscal Recovery Funds $637,701
10.553 School Breakfast Program $357,463
93.778 Medical Assistance Program $322,384
10.555 National School Lunch Program-Covid Supply Chain Assistance $314,298
84.425 Education Stabilization Fund-Learning Acceleration $301,554
84.367 Improving Teacher Quality State Grants-Title II - Part A $240,781
84.424 Student Support and Academic Enrichment Program-Title IV $124,234
84.173 Special Education_preschool Grants-Idea Part B Preschool $79,789
84.365 English Language Acquisition State Grants-Title III $74,373
84.048 Career and Technical Education -- Basic Grants to States-Carl D Perkins Secondary Education $57,181
84.425 Education Stabilization Fund-Evidence Based Comp Beyond $44,729
84.027 Special Education_grants to States-Idea Part B Basic Regular-Arp $43,830
84.425 Education Stabilization Fund-Evidence Based Summer $35,352
93.778 Medical Assistance Program-Ffcra/semi $30,989
84.365 English Language Acquisition State Grants-Title III Immigrant $28,395
84.425 Education Stabilization Fund-Crrsa-Esser II $25,919
10.582 Fresh Fruit and Vegetable Program $24,161
84.425 Education Stabilization Fund-Arp Homeless II $17,312
84.425 Education Stabilization Fund-Njtss-Mental Health $17,230
84.010 Title I Grants to Local Educational Agencies-Title I Sia - Part A $9,974
10.185 Local Food for Schools Cooperative Program $8,657
84.425 Education Stabilization Fund-Mental Health $6,953