Finding Text
Criteria
CFR Section 210.14 Resource Management net cash resources. The school food authority shall limit its net cash resources to an amount that does not exceed 3 months average expenditures for its nonprofit school food service.
Condition
The District’s net cash resources exceeded 3 months average expenditures.
Context
Based on the net cash resources calculation, the District exceeded maximum net cash resources.
Cause
Prior year condition unchanged.
Effect or Potential Effect
The District is not in compliance with CFR 210.14.
Recommendation
That the District ensure that net cash resources does not exceed 3 months average expenditures.