FAC Explorer

Finding 43623 (2022-001)

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Requirement
N
Questioned Costs
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Year
2022
Accepted
2023-03-27
Audit: 46995
Organization: Harrison Township School District (NJ)
Auditor: Inverso & Stewart LLC

AI Summary

  • Answer: The Food Service Fund has $29,668 more in net cash resources than its average expenses for three months.
  • Trend: This indicates a positive cash flow situation, suggesting the fund is managing its finances well.
  • List: Monitor cash resources regularly, consider potential reinvestments, and ensure compliance with budgetary guidelines.

Finding Text

The School District?s Food Service Fund's Net Cash Resources exceeded its three month average expenditures by $29,668.

Corrective Action Plan

Since June 30, 2022, the District has purchased and replaced needed Kitchen equipment in the amount of $31,907.18. This amount is in excess of the Net Cash Resources Finding of $29,668.

Categories

School Nutrition Programs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $416,265
84.425 Education Stabilization Fund - Arp - Esser III $236,674
84.425 Education Stabilization Fund - Crrsa - Esser II $65,930
84.027 Special Education_grants to States - Arp $62,307
84.010 Title I Grants to Local Educational Agencies $46,021
84.425 Education Stabilization Fund - Arp - Accelerated Learning $36,792
84.367 Improving Teacher Quality State Grants $28,776
10.555 National School Lunch - Food Distribution Program $28,564
84.027 Special Education_grants to States $27,633
84.425 Education Stabilization Fund - Arp - Mental Health $18,308
10.555 National School Lunch Program - Emergency Operational Cost Program $14,794
84.424 Student Support and Academic Enrichment Program $8,379
84.173 Special Education_preschool Grants - Arp $5,501
84.425 Education Stabilization Fund - Summer Learning and Enrichment $4,649
10.649 Pandemic Ebt Administrative Costs $628
84.173 Special Education_preschool Grants $140