Finding 454728 (2022-001)

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Requirement
L
Questioned Costs
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Year
2022
Accepted
2023-03-15

AI Summary

  • Answer: The Food Service Fund had more cash than needed for three months of expenses as of June 30, 2022.
  • Trend: This indicates a consistent surplus in cash resources, which may suggest effective financial management.
  • List: Monitor cash flow regularly, assess future expenditure needs, and consider reinvestment options for surplus funds.

Finding Text

Our audit revealed net cash resources exceeded there months of average expenditures at June 30, 2022 in the Food Service Fund.

Categories

School Nutrition Programs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program-Cash Assistance $1.30M
84.425 Education Stabilization Fund-Crrsa-Esser II $759,814
84.027 Special Education_grants to States $661,920
84.010 Title I Grants to Local Educational Agencies $490,147
10.553 School Breakfast Program $128,972
84.425 Education Stabilization Fund-Cares Emergency Relief Fund $122,316
84.367 Improving Teacher Quality State Grants $95,617
10.555 National School Lunch Program-Non Cash Assistance (food Distribution) $87,009
84.027 Special Education_grants to States-Idea Part B Arp Basic $78,044
10.555 National School Lunch Program-Emergency Operational Cost Program $71,014
84.365 English Language Acquisition State Grants $32,474
84.173 Special Education_preschool Grants $23,919
93.778 Medical Assistance Program $20,226
84.424 Student Support and Academic Enrichment Program $13,350
84.365 English Language Acquisition State Grants-Immigrant $12,280
84.425 Education Stabilization Fund-Crrsa-Learning Acceleration $11,083
84.173 Special Education_preschool Grants-Arp $10,581
10.649 Pandemic Ebt Administrative Costs $6,198
84.425 Education Stabilization Fund-Mental Health $4,500