Finding 48754 (2022-003)

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Requirement
P
Questioned Costs
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Year
2022
Accepted
2023-01-22

AI Summary

  • Issue: The District's cash funds for the food service program exceeded the allowed limit by $519,240.
  • Requirement: Federal guidelines state that lunchroom cash balances should not surpass the average of three months' expenditures.
  • Next Steps: The District plans to assess equipment needs and meal charges to create a strategy for reducing excess cash balances by August 31, 2023.

Finding Text

a. Condition: Cash funds for the food service program were m excess of the allowed 3 months average expenditures by $519,240. b. Criteria: Federal funding requires that the lunchroom cash balances should not exceed the average 3 months spending. c. Cause: The actual cash balances as of August 31, 2022, exceeded the allowed 3 month average spending amount by $519,240. d. Effect: Excess Cash Balances were held by the District for $519,240 as of August 31, 2022. e. Recommendation: The District should review their current needs for equipment, charges for student meals, etc. and develop a plan for the reduction of cash balances in the lunchroom fund. f. District Response: The District will review their current needs for equipment, charges for student meals, etc. and develop a plan for the reduction of cash balances in the lunchroom fund during the current year ended August 31, 2023.

Corrective Action Plan

Cash funds for the food service program were in excess of the allowed 3 months average expenditures by $519,240. The District will review their current needs for equipment, charges for student meals, etc. and develop a plan for the reduction of cash balances in the lunchroom fund during the current year ended August 31, 2023.

Categories

Cash Management Equipment & Real Property Management

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $3.11M
84.027 Special Education_grants to States $1.30M
10.555 National School Lunch Program $1.23M
10.553 School Breakfast Program $364,232
84.010 Title I Grants to Local Educational Agencies $349,961
84.367 Improving Teacher Quality State Grants $54,358
84.365 English Language Acquisition State Grants $49,418
84.424 Student Support and Academic Enrichment Program $35,879
84.173 Special Education_preschool Grants $27,447
84.048 Career and Technical Education -- Basic Grants to States $17,424