Finding Text
2022-001 Program Income U.S. DEPARTMENT OF AGRICULTURE passed through the Louisiana Department of Education 10.553, 10.555, 10.559 Child Nutrition Cluster COVID-19 ? National School Lunch Program (10.555) 2021-2022 Award Year Grant No. 2004-023790207 Criteria: The Net Cash Resources should be below the 3 Months? Average Expenses for the federal program. Condition: The School Board maintained Net Cash Resources in excess of the 3 Months? Average Expenses at June 30, 2022. Cause: The School Board did not properly monitor and make adjustments to its Net Cash Resources and expenses. Effect: The School Board is not in compliance with the requirement to maintain Net Cash Resources below the 3 Months? Average of expenses. Questioned Costs: None. Recommendation: The School Board should take corrective steps to reduce its Net Cash Resources to no more than the 3 Months? Average Expenses and develop a timeframe for making such reduction. Repeat Finding: Yes. View of Responsible Official: We have been and are budgeting to spend more money in 2023 than we have collected or will collect in revenues. We are anticipating a deficit in 2023 for the Child Nutrition Program. This will cause our Net Cash Resources to decrease.