Finding 51899 (2022-001)

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Requirement
L
Questioned Costs
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Year
2022
Accepted
2023-03-23
Audit: 50019
Organization: Ridgefield Board of Education (NJ)

AI Summary

  • Answer: The Food Service Fund had more cash than needed, exceeding three months of average expenses as of June 30, 2022.
  • Trend: This indicates a potential overfunding situation that may need to be addressed.
  • List: Consider reviewing fund allocation and expenditure strategies to optimize cash resources.

Finding Text

Our audit revealed net cash resources exceeded three 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 $728,395
84.425 Education Stabilization Fund-Crrsa-Esser II $636,838
84.010 Title I Grants to Local Educational Agencies $322,991
84.027 Special Education_grants to States $239,197
10.553 School Breakfast Program-Cash Assistance $138,669
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $113,944
10.555 National School Lunch Program-Nono-Cash Assistance $74,352
84.425 Education Stabilization Fund-Arp Esser III $60,355
93.778 Medical Assistance Program $58,757
84.027 Special Education_grants to States-Arp Basic-Idea Part B $58,340
84.425 Education Stabilization Fund-Crrsa - Learning Acceleration $53,224
84.425 Education Stabilization Fund-Crrsa-Mental Health $45,000
84.365 English Language Acquisition State Grants $41,091
84.367 Improving Teacher Quality State Grants $37,451
84.424 Student Support and Academic Enrichment Program $24,512
84.173 Special Education_preschool Grants $20,322
84.048 Career and Technical Education -- Basic Grants to States $13,908
84.173 Special Education_preschool Grants-Arp Preschool-Idea Part B $6,197
84.425 Education Stabilization Fund-Arp-Evidence Based Summer Learning and Enrichment $1,000
10.649 Pandemic Ebt Administrative Costs $628
84.425 Education Stabilization Fund-Cares Emergency Relief Grant $407