Finding Text
2024-002 Child Nutrition Cluster 2023 and 2024 Criteria: Per 7 CFR 210.14, a National School Lunch Program sponsor shall limit its net cash reserves to an amount that does not exceed three
months' average expenditures for its nonprofit school food service. Condition: At June 30, 2024, the District maintained fund balance in excess of three months' average expenditures. Questioned Costs: None Context: The District has been operating the National School Lunch Program with revenues in excess of expenditures for several years. At June
30, 2024 the District maintained fund balance in excess of three months' average expenditures. Effect: The District has a fund balance in excess of three months' average expenditures for the Food Service Program. Cause: The District has a fund balance in excess of three months' average expenditures for the Food Service Program. Recommendation: We recommend the District work on decreasing the fund balance to below the three months' average expenditures. Management's Reponse: See corrective action plan