Finding 58528 (2022-003)

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Requirement
L
Questioned Costs
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Year
2022
Accepted
2023-03-09
Audit: 55317
Organization: Hackensack 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 $2.93M
84.425 Education Stabilization Fund-Esser II $1.81M
10.553 School Breakfast Program $1.49M
84.027 Special Education_grants to States $1.46M
84.010 Title I Grants to Local Educational Agencies $1.19M
84.425 Education Stabilization Fund-Arp Esser III $708,200
84.027 Special Education_grants to States-Arp Basic $290,604
10.555 National School Lunch Program-Non-Cash Assistance (food Distribution) $221,497
84.367 Improving Teacher Quality State Grants $114,363
84.425 Education Stabilization Fund-Learning Acceleration $103,538
84.424 Student Support and Academic Enrichment Program $91,882
84.365 English Language Acquisition State Grants-Title III $90,331
93.778 Medical Assistance Program $56,639
84.425 Education Stabilization Fund-Cares Emergency Relief Grant $43,352
84.425 Education Stabilization Fund- Evidence Based Summer Learning and Enrichment $40,000
84.173 Special Education_preschool Grants $39,960
10.555 National School Lunch Program-Afternoon Snack Program $31,067
84.425 Education Stabilization Fund-Mental Health $20,150
21.019 Coronavirus Relief Fund $14,488
84.425 Education Stabilization Fund-Accelerated Learning Coach & Educator Sup. $3,761
10.649 Pandemic Ebt Administrative Costs $3,135
84.365 English Language Acquisition State Grants-Title III Immigrant $181