Finding 602778 (2022-001)

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Requirement
L
Questioned Costs
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Year
2022
Accepted
2023-03-26
Audit: 24550
Organization: Leonia 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 $882,753
84.425 Education Stabilization Fund-Crrsa-Esser II $447,291
84.027 Special Education_grants to States $350,615
84.010 Title I Grants to Local Educational Agencies $142,063
84.027 Special Education_grants to States-Idea Part B Arp Basic $93,208
10.555 National School Lunch Program-Food Distribution Commodities Program $56,724
93.778 Medical Assistance Program $55,528
21.027 Coronavirus State and Local Fiscal Recovery Funds $50,922
84.425 Education Stabilization -Crrsa-Mental Health $37,739
10.553 School Breakfast Program $33,215
84.365 English Language Acquisition State Grants $24,069
84.367 Improving Teacher Quality State Grants $18,647
84.173 Special Education_preschool Grants $17,769
84.425 Education Stabilization Fund-Crrsa-Learning Acceleration $13,353
84.424 Student Support and Academic Enrichment Program $10,240
84.425 Education Stabilization Fund-Cares Emergency Relief Grant $7,260
10.558 Child and Adult Care Food Program $2,294
10.649 Pandemic Ebt Administrative Costs $614