Finding 625196 (2022-003)

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Requirement
P
Questioned Costs
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Year
2022
Accepted
2023-01-22

AI Summary

  • Issue: The District's cash funds for the food service program exceeded the allowed limit by $519,240.
  • Requirement: Federal guidelines state that lunchroom cash balances should not surpass the average of three months' expenditures.
  • Next Steps: The District plans to assess equipment needs and meal charges to create a strategy for reducing excess cash balances by August 31, 2023.

Finding Text

a. Condition: Cash funds for the food service program were m excess of the allowed 3 months average expenditures by $519,240. b. Criteria: Federal funding requires that the lunchroom cash balances should not exceed the average 3 months spending. c. Cause: The actual cash balances as of August 31, 2022, exceeded the allowed 3 month average spending amount by $519,240. d. Effect: Excess Cash Balances were held by the District for $519,240 as of August 31, 2022. e. Recommendation: The District should review their current needs for equipment, charges for student meals, etc. and develop a plan for the reduction of cash balances in the lunchroom fund. f. District Response: The District will review their current needs for equipment, charges for student meals, etc. and develop a plan for the reduction of cash balances in the lunchroom fund during the current year ended August 31, 2023.

Categories

Cash Management Equipment & Real Property Management

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.425 Education Stabilization Fund $3.11M
84.027 Special Education_grants to States $1.30M
10.555 National School Lunch Program $1.23M
10.553 School Breakfast Program $364,232
84.010 Title I Grants to Local Educational Agencies $349,961
84.367 Improving Teacher Quality State Grants $54,358
84.365 English Language Acquisition State Grants $49,418
84.424 Student Support and Academic Enrichment Program $35,879
84.173 Special Education_preschool Grants $27,447
84.048 Career and Technical Education -- Basic Grants to States $17,424