FAC Explorer

Finding 948653 (2023-001)

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Requirement
C
Questioned Costs
-
Year
2023
Accepted
2024-03-05
Audit: 293518
Organization: Freehold Regional High School District (NJ)
Auditor: Suplee Clooney and Company

AI Summary

  • Core Issue: The District's net cash resources exceeded the allowed limit of 3 months' average expenditures for its nonprofit school food service.
  • Impacted Requirements: The District is not in compliance with CFR Section 210.14 regarding resource management.
  • Recommended Follow-Up: Review and adjust net cash resources to ensure compliance with federal regulations.

Finding Text

CFR Section 210.14 Resource Management net cash resources. The school food authority shall limit its net cash resources to an amount that does not exceed 3 months average expenditures for its nonprofit school food service. The District’s net cash resources exceeded 3 months average expenditures. Based on the net cash resources calculation, the District exceeded maximum net cash resources. The federal subsidies the District received have increased. The District is not in compliance with CFR 210.14.

Categories

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Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.425U Arp- Esser $3.47M
84.027 I.d.e.a. Part B $2.37M
21.027 Coronavirus State and Local Fiscal Recovery Funds $1.36M
10.555 National School Lunch Program $1.20M
84.010 Title I Grants to Local Educational Agencies $408,980
84.425D Crrsa- Esser II $213,856
84.367 Title II Part A Teacher & Principal Training $211,458
93.778 Medical Assistance Program $141,658
12.357 Jrotc $107,779
84.048 Vocational Education - Perkins $87,629
10.553 School Breakfast Program $44,795
84.027X Arp- I.d.e.a. Part B $44,161
84.365 Title III $37,131
84.424 Title IV $28,631
10.551 Healthy Hunger Free Kids Act $22,548
10.649 Pandemic Ebt Administrative Costs $3,256