Finding 952495 (2023-003)

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Requirement
P
Questioned Costs
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Year
2023
Accepted
2024-03-14
Audit: 295080
Organization: Rahway School District (NJ)

AI Summary

  • Core Issue: The District's net cash resources are over the allowed limit of 3 months' average expenditures.
  • Impacted Requirement: This violates CFR Section 210.14 regarding resource management for school food authorities.
  • Recommended Follow-Up: The District should take steps to reduce net cash resources to comply with the 3-month limit.

Finding Text

Criteria 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. Condition The District’s net cash resources exceeded 3 months average expenditures. Context Based on the net cash resources calculation, the District exceeded maximum net cash resources. Cause Prior year condition unchanged. Effect or Potential Effect The District is not in compliance with CFR 210.14. Recommendation That the District ensure that net cash resources does not exceed 3 months average expenditures.

Categories

No categories assigned yet.

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
10.555 National School Lunch Program $1.53M
84.010 Title I Grants to Local Educational Agencies $867,607
93.778 Medical Assistance Program $285,750
10.553 School Breakfast Program $165,953
84.367 Improving Teacher Quality State Grants $144,547
21.027 Coronavirus State and Local Fiscal Recovery Funds $133,735
84.425 Education Stabilization Fund $88,501
84.365 English Language Acquisition State Grants $47,465
84.424 Student Support and Academic Enrichment Program $27,647
84.027 Special Education_grants to States $15,031
84.173 Special Education_preschool Grants $8,380