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Using the prudent person principle, institutions can decide whether a cost is
Managing expenses, tracking revenue and expenses, and overseeing the processes and documentation are principles of
An approved budget, meal records, reliable accounting and internal controls provide support for
Centralizing purchases, payments and documentation with one person
One way to determine the CACFP’s portion of a shared cost is determining if there are sufficient CACFP funds to cover the cost.
If care providers or teachers split time between their primary duties and overseeing the CACFP meal service, you can charge half their salaries to the CACFP.
Including all line items in the budget and having the budget approved prior to making purchases ensures that all approved costs are allowable.
If an institution can demonstrate the value of a cost to the CACFP, and document its purchase, the cost will be allowed.
If there is a question regarding the allowability of a cost in the CACFP, it is best to
Which of the following costs cannot be charged as operating costs?
Costs to plan, oversee, and manage the program are
When approved allowable costs total more than the CACFP reimbursement received,
Claims for reimbursement must be filed not later than
If claims are submitted with errors, the claim