4.3 Lesson 4 Quiz

Maintaining a nonprofit food program means

Operating a nonprofit food program applies to

When determining costs and revenues that are used to calculate the nonprofit food program status, the primary reference is

Only CACFP reimbursement and meals sold to program staff are calculated to determine food program revenues.

As long as teachers or care providers are serving food to participants, their salaries are deducted from food program revenues when determining the nonprofit food program.

Documentation to support claims for reimbursement must be maintained to support claims submitted when determining a nonprofit food program.

Costs shared by CACFP and other programs do not count when determining the nonprofit food program.

All administrative and operating costs must be allowable and approved properly if claimed as costs when determining a nonprofit food program.

If there is an excess fund balance, the CACFP may use this money to purchase food to be used in the next fiscal year.

An excessive fund balance may be used to increase salaries for staff that saved the program money.

The state agency may take action against a CACFP Sponsor if they fail to use the excess fund balance to improve quality or expand access to the program if instructed to do so.

The sponsor sells an old computer previously bought with CACFP funds for $200 because they received a new one as a gift from a local community organization. Since the new computer is worth more than $200, the institution can use the $200 without reporting it as CACFP revenue.

The Financial Management Instruction, 796-2, Rev. 4 should be referenced when preparing the annual budget and all revisions, determining allowable costs and cost approval processes, and making purchases.