ERIC Number: ED248299
Record Type: Non-Journal
Publication Date: 1983-Jul
Reference Count: N/A
Child Care Food Program Financial Management Guide. PTM No. 300.83.
Haszu, Louis A.; McAtee, Sharon A.
While costs are no longer reported to the Child Care Food Program on the monthly reimbursement voucher, Federal regulations for the program require that each participating sponsor operate a nonprofit food service and that any income accrued from the program be used solely for the conduct of improvement of the food service operation. Therefore, it is important that each sponsor maintain a record keeping system whereby the source documentation of applicable food service costs can be monitored. The information in this guide is provided to assist program sponsors in developing and maintaining an accountability system for financial management in their Child Care Food Program operation. Federal authorization and purpose of the program are discussed, and a glossary of important terms is provided. Financial management standards and guidelines for determining allowable costs are presented. Allowable operating costs (for food, delivery, labor, purchased services, and supplies), administrative costs (for planning, organizing, and supervising), and non-allowable costs are detailed. Appendices include suggested formats for recordkeeping. Monthly depreciation factors are given, and non-expendable food equipment is itemized. (Author/KH)
Publication Type: Guides - Non-Classroom
Education Level: N/A
Audience: Administrators; Community; Practitioners
Authoring Institution: New Jersey State Dept. of Education, Trenton. Bureau of Child Nutrition Programs.