Donated Foods Sample Clauses

Donated Foods. A. The FSMC will provide the following services in relation to commodity foods 1. Preparing and serving meals 2. Ordering or selection of donated foods, in coordination with the SFA in accordance with 7 CFR 250.52 3. Storage and inventory management of donated foods in accordance with 7 CFR 250.52 4. Payment of processing fees and or submittal of refund requests to a processor on behalf of the SFA, or remittance of refunds for the value of donated foods in processed end products to the SFA, in accordance with subpart C of 7 CFR 250 B. The FSMC must credit the SFA for the value of all donated foods received for use in the SFA’s meals service in a school year (including both entitlement and bonus foods), including the value of donated foods contained in processed end products if the FSMC procures processed end products on behalf of the SFA, or acts as an intermediary in passing the donated food value in processed end products on to the SFA. C. The FSMC shall credit for donated foods by disclosure, i.e., the FSMC shall credit the SFA for the value of donated foods by disclosing, in its billing for food costs submitted to the SFA, the savings resulting from the receipt of donated foods for the billing period. Crediting by disclosure does not affect the requirement that the FSMC shall only bill the SFA for net allowable costs. The FSMC shall use the USDA’s [November 15th] list of commodity food values to report the value of donated foods in its disclosure of the value of donated foods to the SFA on its invoices.
Sample 1
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Donated Foods. FSMC will ensure that all federally donated foods received by SFA and made available to FSMC accrue only to the benefit of the Nonprofit Account and are fully utilized therein.
Sample 1

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