Meal Equivalent Rate definition

Meal Equivalent Rate. The fixed per meal equivalent rate for non-program food sales (including a la carte, vending, adult meals, contract meals, and catering) will be determined by the Renewal Year - Lunch Equivalency Rate (LER) to arrive at a meal equivalent count. Computation of LER for non-program food sales: The computation below for computation of LER is only a model. SFAs are encouraged to use this criterion as a minimum in computing the LER and should establish the rate based on other district criteria in efforts to promote reimbursable meals over non-program food sales. Renewal Year - Lunch Equivalency Rate (LER) Current Year Federal Free Rate of Reimbursement: $ ­­­­____________ Current Year State Match Reimbursement Rate: $ ­­­­____________ Current Year Value of USDA Entitlement USDA Foods: $ ­­­­____________ Total Lunch Equivalency Rate (Sum of 1+2+3): $ ­­­­____________ Updated Regulatory Requirement: SFAs with fixed price FSMC agreements must comply with the nonprogram foods requirements in 7 CFR Part 210.14. Because of the aforementioned regulatory update, the Parties to the Base Contract shall agree to the following Base Contract changes: The FSMC shall provide SFA with food cost data it requests in order to determine the SFA’s compliance with the revenue from nonprogram foods requirements. The information provided by the FSMC must be sufficient for the SFA to be able to provide specific information about the food service operation and all required products and services they are seeking to procure. For example, essential information includes: For fixed price per meal contracts, awarded on a per meal basis and with revenues from nonprogram foods sales converted into meal equivalents to which the fixed price cost is applied, the FSMC will annually provide information on food costs and revenues. The information must include food cost for reimbursable meals, food cost for non-program foods, revenue from non-program foods, and total revenue. Nonprogram foods include: a la carte; catering; vending; and student stores operated, or any other sales generated through the nonprofit school food service account not already described. This information is used to determine compliance with revenue from nonprogram foods at 7 CFR 201.14(f). Historical information on the type and value of nonprogram foods and meals to be offered such as other food service operations, for example, catering. When the FSMC will be responsible for providing the SFA with, or calculating nonprogram food ...
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Meal Equivalent Rate. The fixed per meal equivalent rate for non-program food sales (including a la carte, vending, adult meals, contract meals, and catering) will be determined by the Renewal Year - Lunch Equivalency Rate (LER) to arrive at a meal equivalent count. Computation of LER for non-program food sales: The computation below for computation of LER is only a model. SFAs are encouraged to use this criterion as a minimum in computing the LER and should establish the rate based on other district criteria in efforts to promote reimbursable meals over non-program food sales. Renewal Year - Lunch Equivalency Rate (LER) Current Year Federal Free Rate of Reimbursement: $ ­­­­____________ Current Year State Match Reimbursement Rate: $ ­­­­____________ Current Year Value of USDA Entitlement USDA Foods: $ ­­­­____________ Total Lunch Equivalency Rate (Sum of 1+2+3): $ ­­­­____________
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Examples of Meal Equivalent Rate in a sentence

  • MEAL EQUIVALENCY RATE Lunch Rate Current Year Federal Free Rate of Reimbursement:$ 3.43Current Year State Match Reimbursement Rate:$ 0.0256Current Year State Program Reimbursement Rate (If Applicable):$ --Current Year Value of USDA Entitlement Donated Foods$ 0.3625Current Year Value of USDA Bonus Donated Foods (If Applicable):$ --Total Meal Equivalent Rate:$ 3.81814.

  • MEAL EQUIVALENCY RATELunch Rate Current Year Federal Free Rate of Reimbursement:$ 3.43Current Year State Match Reimbursement Rate:$ 0.0256Current Year State Program Reimbursement Rate (If Applicable):$ Current Year Value of USDA Entitlement Donated Foods$ 0.3625Current Year Value of USDA Bonus Donated Foods (If Applicable):$ Total Meal Equivalent Rate:$ 3.

  • MEAL EQUIVALENCY RATE Lunch Rate Current Year Federal Free Rate of Reimbursement: $ 2.57 Current Year State Match Reimbursement Rate: $ .028 Current Year State Program Reimbursement Rate (If Applicable): $ 0.00 Current Year Value of USDA Entitlement Donated Foods: $ .2084 Current Year Value of USDA Bonus Donated Foods (If Applicable): $ 0.00 Total Meal Equivalent Rate: $ 2.8064 4.

  • MEAL EQUIVALENCY RATELunch RateCurrent Year Federal Free Rate of Reimbursement:$ 3.43Current Year State Match Reimbursement Rate:$ 0.0256Current Year State Program Reimbursement Rate (If Applicable):$Current Year Value of USDA Entitlement Donated Foods$ 0.3625Current Year Value of USDA Bonus Donated Foods (If Applicable):$Total Meal Equivalent Rate:$ 3.8184.

  • MEAL EQUIVALENCY RATE Lunch RateCurrent Year Federal Free Rate of Reimbursement: Total Meal Equivalent Rate:$ 3.39$ 3.39 4.

  • MEAL EQUIVALENCY RATE Lunch RateCurrent Year Federal Free Rate of Reimbursement: Current Year State Match Reimbursement Rate:Current Year State Program Reimbursement Rate (If Applicable): Current Year Value of USDA Entitlement Donated Foods:Current Year Value of USDA Bonus Donated Foods (If Applicable): Total Meal Equivalent Rate:$ 2.9300$ 0.0255$ 0 $ 0.2225$ 0 $ 3.1780 4.

  • MEAL EQUIVALENCY RATE Lunch Rate Current Year Federal Free Rate of Reimbursement:$ 3.43Current Year State Match Reimbursement Rate:$ 0.0256Current Year State Program Reimbursement Rate (If Applicable):$ Current Year Value of USDA Entitlement Donated Foods$ 0.3625Current Year Value of USDA Bonus Donated Foods (If Applicable):$ Total Meal Equivalent Rate:$ 3.8181_4.

  • MEAL EQUIVALENCY RATE Lunch Rate Current Year Federal Free Rate of Reimbursement:$ 3.43Current Year State Match Reimbursement Rate:$ 0.0256Current Year State Program Reimbursement Rate (If Applicable):$ Current Year Value of USDA Entitlement Donated Foods$ 0.3625Current Year Value of USDA Bonus Donated Foods (If Applicable):$ Total Meal Equivalent Rate:$ 3.81814.

  • Meal Equivalent Rate: The fixed per meal equivalent rate for non-program food sales (including a la carte, vending, adult meals, contract meals, and catering) will be determined by the Renewal Year - Lunch Equivalency Rate (LER) to arrive at a meal equivalent count.Computation of LER for non-program food sales:The computation below for computation of LER is only a model.

  • MEAL EQUIVALENCY RATE Lunch Rate Current Year Federal Free Rate of Reimbursement:$ _3.43_Current Year State Match Reimbursement Rate:$ 0.0256Current Year State Program Reimbursement Rate (If Applicable):$ Current Year Value of USDA Entitlement Donated Foods$ 0.3625Current Year Value of USDA Bonus Donated Foods (If Applicable):$ Total Meal Equivalent Rate:$ 3.81814.

Related to Meal Equivalent Rate

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  • Equivalent Amount of any currency with respect to any amount of Dollars at any date shall mean the equivalent in such currency of such amount of Dollars, calculated on the basis of the Exchange Rate for such other currency at 11:00 a.m., London time, on the date on or as of which such amount is to be determined.

  • B/A Equivalent Loan has the meaning assigned to such term in Section 2.06(j).

  • Lead equivalent means the thickness of lead affording the same attenuation, under specified conditions, as the material in question.

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  • Reinvestment Rate means .25% (one-fourth of one percent) plus the arithmetic mean of the yields under the respective headings “This Week” and “Last Week” published in the Statistical Release under the caption “Treasury Constant Maturities” for the maturity (rounded to the nearest month) corresponding to the remaining life to maturity, as of the payment date of the principal being redeemed or paid. If no maturity exactly corresponds to such maturity, yields for the two published maturities most closely corresponding to such maturity shall be calculated pursuant to the immediately preceding sentence and the Reinvestment Rate shall be interpolated or extrapolated from such yields on a straight-line basis, rounding in each of such relevant periods to the nearest month. For the purposes of calculating the Reinvestment Rate, the most recent Statistical Release published prior to the date of determination of the Make-Whole Amount shall be used.

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  • Dollar Equivalent Amount means (i) with respect to any amount of Alternate Currency on any day, the equivalent amount in Dollars of such amount of Alternate Currency as determined by the Administrative Agent using the applicable Exchange Rate on such day and (ii) with respect to any amount of Dollars, such amount.

  • Actuarial equivalent means a benefit of equal value when

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  • Annual Fixed Dividend Rate means, for any Subsequent Fixed Rate Period, the annual rate (expressed as a percentage rate rounded down to the nearest one hundred-thousandth of one percent (with 0.000005% being rounded up)) equal to the sum of the Government of Canada Yield on the applicable Fixed Rate Calculation Date plus 2.16%.

  • Settlement Rate has the meaning specified in Section 5.1.

  • Benchmark Rate means, with respect to any Redemption Date, the rate per annum equal to the annual equivalent yield to maturity or interpolated maturity of the Comparable Benchmark Issue (as defined below), assuming a price for the Comparable Benchmark Issue (expressed as a percentage of its principal amount) equal to the Comparable Benchmark Price for such Redemption Date.

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