Nonprofit School Food Service Account definition

Nonprofit School Food Service Account means the restricted ac- count in which all the revenue from all food service operations con- ducted by the SFA principally for the benefit of school children is retained and used only for the operation or improvement of the nonprofit school food service.
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Nonprofit School Food Service Account means the account in which all revenue from all food service operations conducted by the Sponsor is held and all revenue is used solely for the operation or improvement of such food services.
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Nonprofit School Food Service Account means the same as the term is defined in 7 CFR 210.12
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Examples of Nonprofit School Food Service Account in a sentence

  • Maintenance of the Nonprofit School Food Service Account – Revenues and expenses are in accordance with Federal regulation, expenses are necessary, reasonable, and allocable and used only for the operation and improvement of the school food service.

  • The State Agency (SA) cannot verify the SFA's compliance with the Nonprofit School Food Service Account (NSFSA) requirements.

  • The SA cannot verify the SFA's compliance with the Nonprofit School Food Service Account (NSFSA) requirements.

  • USDA policy SP 20-2016 Nonprofit School Food Service Account Non-program Food Revenue Requirements further clarifies the requirements for calculating the non-program foods requirement and defines the minimum amount of time to collect revenue and expenditure data as 5 consecutive operating days.

  • For more information, see SP 13- 2014: School Food Service Account Revenue from the Sale of Non-Program Foods, December 12, 2013, http://www.fns.usda.gov/school-food-service-account-revenue- sale-nonprogram-foods and SP 20-2016: Nonprofit School Food Service Account Nonprogram Food Revenue Requirements, December 23, 2015, http://www.fns.usda.gov/nonprofit-school-food-service-account-nonprogram-food- revenue-requirements.

  • The SFA will not pay unallowable expenses from the SFA’s Nonprofit School Food Service Account.

  • Nonprofit School Food Service AccountBased on the Resource Management Questionnaire, the SFA triggered for a comprehensive review of the Nonprofit School Food Service Account.

  • Findings and Corrective Action Needed: Nonprofit School Food Service Account √ Finding #1: The adult lunch charge of $3.45 which is listed within the online contract is not in compliance with the federal minimum pricing guidelines.

  • For a more comprehensive overview, see SP 23-2017: Unpaid Meal Charges Guidance: https://dpi.wi.gov/sites/default/files/imce/school-nutrition/pdf/sp-23-2017.pdfo Best Practiceso Local meal charge policy checklisto Sample outstanding balance lettero Sample robo-call scriptFindings and Corrective Action Needed: Nonprofit School Food Service Account ❑ Finding #1: On the Annual Financial Report, all of the expenses were not separated out by individual programs.

  • Nonprofit School Food Service Account Technical Assistance:Annual Financial Report (AFR)● All revenues (reimbursements and student payments) and expenses (including food, labor, equipment, purchased services, and the other category) need to be separated into each program; this will aid the school in calculating its “yearly” reference period for nonprogram food compliance which is highly recommended.


More Definitions of Nonprofit School Food Service Account

Nonprofit School Food Service Account means the account in which all revenue from all food service operations
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Nonprofit School Food Service Account means the restricted account in which all of the revenue from all food service operations conducted by the school food authority principally for the benefit of school children is retained and used only for the operation or improvement of the nonprofit school food service. This account shall include, as appropriate, non-Federal funds used to support paid lunches as provided in §210.14(e), and proceeds from nonprogram foods as provided in §210.14(f)" 7 CFR 210.14 states in part:
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Nonprofit School Food Service Account means the restricted account in which all of the revenue from all food service operations conducted by the SFA principally for the benefit of school children is retained and used only for the operation or improvement of the nonprofit school food service…” 4 ModulesMAINTENANCE OF THE NONPROFIT SCHOOL FOOD SERVICE ACCOUNT Separate Food Service Account: • What is a “separate food service account”?• Examples:• Separate food service fund• Separate food service bank account used for all food service transactions.• Separate revenue & expense codes and you track any carryover profit (if any) 4 ModulesMAINTENANCE OF THE NONPROFIT SCHOOL FOOD SERVICE ACCOUNT Separate Food Service Account: • Food service fund(s)• Fund accounting: segregated for a specific purpose (NSLP), self balancing set of accounts (debits & credits), identified with a fund number• May include multiple CNPs (NSLP, SFSP, CACFP) and/or multiple funds• Type of fund = “Special Revenue Fund”• Food service financial reports, including a Balance Sheet or Statement of Financial Position that shows ending fund balance4 ModulesMAINTENANCE OF THE NONPROFIT SCHOOL FOOD SERVICE ACCOUNTFund Balance: 4 ModulesMAINTENANCE OF THE NONPROFIT SCHOOL FOOD SERVICE ACCOUNT Separate Food Service Account: • Separate Food Service Bank Account(s)• All food service transactions must be run through the FS bank account.• If not, then the ending bank balance does not match the ending food service balance, and you would have to manually track the ending balance each year.• School-wide Balance Sheet with an asset line for the FS cash account• Must also track FS revenues & expenditures in separate accounting codes 4 ModulesFund Balance:MAINTENANCE OF THE NONPROFIT SCHOOL FOOD SERVICE ACCOUNT 4 Modules
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Related to Nonprofit School Food Service Account

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

  • Commercial account means an arrangement whereby a retail distributor sells hazardous chemicals to an employer, generally in large quantities over time and/or at costs that are below the regular retail price.

  • American Express Meeting Planner Account or “AMEX MPA” is the method by which all Master Account charges under this Agreement shall be settled with an American Express Meeting Planner Account or AMEX MPA number. The appropriate and authorized AMEX MPA number will be provided to the Contractor only when a final invoice is received, reviewed, and approved by the AOC, in accordance with the provisions of this exhibit.

  • educational establishment means any school, college or other educational body designated by the Minister by order either specifically or by reference to a class, for the purposes of this Act;

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Member Account means the regular account and the variable account.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Health Savings Account means an account as permitted under section 223 of the internal revenue code of 1986, 26 USC 223.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • frozen account means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person;

  • Individual retirement account means an individual retirement account under Section 408 of the Code, a Roth IRA under Section 408A of the Code, a simplified employee pension under Section 408(k) of the Code or a simple retirement account for employees under Section 408(p) of the Code.

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Medical savings account means an account exempt from federal income taxation pursuant to Section 220 of the United States Internal Revenue Code (26 U.S.C. § 220).

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Nonprofit corporation means that term as defined under section 108 of the nonprofit corporation act, 1982 PA 162, MCL 450.2108.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Income Account Distribution Date means the "Distribution Dates" set forth in the "Essential Information" in the Prospectus.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Current Account means a form of demand deposit wherefrom withdrawals are allowed any number of times depending upon the balance in the account or up to a particular agreed amount and will also include other deposit accounts which are neither Savings Deposit nor Term Deposit.

  • Foreign nonprofit corporation means an entity:

  • Employer Account The Participant's Matching 401(k) Contributions Account, Matching Thrift Contributions Account, Employer Contributions Account, Qualified Matching Contributions Account and Qualified Nonelective Contributions Account, as the case may be.