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True or false. If you are a for-profit organization, you do not need to operate CACFP as a nonprofit program.
Operating a nonprofit food service program means all reimbursement received must be used to provide CACFP benefits to:
FNS Instruction 796-2, Rev. 4 and the ______________________________ handbook establishes program standards, principles, and guidelines for financial management including maintaining nonprofit food service operations.
True or false. To demonstrate you are maintaining a nonprofit food service program, it is required that you maintain detailed financial records and develop a sound understanding of financial controls so that you can document your nonprofit food service program.
Individual day care homes are not required to maintain a nonprofit food service program. However, day care home sponsors are required to ensure that day care home providers are serving ___________ CACFP meals to eligible enrolled participants. (Choose the best answer.)
When a sponsoring organization’s nonprofit food service program has a balance left after deducting expenses from the revenue, that money must remain with the food service for operation, improvements or expansion. With approval from the _______________ however, leftover funds may be used for other child nutrition programs operated by the organization.
The most important questions to ask when determining an organization’s nonprofit food service status include all of the following except:
Independent centers and sponsors of child or adult care centers and their facilities may retain up to this amount for administrative costs if they have an approved administrative budget.
The most important documentation needed to determine the nonprofit status of your food service program includes all revenues and ______________. (Choose the best answer.)
WVDE defines an excessive balance as any amount exceeding the average of 3 months of the institution’s and/or sponsored child or adult care center’s total allowable CACFP expenses.