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Published: 176 days ago
" Beginning in School Year 2024-2025, TDA will allow School Food Authorities (SFAs) to retain an amount of net cash resources in their food service accounts not to exceed six months’ average expenditures (expanded from a three-month threshold). This change is not retroactive, and any SFA that has already submitted a spend-down plan for having an excess of three months’ average expenditures in its account must adhere to its submitted plan.
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Beginning in School Year 2024-2025, TDA will allow School Food Authorities (SFAs) to retain an amount of net cash resources in their food service accounts not to exceed six months’ average expenditures (expanded from a three-month threshold). Net cash resources are defined as all monies that are available to or have accrued to a school food authority's nonprofit school food service account at any given time, less cash payable. Such monies may include, but are not limited to, cash on hand, cash receivable, earnings on investments, cash on deposit and the value of stocks, bonds, or other negotiable securities.
Note that this change is not retroactive, and any SFA that has already submitted a spend-down plan for having an excess of three months’ average expenditures in its account must adhere to its submitted plan. Currently, this expansion only applies to SFAs operating NSLP; the three-month threshold remains in place for Contracting Entities only operating CACFP or SFSP.
SFAs who identify 6 months or greater in net cash resources at the end of their SFA fiscal year are encouraged to submit a spend-down plan for TDA approval prior to the deadline of the Financial Report. In mid-July, TDA will release an updated Excess Net Cash Resources Plan form to reflect the expansion of the excess net cash resource threshold, and a subsequent ARM update will be published at the end of July.
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Assistance available in English and Spanish. Please call 877-TEX-MEAL (877-839-6325) for help. Additional translations services available as well.
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In accordance with federal civil rights law and U.S. Department of Agriculture (USDA) civil rights regulations and policies, this institution is prohibited from discriminating on the basis of race, color, national origin, sex (including gender identity and sexual orientation), disability, age, or reprisal or retaliation for prior civil rights activity.
Program information may be made available in languages other than English. Persons with disabilities who require alternative means of communication to obtain program information (e.g., Braille, large print, audiotape, American Sign Language), should contact the responsible state or local agency that administers the program or USDA’s TARGET Center at (202) 720-2600 (voice and TTY) or contact USDA through the Federal Relay Service at (800) 877-8339.
To file a program discrimination complaint, a Complainant should complete a Form AD-3027, USDA Program Discrimination Complaint Form which can be obtained online at: https://www.usda.gov/sites/default/files/documents/ad-3027.pdf, from any USDA office, by calling (866) 632-9992, or by writing a letter addressed to USDA. The letter must contain the complainant’s name, address, telephone number, and a written description of the alleged discriminatory action in sufficient detail to inform the Assistant Secretary for Civil Rights (ASCR) about the nature and date of an alleged civil rights violation. The completed AD-3027 form or letter must be submitted to USDA by:
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1. Mail:
U.S. Department of Agriculture
Office of the Assistant Secretary for Civil Rights
1400 Independence Avenue, SW
Washington, D.C. 20250-9410; or
2. Fax: (833) 256-1665 or (202) 690-7442; or
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| This institution is an equal opportunity provider. |
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