" June 1, 2022 - Updates to the new Excess Net Cash Resources Plan form (formerly known as the Plan for Reducing an Excessive Operating Fund Balance) were released.
June 1, 2022 - In March, a new Excess Net Cash Resources Plan form was released. This form replaced the previous Plan for Reducing an Excessive Operating Fund Balance. TDA updated this form to clarify the funding source—“net cash resources”—and to align with USDA terminology.
On May 27, 2022, TDA re-released the new Excess Net Cash Resources Plan with the following updates:
- Clarified that net cash resources do not include food inventories (including USDA Foods),equipment, or other non-cash resources.
- Corrected the net cash resources formula to exclude inventories.
- Corrected three-month average expenditures formula to include number of operating months.
- Added a completion date.
- Added TDA authorization.
TDA will update the Administrator’s Reference Manual (ARM) soon to align with this update.
The form is located the Forms table on SquareMeals: https://squaremeals.org/Programs/NationalSchoolLunchProgram/AdministrationForms.aspx