Program Management & Financial Oversight Flashcards
7 cards from real SNA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Program Management & Financial Oversight flashcards as text
Which federal regulation governs the financial management requirements for school nutrition programs receiving USDA reimbursements?
Answer: 2 CFR Part 200
2 CFR Part 200 (Uniform Administrative Requirements) establishes the financial management, procurement, and reporting standards for all federal grant recipients including school nutrition programs.
A school nutrition program's competitive food revenue must be used for what purpose?
Answer: Only for the benefit of the nonprofit school food service account
All revenues generated by the food service operation, including competitive food sales, must remain in and benefit the nonprofit school food service account.
When evaluating bids for a school food service contract, what is the key difference between a 'responsive' and a 'responsible' bidder?
Answer: Responsive means the bid meets all specifications; responsible means the vendor can perform the work
A responsive bid meets all stated specifications and requirements, while a responsible bidder has the capacity, integrity, and resources to successfully perform the contract.
In school nutrition financial reporting, what does the term 'encumbrance' refer to?
Answer: Funds committed for a specific purchase but not yet paid
An encumbrance represents funds that have been reserved or committed for a specific obligation (like a purchase order) but not yet disbursed.
Which approach to menu planning is most directly tied to controlling food costs while ensuring meal pattern compliance?
Answer: Cycle menu planning with pre-costed recipes
Cycle menus with pre-costed standardized recipes allow managers to predict food costs accurately and ensure consistent meal pattern compliance across cycles.
What is the role of an 'independent audit' in school nutrition program financial oversight?
Answer: To provide an objective assessment of financial records and internal controls
An independent audit provides an unbiased examination of financial statements and internal controls to ensure accuracy, compliance, and accountability.
Under the Richard B. Russell National School Lunch Act, school nutrition programs must operate on a nonprofit basis, which means:
Answer: All revenues must be used solely for the operation and improvement of the food service
Nonprofit operation means all revenues generated must be used exclusively for the food service program's operations, maintenance, and improvement.