West Virginia Code of State Rules
Agency 126 - Education
Title 126 - PROCEDURAL RULE BOARD OF EDUCATION
Series 126-085 - POLICIES OF OPERATION MANUAL - CHILD NUTRITION PROGRAMS (4320)
Section 126-85-80 - Excess Balance: Net Cash Resources

Universal Citation: 126 WV Code of State Rules 126-85-80

Current through Register Vol. XLI, No. 38, September 20, 2024

80.1. The WVDE shall review annually the net cash resources reported by the SFAs. If the net cash resources exceed three months normal operating costs then: a justification letter must be filed with the WVDE stating a short term plan of action for use of the funds; or adjustments in the rates of reimbursement shall be made until the net cash resources of the SFA are reduced to the required level.

80.2. If net cash resources are reflected as a negative amount, a justification must be filed with the WVDE along with the CNP Annual Report.

80.3. The SFA shall review annually the operating balance reported by the schools under its jurisdiction.

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