Littleton Public Schools Policy

Policy Code    EFE Policy Name    Food Services Records and Reports Adoption            July 2, 1984 Revised

Title changes were made 2/9/00.

Accounting

The enterprise fund basis of accounting will be used for the food services fund as required by the Colorado State Board of Education.

Audit

The food services fund will be audited annually by an independent certified public accountant or registered accountant. The audit shall comply with federal requirements.

Income

The food services program shall be operated on a nonprofit basis. Any income derived from the operation of the program shall be used to support the food services program and shall not be used for any other purpose.

Pricing

The federally reimbursable lunch will be priced as a unit. The price of the lunch shall be approved by the Board of Education upon the recommendation of the director of food services, the assistant superintendent of business services/chief financial officer, and the Superintendent, with the prior approval of the Colorado Department of Education Child Nutrition Unit.

Record Retention

All accounts and records of the food services program shall be retained for a period of three years after the end of the fiscal year to which they pertain.

Legal Reference: Colorado State Board of Education Rules for Accounting and Reporting 2245 -R-3.05

                           Colorado State Board of Education Rules for School Food Services 2202-R-205.00

                           Federal Office of Management and Budget Circular A102, Attachment P

                           Code of Federal Regulations Title VII Part 210.7 (b)

                           Colorado State Board of Education Rules for School Food Services 2202-R-209- 01

                           Code of Federal Regulations Title VII Part 210.8 (e) (4)

                           Code of Federal Regulations Title VII Part 210.8 (e) (14) and (16)