Financial Document Review Services

The Vendor is required to provide child nutrition programs financial document review administers federally funded child nutrition programs in accordance with 2 CFR 200, 7 CFR parts 210, 220, and 226.
- To ensure financial integrity, compliance with procurement standards, and timely completion of required program reviews, board may engage third party professional services vendors to supplement internal capacity.
- Complete desk reviews for the following activities:
• Conducting CACFP financial reviews (approximately 16 hours to complete)
• Conducting SNP procurement reviews (approximately 4-7 hours to complete)
• Reviewing financial records, procurement documentation, and supporting materials
• Identifying findings, issuing recommendations, and supporting corrective action processes
• Providing technical assistance related to federal and state requirements
• Completing claim edit checks to ensure proper reimbursement.
- Confidential and sensitive data, including financial documents, student, and sponsor information, including:
• Bank activity (one month)
o All bank accounts used to receive or spend funds
• Bank and financial statements
o Corresponding to the same one‑month review period
• Detailed expenditure records
o Itemized general ledger
o Actual expenditure reports
• Transaction support documentation
o Itemized receipts
o Dated invoices
o Canceled checks
o Credit card and cash transaction records
• Payroll records
o Documentation supporting payroll charges to CACFP
• Allocation support records
o Documentation showing how shared costs were allocated to CACFP
• Disbursement records to sponsored facilities
o Evidence of payments made to sites or unaffiliated centers
• Administrative cost data (if applicable)
o Amounts of CACFP reimbursement retained for administrative expenses
o Revenue vs. expenditure data
o Information sufficient to determine surplus, break‑even, or loss status
• Audit documentation (if applicable)
o Single audit reports
o Evidence of audit compliance with 2 CFR 200.