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Financial Management
Counting & Claiming ,[object Object],[object Object]
Non-Program Adults ,[object Object],[object Object]
Adult Meal Price ,[object Object]
Counting Money ,[object Object],[object Object],[object Object]
Daily Edit Checks ,[object Object],[object Object],[object Object]
Internal Controls Customer Theft ,[object Object],[object Object],[object Object]
Internal Control Employee Theft ,[object Object],[object Object],[object Object],[object Object],[object Object]
CNP Revenue ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
CNP Revenue ,[object Object],[object Object],[object Object],[object Object],[object Object]
CNP Expenditures ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Food Production Standards ,[object Object],[object Object],[object Object],[object Object],[object Object]
Meals Per labor Hour Current meal equivalents ____________________ Total labor hours worked = Meals per labor hour
Meal Equivalents ,[object Object],[object Object],[object Object],[object Object],[object Object]
Labors ,[object Object],[object Object],[object Object],[object Object]
Meals Per Labor Hour ,[object Object]
What Happens When… ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What Happens When… ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What Happens When… ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Alabama Productivity Standards ,[object Object]
Calculating Food Cost Percentage ,[object Object],[object Object]
Calculating Labor Cost Percentage ,[object Object],[object Object]
CNP “Money” Pie Labor 42-46%  Food 30-34% Other 20-28%
Jackson Primary School ,[object Object],[object Object],[object Object],[object Object]

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Bec doms financial management

Editor's Notes

  1. There are several key words in this definition: Point of service: Where the cashier verifies the information Reimbursable meal: Has all of the necessary components Eligible students: Have application on file to verify status School System can only be reimbursed if these conditions are met. Auditors will check for these and it could affect prior claims for reimbursement. Reimbursement is part of the revenue you generate in the CNP program.
  2. The best way to prevent theft is to eliminate the opportunity for stealing. It is best if the manager not serve as cahier.
  3. If you are not automated, the directions for doing this are in the Managers Guide. Note to trainer: If you are training private schools or RCCI go over the procedure step by step.
  4. There is a reimbursement for all students. The rate is set by USDA. Adults must pay for meals Only one meal per child is reimbursable, extra meals are at full price as well as components they may purchase.
  5. Add all of the equivalents for the day. Add the total hours worked during the day for all staff. Be sure to include part time staff, volunteers, anyone who worked at that site. When participation increases… meal equivalents increases and meals per labor hour increases What happens when a la carte sales increases…meal equivalents increases and meals per labor hour increases. What happens when total hours worked decreases…meals per labor hour increases.
  6. Labor cost include salary and fringe benefits. Add these together for all staff and divide that by the total expenditures for all goods and services.
  7. From this example students are not eating lunch. What happens to revenue if participation is increased? Goes up What happens to meal equivalents? Goes up What happens to Meals per labor hour? Goes up How can you increase participation? That is what we are going to talk about next. Marketing is very important topic if you have low participation. Because your financial status depends on the number of students you serve.