6.1 Introduction

By the end of this lesson, you will be able to…

  • Understand the key elements of an effective financial management system.
  • Identify expenditures that are claimed as operating costs.
  • Identify expenditures that are claimed as administrative costs.
  • Recognize the limits and conditions that impact allowable costs.
  • Understand how claims are compiled, submitted and paid.
  • Clarify what is meant by “nonprofit food service program”.
  • Understand how a nonprofit food service program is determined.
  • Identify the records required to document the nonprofit food service program.
  • Understand what to expect if the nonprofit food service program can’t be documented.
English