Child and Adult Care Food Program FNS Instruction 796-2, Rev. 3
FNS Instruction 796-2, Revision 3 establishes standards, principles and guidelines for financial management to:
1. Assure the costs charged to the nonprofit food service are allowable, necessary and reasonable for effective and efficient program operations.
2. Assist State administering agencies and institutions in developing and maintaining financial management systems that comply with CACFP requirements.
3. Provide, to the extent possible, all institutions of similar type doing the same work, with the same requirements.
FNS Instruction 796-2, Revision 3 consists of 12 Parts and 8 Exhibits:
VI. Monitoring Nonprofit Food Service Status
VII. Basic Guidelines for Determining Allowability of Costs
VIII. Standards for Allowable Costs
IX. Basic Guidelines for CACFP Payments and Use of Funds
X. Food Donation
XII. Office of Management and Budget Approval
B. Food Cost
D. Recording Equipment and Depreciation Format
E. Cost of Goods Used Format
F. Purchases Record Format
G. Inventory Reconciliation Format
H. Inventory Record Format