Policy Memorandum FD-085, Nonfat Dry Milk Processing is cancelled. The Commodity Credit Corporation no longer has nonfat dry milk available for donation as a bulk commodity for reprocessing and all inventory of this product has been depleted.
This memorandum provides guidance on reporting expenditures of SNAP funds in order to comply with reporting requirements of OMB Circular A-133 and OMB guidance implementing the American Recovery and Reinvestment Act of 2009. Our Oct. 31, 2013 subject memorandum pertained to A-133 audits of fiscal year 2013. This memorandum updates that document by providing parallel information on fiscal year 2014 audits.
The purpose of this memorandum is to inform processors of minimum inventory protection requirements effective beginning in School Year 2014-2015.