financial/food cost/plate cost/bid vs. quote
DESCRIPTION
Financial/Food cost/plate cost/bid VS. quote. To bid or not to bid. Are you going to buy it? How much are you going to spend? How often are you going to buy it? Is it feasible and cost effective to have a fixed price?. CNP Revenue. Reimbursement (free, reduced, & paid students) - PowerPoint PPT PresentationTRANSCRIPT
FINANCIAL/FOOD COST/PLATE
COST/BID VS. QUOTE
TO BID OR NOT TO BID
• ARE YOU GOING TO BUY IT?
• HOW MUCH ARE YOU GOING TO SPEND?
• HOW OFTEN ARE YOU GOING TO BUY IT?
• IS IT FEASIBLE AND COST EFFECTIVE TO HAVE A FIXED PRICE?
CNP REVENUE•REIMBURSEMENT (FREE, REDUCED, & PAID
STUDENTS)
•ADULT MEAL SALES
•A LA CARTE
•EXTRA MEALS/COMPONENTS
•CATERING
•SPECIAL SCHOOL FUNCTIONS
CNP REVENUE
•COMMODITIES
•SUBSIDIES
•INTEREST BEARING BANK ACCOUNTS
•REBATES
•CONTRIBUTIONS
NON-PROGRAM ADULTS
• MEALS SERVED TO ADULTS ARE NEITHER ELIGIBLE UNDER THE AUTHORIZING LEGISLATION FOR THE SCHOOL LUNCH & BREAKFAST PROGRAMS NOR DO THEY EARN COMMODITY ASSISTANCE.
• THE SCHOOL FOOD AUTHORITY MUST ENSURE THAT ALL REVENUE EARNED BY THE CNP DOES NOT SUBSIDIZE PROGRAM MEAL SERVED TO ADULTS.
ADULT MEAL PRICE
• PRICE OF FULL PAID CHILD MEAL + FEDERAL REIMBURSEMENT + VALUE OF COMMODITIES
ADULT MEAL PRICE
•3.00 + .28 +.2025 = 3.4825= $3.48
•NON-PROGRAM ADULT PRICE >= $3.48
•BASED ON 2013-2014 REIMBURSEMENT RATES
INTERNAL CONTROLEMPLOYEE THEFT
•TAKE A DAILY INVENTORY OF PRE-PACKAGED ITEMS
•ONE PERSON TO A CASH DRAWER
•KEEP THE CASH DRAWER LOCKED
•COUNT MONEY AFTER EACH MEAL
•DEPOSIT MONEY DAILY
INVENTORY
• AT LEAST MONTHLY FOR EVERY SITE
• COUNT EVERY ITEM
• DIRECTORS SHOULD REVIEW EACH SITES INVENTORY
• WHY IS IT IMPORTANT?
• FINANCIAL CONTROLS
• THEFT
• ORDERING
CNP EXPENDITURES•SALARY/WAGES
•FRINGE BENEFITS
•PURCHASED SERVICES
•OPERATING, MAINTENANCE, & ENERGY
•FOOD
•NON-FOOD SUPPLIES
•CAPITAL EQUIPMENT & SUPPLIES
CALCULATING FOOD COST PERCENTAGE
•THE PERCENTAGE OF TOTAL EXPENDITURES SPENT ON FOOD.
•ALABAMA STANDARD 30-34%
A LA CARTE PRICE FACTORS
To get desired Food Cost of:
Multiply Actual Food Cost by:
33% 3.0
35% 2.85
40% 2.5
45% 2.22
50% 2.0
Note: A higher food cost should be offset by lower labor requirement.
CALCULATING LABOR COST PERCENTAGE
•THE PERCENTAGE OF TOTAL EXPENDITURES SPENT ON LABOR.
•ALABAMA STANDARD IS 46-50%
CNP “MONEY” PIE
Labor 46-50%
Food 30-34%Other 20-28%
AVERAGE REVENUE PER LUNCH
Source: Dr. Julie Boettger, School City of Hammond, Indiana
REVENUE COMPARISONS – SCHOOL A AND SCHOOL B
• School A• Paying lunch $2.35• Adult lunch $2.85• Certified• Local funds $0.04
•School B• Paying lunch $2.25• Adult lunch $3.00• Certified• No local funds
AVERAGE REVENUE PER LUNCH –
SCHOOL A
Source: Dr. Julie Boettger, School City of Hammond, Indiana
AVERAGE REVENUE PER LUNCH –
SCHOOL A
Source: Dr. Julie Boettger, School City of Hammond, Indiana
AVERAGE REVENUE PER LUNCH –
SCHOOL B
Source: Dr. Julie Boettger, School City of Hammond, Indiana
AVERAGE REVENUE PER LUNCH –
SCHOOL B
Source: Dr. Julie Boettger, School City of Hammond, Indiana
AVERAGE DAILY FOOD BUDGET
40% Food Cost
School A - $3.04 X.40 =$1.21
School B - $3.12 X.40 = $1.24
TYPICAL FOOD COST FOR LUNCH
Hamburger on WW Bun $ .39Roasted potato wedges $ .10Lettuce and Tomato slices $ .15Banana $ .18Milk $ .22
$1.04
TYPICAL FOOD COST FOR LUNCH
Chicken Nuggets $ .30Whole Grain Roll $ .12Broccoli (1/2 c) $ .19Butternut Squash (1/4 c) $ .15Apple Wedges (1/2 c) $ .12 Milk
$ .22
$1.10
TYPICAL FOOD COST FOR LUNCH
Pizza Sticks $ .43Marinara sauce (1/4 c)
$ .08Garden salad $ .25Roasted baby carrots (1/4 c) $ .10Pear wedges $ .18Milk
$ .22 $1.26
TYPICAL FOOD COST FOR LUNCH
Pulled Pork Sandwich $ .59
Mexicali corn$ .17
Seasoned black beans$ .21
Applesauce$ .14
Milk $ .22
$1.33
TYPICAL FOOD COST FOR LUNCH
Macaroni and Cheese* $ .69
Seasoned green beans $ .14Sweet potato wedges$ .26
Pineapple tidbits$ .20
Milk $ .22
$1.51
*USDA Foods processing
AVERAGE WEEKLY FOOD COST FOR LUNCH - EXAMPLE
Day 1 $1.04Day 2 $1.10Day 3 $1.26Day 4 $1.33Day 5 $1.51Total $6.24Average $1.24
SCHOOL A VERSUS SCHOOL B
School A = $1.21
School B = $1.24
How much additional money does School A need for the year to pay for food?
ADDITIONAL REVENUE NEEDED
X X =
$.03 4350 meals/day
180 school days
$23,490
With a $0.03 difference from school A to average food cost per meal what would school A have to contribute for one year to be cost neutral.
ONLINE ORDERING SYSTEM
•The website has changed •How you complete/validate an order has not changed.
•If you have questions contact the food distribution section at
334-242-8237
QUESTIONS?