What Happens to Your Bitcoin When You Die?

What Happens to Your Bitcoin When You Die?

In accordance to the Cremation Institute (opens in new tab), practically 90{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} of cryptocurrency entrepreneurs are anxious about what will materialize to their electronic assets just after they die. It turns out that they have very good cause to stress.

Presently, there are over 12,000 different cryptocurrencies globally, building tracking them a challenge, specially if the proprietor becomes incapacitated or dies. The range of cryptocurrency investors is also expanding, and according to Blockchain.com, there are now far more than 83 million blockchain wallet people. That amount is expected to increase, creating it extra possible than at any time that you or a family member has electronic currencies.

What Are Crypto Assets?

An FAQ on the Biden student loan forgiveness plan : NPR

An FAQ on the Biden student loan forgiveness plan : NPR
Where do I apply? Who qualifies? Can borrowers get a refund? NPR took the most frequently asked questions readers had about Biden's student loan relief plan and answered them.
Where do I apply? Who qualifies? Can borrowers get a refund? NPR took the most frequently asked questions readers had about Biden's student loan relief plan and answered them.

When Biden’s college student financial loan aid application officially went are living early final week, we asked readers what queries they ended up still having difficulties with. There’s been some confusion in excess of what loans – and which debtors – qualify. And it makes perception borrowers want to get this proper – the program has the possible to influence the financial debt of more than 40 million Us residents and totally wipe out the balances of about 20 million.

Some issues have been less difficult than some others, but NPR’s schooling desk answered a several of the most commonly submitted matters posed by visitors.

How do I implement for pupil mortgage relief?

The application alone is clear-cut. The U.S. Office of Education and learning has set up a internet site focused entirely to this one particular-time relief. Applicants simply just need to have to go there, and fill out the form. It will question for your title, day of start, social protection selection, phone and e-mail. You will not will need to develop an account or add any supplemental paperwork.

There is a single box that debtors have to check out to certify, under penalty of perjury, that they satisfy the program’s profits demands: $125,000 for folks or $250,000 for partners. If you met those people needs in either 2020 or 2021 you qualify for the aid

I crammed out the software – what takes place future?

Right after publishing, debtors will obtain an email confirmation from the Education Office basically indicating, “Hey, we received it. It can be time to hold out.”

Senior administration officials say the Instruction Division will then confirm your eligibility making use of financial loan and money facts it previously has on file. It seems obscure mainly because it is! The division has exposed very number of aspects on this course of action, but it has stated that it strategies to flag any discrepancies. Debtors who get flagged may perhaps need to have to submit additional documentation to confirm their incomes.

But if you you should not get flagged, the department claims you likely is not going to listen to from them until finally your application has been accredited.

There is no official timeline for when debtors will listen to no matter whether or not they have been accredited, but Instruction Secretary Miguel Cardona instructed NPR in September, he hopes to procedure as quite a few of the purposes as attainable before the federal college student loan payment pause ends on Jan. 1.

There are lawsuits hard the approach. Is it possible a single of them could halt the Education and learning Department from essentially canceling these debts?

It is probable. Here is what the landscape seems to be like as of Friday morning:

The administration received two authorized wins late very last week. One case, submitted by a taxpayer group in Wisconsin, was rejected by the Supreme Courtroom. The other, which legal industry experts advised NPR was in all probability the strongest case in opposition to personal debt reduction, was dismissed by a federal judge in Missouri. Nevertheless, that determination was instantly appealed, and inside 24 several hours, a U.S. appeals court had purchased the debt reduction be quickly set on maintain. It is unclear how long it will get for that circumstance, or any others that could come up, to resolve by itself.

Legal gurus who spoke to NPR have distinctive normally takes on what would take place if courts block the method right after borrowers have presently viewed their credit card debt lessened. Most agreed, nonetheless, that it would be very not likely for the administration to reinstate the financial debt.

What if I paid out off a portion of my financial loans in the course of the pandemic payment pause? Can I get that funds again?

The steerage listed here from the Schooling Office has been perplexing. At very first the office instructed that borrowers ought to request their servicers for a refund to start with and then utilize for personal debt forgiveness. Now the direction claims that debtors whose financial loans are less than the reduction they are entitled to – either $10,000 or $20,000 – only have to submit the a person application and the department states they will handle the rest of it. These debtors can hope an automated refund for payments designed in the course of the pause up to their entitled aid amount of money.

The Schooling Section gave an example in its steerage:

Let us say you happen to be eligible for $10,000 in credit card debt relief. If you at present owe $9,500, that amount of reduction will be utilized to your financial loan(s). If you paid out $1,000 during the payment pause, you’ll be automatically refunded $500—the remaining sum of your $10,000 of financial debt reduction.

Can I decide on which loans are decreased initial? What if I want a loan with a better desire rate to be prioritized?

The department says it will apply relief to any defaulted loans first and then it will focus on financial loans with the maximum desire fee to start with.

Officials say they are hoping to prioritize the loans that are resulting in the most hurt to borrowers.

What if I am waiting for Community Support Mortgage Forgiveness, or PSLF? Should really I just wait around for that relief?

The shorter solution is don’t wait. Utilize for the aid even if you happen to be however doing the job toward PSLF.

And, although we’re on the subject, you will find an vital deadline coming up for PSLF. Final yr, the administration opened up a waiver for borrowers working in general public company positions to apply to PSLF under new, far more flexible polices. This 7 days the Education and learning Office created some of those people adjustments permanent, but claims debtors need to even now implement for the waiver. It expires on Monday, and it’s unlikely it will be renewed. So if you have any possibility of qualifying for PSLF, apply listed here.

Are Federal Loved ones Education and learning Financial loans, or FFEL, qualified for aid underneath Biden’s strategy?

FFEL financial loans held by non-public loan providers are excluded underneath this financial loan relief system. Not sure if your FFEL loans qualify? A good litmus examination is: Did you have to preserve generating payments more than the pandemic pause? Did your curiosity retain accruing? If the solution to both of these is sure, that’s because your loans are nonetheless held by one of these private lenders and never qualify. If your payments have been paused in the course of the pandemic, you really should be suitable. Only debtors with loans managed by the Education and learning Section have been qualified for the pause.

Trump to stay on his Truth Social amid Elon Musk Twitter takeover

Trump to stay on his Truth Social amid Elon Musk Twitter takeover

Exceptional: Previous President Donald Trump wished Elon Musk the very best with Twitter but pressured he will remain on his own Reality Social, a social media system he touts as “far better,” “safe” and that feels “like house.”

Musk on Thursday completed his $44 billion acquisition of Twitter, tweeting ahead of midnight that “the chook is freed” and updating his bio to designate himself as the “Main Twit.”

In an special job interview with Fox Information Electronic on Friday, Trump explained, “I like Elon and I wish him a ton of luck. I hope he does properly with it.”

On the other hand, Trump additional, “I really do not assume Twitter can be effective with out me.” Really should Musk lift Trump’s life time ban on Twitter, the former president’s account would technically be energetic. Trump declined to remark on if he would at any time use it again.

Musk has suggested that he would loosen articles moderation tactics for Twitter and would remove lifetime bans from the platform, but Trump informed Fox News Electronic that the new coverage will not have an effect on how he employs social media.

“I am keeping on Truth. I like it far better, I like the way it will work, I like Elon, but I’m staying on Reality,” he explained to Fox News Electronic.

ELON MUSK TWEETS ‘THE Chicken IS FREED’ Just after FINALIZING $44 BILLION ACQUISITION

Trump was permanently suspended from Twitter, Fb, Instagram and Snapchat pursuing the Jan. 6, 2021 Capitol riot. Twitter deemed a selection of his tweets linked to the violent protests as inflammatory and warned of “the possibility of more incitement of violence.”

Trump explained to Fox News Electronic that “terminating” him from Fb, Twitter and other social media firms in 2021 was “a person of the worst selections produced in business in the past two a long time,” pointing to “how badly these platforms are undertaking.” 

Former President Donald Trump speaks in the East Space of the White Dwelling in Washington, D.C., on Nov. 4, 2020. (AP Image/Evan Vucci)

“Fb is now down $80 billion and boring,” Trump mentioned. “Twitter has been taken about, and, if it was not for me, it would have in no way been taken above. No just one would have even considered about it.”

Trump told Fox Information Digital that when he commenced utilizing Twitter, it was “a failing procedure.”

“I made Twitter very hot 12 a long time ago, I made Twitter sizzling,” he explained. “And then when they terminated, it became cold, and which is what took place.”

TRUMP WILL NOT RETURN TO TWITTER EVEN AS ELON MUSK Buys Platform, WILL Start out Using HIS Possess Reality SOCIAL

Trump, pointing to Fb parent organization Meta Platforms Inc.’s plunge in inventory rate — the least expensive considering that February 2016 — and Twitter, said “engagements are way down and almost everything else considering the fact that I left.”

“And if you keep in mind, 12 a long time in the past, Twitter was a failed company,” he claimed. “It was only when I got on that it turned productive.”

A photo illustration with Elon Musk

A photo illustration with Twitter operator Elon Musk. (Getty Pictures/iStock / Getty Photos)

Trump, just after remaining terminated, made the Trump Media & Technologies Group (TMTG), which launched in Oct 2021. TMTG’s social media system, Fact Social, formally introduced earlier this 12 months.

Trump’s responses Friday are in line with opinions he manufactured solely to Fox News Digital in April, when Musk 1st signaled he would order the platform. Trump, at the time, said he would not return to Twitter and would keep on Real truth Social.

Trump's Truth Social platform

Previous President Donald Trump leaves Trump Tower in Manhattan on Might 18, 2021.  (James Devaney/GC Visuals | Application retail outlet / Getty Images)

“I want to stay on Truth of the matter — Reality is improved,” Trump explained to Fox News Electronic on Friday. “I like it superior, it is improved to my eye, and past week, it was greater than TikTok. It was amount one final week.” 

Previously this thirty day period, Google extra Fact Social to the Google Participate in store.

When Reality Social was additional to Google Play, it was the No. 1 downloaded app in the retail outlet — forward of TikTok, Amazon, WhatsApp and Instagram, and remained in that place for just about a week.

Truth of the matter SOCIAL NOW Available IN SAMSUNG GALAXY Retail store

Past thirty day period, Samsung added the app to its Samsung Galaxy retailer, and earlier this year, Apple extra Reality Social to its App Keep. Through its beta testing, and yet again when it opened to the general public, Real truth Social was also ranked No. 1 and the best-rating free of charge app on the App Retailer in the U.S.

Trump, who has hinted at a 2024 White Household operate, told Fox News Electronic on Friday that Truth Social would be his major system need to he launch a marketing campaign.

“If I select to operate, I will only use Truth of the matter,” he explained. “When I place out a Fact, it is all in excess of the location.”

Truth Social logo on phone

The Fact social community logo is viewed displayed in this picture illustration taken Feb. 21, 2022. (REUTERS/Dado Ruvic/Illustration / Reuters Photographs)

“When I put a Real truth out, it goes all in excess of the area anyway,” Trump stated. “Every person who is on Twitter and on all the other locations, they all put it out anyway.”

He added, “I made use of to just place out general public PR statements, and you know what, they have been picked up.”

In the meantime, TMTG’s prepare is to develop into a publicly stated enterprise by a merger with the publicly traded Electronic Planet Acquisition Corp., a unique intent acquisition business (SPAC) whose sole intent is to obtain a private organization and take it public.

GOOGLE APPROVES TRUMP’S Fact SOCIAL FOR DISTRIBUTION IN GOOGLE Perform

The SPAC is currently beneath investigation by the SEC, chaired by previous Hillary Clinton campaign finance chair Gary Gensler, above whether there was pre-targeting of the offer and irrespective of whether it had already discovered TMTG as its target enterprise in advance of going general public. 

The SPAC is established to expire in December, but if it places down about $3 million, it could lengthen by itself for various months or a 12 months.

TMTG, whose CEO is previous Rep. Devin Nunes, is continue to a non-public corporation and has not nevertheless merged with the SPAC.

Sources shut to Trump and Reality Social advised Fox Information Electronic that if the SPAC does not prolong, Trump will keep it personal, something that could be preferable to the previous president as it has turn into “marketable.”

Trump, in a Truth Social article early Friday, claimed Reality Social “has become somewhat of a phenomena.” 

“I am very delighted that Twitter is now in sane palms, and will no for a longer time be operate by Radical Remaining Lunatics and Maniacs that actually dislike our nation,” Trump Truthed. “Twitter have to now operate hard to rid alone of all of the bots and faux accounts that have damage it so poorly. It will be a lot lesser, but better.” 

He included: “I Really like Truth of the matter!” 

2022 Kitchen Infrastructure and Training Funds

2022 Kitchen Infrastructure and Training Funds

Eligibility

The 2022 KIT funds are only available to Local Educational Agencies (LEAs) defined in AB 181 as school districts, county offices of education, and charter schools. Only LEAs that are a program sponsor of the U.S. Department of Agriculture’s NSLP or SBP will receive funding. A School Nutrition Program sponsor must have an approved written agreement with the CDE, Nutrition Services Division, a valid Child Nutrition Information and Payment System identification number on file, and be a fully-approved sponsor at the time the online opt-in registration form is due in order to be eligible for funding.

Funding is noncompetitive. Program sponsors of the NSLP or the SBP must register their interest in receiving these funds via an online survey by the deadline.

Guidelines

Timeline

Registration Form

Expenditures Overview

Freshly Prepared, Onsite Preparation of Reimbursable School Meals

Procurement

Reporting

Timeline








Date Actions to Complete
November 1, 2022 (Tentative) KIT 2022 Opt-in registration released (Tentative)
November 30, 2022 (Tentative) KIT 2022 Opt-in registration deadline (Tentative)
June 30, 2025 Submit mandatory expenditure report
June 30, 2025 Funds expenditure deadline
Within 30 days of billing notice Deadline to return unused funds

2022 Kitchen Infrastructure and Training Funds Registration Form

The 2022 KIT Registration Form (coming soon) reserves noncompetitive funding for kitchen infrastructure upgrades and training for food service staff. Anticipated release date of the 2022 KIT Registration Form is on or about November 1, 2022, and will be posted here when available. Funding allotments will be distributed to County Offices of Education for distribution to eligible LEAs on behalf of all eligible sites served by the LEA. LEAs should consider equipment and infrastructure needs for all sites to support implementation of California’s Universal Meals Program.

To receive these funds, eligible LEAs must submit an online opt-in registration form no later than 5 p.m., November 30, 2022 (tentative timeline; actual due date may vary based on online registration release date). This opt-in registration form must be submitted by an authorized representative of the agency; this is an individual currently on file in the Child Nutrition Information and Payment System.

Following submission of the opt-in registration form, applicants will receive a confirmation email from the CDE. Maintain this confirmation email for your records. If you do not receive a confirmation email within 48 hours of submission, please send an email to KITFunds@cde.ca.gov. Failure to notify KITFunds@cde.ca.gov within the specified timeframe may result in lack of funding availability for your agency.

Expenditures Overview

Please read this section closely. The 2022 allowable KIT funds expenditures are different than the previous year’s KIT funds. The 2022 KIT funds have an additional category of allowable expenses (compensation), expanded training and professional development categories, and allow infrastructure and training to be funded from the same award. All of these are funded through a single SACS code and Revenue code discussed in the Funding tab.

The 2022 KIT funds are awarded according to three calculations, see the Funding Formulas entry on the Funding Tab for more information. The 2022 KIT base funding and the meal service-based funds follow the same allowable expenditures. The third category of funding awarded to those LEAs submitting an attestation for onsite, freshly prepared meals has additional categories of allowable expenses.

Kitchen Infrastructure Funds

Kitchen infrastructure and equipment purchased with these funds must be for the use of the LEA’s food service department. Additionally, KIT funds must be used to supplement, and not supplant, any federal funds made available through the Child Nutrition Programs.

This funding can be used to purchase or repair equipment, or fund infrastructure improvements, including those needed to implement the Universal Meals Program, at the district, county office of education, or school-site level related to the following categories:

  • Cooking equipment—including, but not limited to, electrical support and facility upgrades, combination ovens, dishwashers, steamers, or tilting skillets

    • Note that when acquiring new cooking equipment, LEAs are encouraged, to the extent practicable, to acquire energy-saving electric and induction equipment rather than equipment that uses fossil fuels.

  • Service equipment—including, but not limited to, service lines, point-of-sale systems, liquid beverage dispensers, reusable utensils, food trays and cups, and mobile carts
  • Refrigeration and storage—including, but not limited to, system upgrades, walk-in refrigerators, freezers, and blast chillers
  • Transportation of ingredients, meals, and equipment between sites—including, but not limited to, vehicles and equipment to prevent spoilage of food in transit
  • Supporting infrastructure system needs for items described in the bullets above, such as electrical, plumbing, and construction

These funds may also be used for any eligible items already purchased, repaired, or installed since the date that this funding was approved, July 1, 2022.

For a more detailed listing of allowable and unallowable kitchen infrastructure expenses, review the Kitchen Infrastructure entries in the Allowable Expenses tab of this web page.

Food Service Staff Training

Trainings provided with these funds are for the benefit of food service staff at the district, county office of education, or school-site level. Funds should be used for food service staff that are employees of the LEA. The term “staff” is inclusive of food service managers.

Training and professional development topics for LEA food service staff may include:

  • Expanding meal offerings
  • Promoting nutritious foods, which may include training on minimally processed, freshly prepared onsite meals, locally and sustainably grown foods, plant-based foods, restricted diet foods, food preparation, healthy food marketing, and reducing food waste
  • Changing the school lunchroom environment

Training can be achieved through a variety of methods. When selecting training methods, keep in mind that the purpose of these funds is to build skills and develop capacity for food service staff. LEAs should also consider food service training needs for the implementation of the Universal Meals Program.

Examples of training methods may include:

  • Group training: large group, small group, etc.
  • Coaching and mentoring: one-on-one training, Train the Trainer, etc.
  • Online training and learning
  • Related courses/certifications: ServSafe, etc.

Additionally, these funds may be used to pay for staff travel and associated expenses (including, but not limited to, registration fees, airfare, car rental, meals, etc.) to travel to an allowable training. Follow your agency’s travel reimbursement policies and procedures when considering funding staff travel.

The LEA must keep records documenting trainings to include:

  • Name of the training
  • Date of training
  • Description of the topic
  • Agenda or learning outcomes
  • Attendance, including the number and type (e.g., front line, managers, etc.) of staff trained

These funds must be used on expenditures that are reasonable, necessary, and allocable and must supplement, not supplant, any federal funds made available through the Child Nutrition Programs.

For a more detailed listing of allowable and unallowable training topics, review the Food Service Staff Training subheadings in the Allowable Expenses tab of this web page.

Staff Salaries

The 2022 KIT funding introduced a new category of allowable expenses. The legislation authorizes funds to be used to provide additional compensation for additional work relating to serving universal school meals that may include minimally processed, locally and sustainably grown foods, a plant-based or restricted diet food option, or a plant-based milk option.

This category of allowable expenses supports LEAs with a short-term funding stream to offset increased staff costs associated with universal meals. Some examples of allowable expenses under this funding could include, but are not limited to:

  • Additional costs associated with local procurement
  • Farm to School Coordinator
  • Food Service Staff Training Position
  • Additional positions and overtime costs associated with new or expanded meal service
  • Staff salary costs associated with hiring positions to support new or expanded meal service

Please note: Staff paid with KIT funds and federal Child Nutrition Funds are required to track time and activity in accordance with federal regulations and state policy. Please refer to CDE Management Bulletins Documenting Employee Time and Effort in the SNPs – School Nutrition and Equivalent Documentation for Multifunded Employees – School Nutrition.

Freshly Prepared, Onsite Preparation of Reimbursable School Meals

The 2022 KIT also provides additional funds to LEAs that attest that no less than 40 percent of reimbursable NSLP and SBP meals, including the entree and grains, prepared each week, beginning in the 2023–24 school year, are freshly prepared onsite meals. Per AB 181, freshly prepared onsite meals means “food service in which the preparation of meals takes place on a daily basis at the site of consumption or in a central kitchen, using whole ingredients in their most basic, minimally processed form, or cooking with both fresh, raw, whole ingredients and ready-made products.”

These additional funds, if elected, must be used to support the planning and implementation of facility improvements and equipment upgrades to increase capacity for freshly prepared onsite meal preparation. Within the broad category of facility improvements and equipment upgrade, the allowable uses for these funds include the four previously-described categories of equipment-cooking, service, refrigeration and storage, and transportation of ingredients, meals, and equipment between sites, as well as costs for planning and implementing freshly prepared onsite preparation of reimbursable school meals, serving fresh and nutritious reimbursable school meals using California-grown food, or expanding reimbursable meal options for pupils with restricted diets. Note: this subset of funds can only be used for planning and implementation of facility improvements and equipment upgrades, and therefore, cannot be used for training or staff salaries.

Examples of equipment that would help to expand reimbursable meal options for restricted diets include:

  • Additional sets of meal prep equipment such as cutting boards, utensils, mixing bowls, etc., to avoid cross contact with allergens
  • Special equipment for blending/pureeing menu items for texture modified diets
  • Salad bars that allow more variety for students with vegan or vegetarian diets

The CDE anticipates that there will be approximately $240 million to award to LEAs that provide attestation that at least 40 percent of the reimbursable meals they serve, including the entre and grain, by school year 2023–24 will be freshly prepared onsite. The award amount per agency will depend on the number of agencies that elect to participate.

Funding used for these expenses must not surpass the award for this portion of the 2022 KIT funds.

Procurement

These funds are state General Fund monies. At a minimum, your LEA must follow all applicable procurement processes and guidelines, which may include, but are not limited to:

  • Conducting procurements in a manner that is compliant with your LEA’s procurement procedures and that promotes full and open competition
  • Complying with your LEA’s written standard (or code) of conduct that covers conflicts of interest, including organizational conflicts of interest, and governs the performance of employees engaged in the selection, award, and administration of contracts and purchases
  • Maintaining records sufficient to detail the history of procurement. These records will include, but are not necessarily limited to, the following: rationale for the method of procurement, selection of contract type, contractor selection or rejection, and the basis for the contract price
  • Maintaining all vendor invoices, and receipts

Keep in mind, these purchases may also fall under emergency procurement protocols while the Coronavirus (COVID-19) public health emergency declaration is in place.

Reporting

As a condition of accepting these funds, LEAs must commit to completing a mandatory expenditure report. This report will gather details on how the funds were used to improve the quality of school meals or increase participation. This report will also gather information on the food service staff training topics and number of trainings and attendees. The CDE anticipates that this report will be submitted in the form of an online survey. This survey will be available by May 2025, and will be due by June 30, 2025.

Funding

Funding Announcements

Funding Mechanism and Timelines

Funding Formulas

Tracking Funds

Accounting

Expenditure Deadline

Funding Announcements

Funding awards will be located on the CDE Funding Results web page.

Funding Mechanism and Timelines

Following the timely receipt of the opt-in registration form, the CDE will release 100 percent of each LEA’s available funds.

The CDE will disburse funds to the County Treasurer’s Offices. Please be sure that the address you enter into the opt-in registration is your physical address. If your LEA is a part of an agency with multiple locations, enter your physical address and not the address of the headquarters.

Entering any address other than your physical address will cause a delay in payment.

Kitchen Infrastructure and Training (KIT) Funds must be expended by June 30, 2025.

Unused funds must be returned within 30 days of receiving a CDE billing notice.

Funding Formulas

This is a noncompetitive, voluntary funding opportunity. Eligible LEAs may decline these funds altogether, or may accept less than the total amount designated.

This funding must be used on “kitchen infrastructure upgrades that will increase a school’s capacity to prepare meals served through a federal school meal program, including for freshly prepared onsite meals, to serve fresh and nutritious school meals using minimally processed, locally grown, and sustainable food, or for expanding meal options for pupils with restricted diets.”

Total Amount of Funds Available to Distribute: $600,000,000

The award amounts are calculated according to three categories:

  • Base Funding ($100,000): Each eligible LEA may request a noncompetitive, base funding level of $100,000 to use for kitchen infrastructure and equipment upgrades, food service staff training, and for additional compensation for additional work relating to serving universal school meals.
  • Meal-Service-Based Award: After the base funding is awarded, fifty percent of the remaining funds are allocated proportionately to LEAs based on the total number of reimbursable meals served in October 2021 by the LEA. National School Lunch Program, School Breakfast Program and Seamless Summer Option Meals will be included in this calculation. These funds follow the same allowable categories of expenditures as the base funding.
  • Attestation for Onsite, Freshly-prepared Meals Award: The remaining funds are allocated to LEAs that attest that no less than 40 percent of reimbursable NSLP and SBP meals, including the entree and grains, prepared each week, beginning in the 2023–24 school year, shall be freshly prepared onsite meals. Allocation of these funds is proportionate based on the number of reimbursable meals served in October 2021 by the LEA.

    • These funds must be used for planning and implementation of facility improvements and equipment upgrades to increase capacity for freshly prepared onsite meal preparation. Allowable uses are for “kitchen equipment and infrastructure, training and professional development, and to provide additional compensation for additional work relating to serving universal school meals that may include minimally processed, locally and sustainably grown foods, a plant-based or restricted diet food option, or a plant-based milk option.”

Note: The funding approaches provided in this section are only an estimate and amounts awarded may change based on responses to the opt-in survey. Actual award amounts will be posted on the CDE Funding Results web page.

Tracking Funds

LEAs should not obligate or expend funds until the funds have been received and deposited into the LEAs account. However, you are encouraged to begin to develop an internal plan and process to help prepare for these expenditures.

Once an SFA receives the 2022 KIT Funds you are encouraged to deposit them into your agency’s general fund account. The KIT Funds should be accounted for, and tracked separately from, the nonprofit school food service account (also known as the cafeteria fund). If you deposit KIT funds into your Fund 13, KIT funds will take on the rules governing the cafeteria fund, which will result in less flexibilities for use.

Cafeteria funds can be used to supplement equipment purchased with Kitchen Infrastructure Funds, but additional federal requirements must be met, including:

  • Written preapproval by the CDE,
  • Federal procurement requirements, and
  • Potential review by the CDE Nutrition Services Division during a School Nutrition Program Administrative Review.

Cafeteria fund expenditures not in compliance with federal regulation may be subject to disallowance.

The 2022 KIT funds can be used in combination with the 2021 KIT funds as long as the purchase meets the allowable expense requirements and funding expenditure timeframes for both funding sources. Ensure proper accounting and documentation for both the 2021 KIT Funds and the 2022 KIT Funds.

For more information on restrictions and regulations governing the use of cafeteria funds, please see the CDE Cafeteria Fund Guidance web page.

To request approval for cafeteria fund expenditures, please contact the Resource Management Unit at SNPCafeFundQuestions@cde.ca.gov.

Accounting

The CDE has created a new standardized account code structure (SACS) resource code to help you record the 2022 KIT Funds. Please ensure the revenue is deposited into the agency’s general fund using the resource code below:

SACS Resource Code: 7032

Revenue Object Code: 8520

The resource code is now available in the SACS tables of valid code combinations. If you have questions about the accounting for these funds using the new resource code, please contact the School Fiscal Services Division at SACSINFO@cde.ca.gov.

Also note that indirect costs are not an allowable expense for the 2022 KIT funds.

Expenditure Deadline

Funds must be expended by June 30, 2025. Unexpended funds must be returned to the CDE within 30 days of invoicing.

Allowable Expenses

Kitchen Infrastructure–Allowable Expenses

Below is a listing of allowable kitchen infrastructure expenses by the four categories noted in the law. This list is not exhaustive. Kitchen infrastructure and equipment purchased with these funds must be for the use of the LEA’s food service department. Kitchen infrastructure and equipment costs incurred must be reasonable and necessary.

Cooking equipment and supporting infrastructure system needs, includes but not limited to:

  • Oven, range, stove, steamer

    • Combi
    • Convection
    • Conventional
    • Conveyor
    • Countertop
    • Double stack
    • Griddle
    • Heat-n-hold
    • Holding unit
    • Induction cooktop
    • Range top
    • Reel
    • Rotating rack

  • Tilt skillet
  • Exhaust or condensate hood
  • Countertop/floor mixer
  • Hot or cold cart or cabinet

    • Beverage service
    • Buffet
    • Holding
    • Mobile
    • Proofing
    • Retherm
    • Rolling
    • Self-serve
    • Serving
    • Warming
    • Kitchen sink
    • Compartment
    • Hand
    • Utility

  • Barbeque
  • Braising pan
  • Broiler
  • Dough divider
  • Food processor
  • Food slicer, chopper, dicer, etc.
  • Griddle
  • Microwave
  • Pizza oven
  • Produce washers
  • Smoothie blender
  • Steam jacket kettle
  • Bagging machine
  • Cook or chill system
  • Depositor and filling machine
  • Drawer warmer
  • Meal or food packing machine
  • Shrink wrapper machine
  • Stainless steel work tables
  • Tray sealer machine
  • Dishwasher
  • Styrofoam recycling machine
  • Electrical, structural, plumbing, and other facility upgrade support
Service equipment, includes but not limited to:

  • Service lines
  • Point-of-sale systems (pin pads, tablets, scanners)
  • Mobile carts
  • Food display (hot or cold)
  • Menu boards (including digital)
  • Hot well transport system
  • Serving equipment
  • Serving line system (hot or cold)
  • Speed line (hot or cold)
  • Cold pan serving counter
  • Steam table
  • Plate or tray dispenser
  • Salad bar
  • Tables or chairs
  • Shelving
  • Menu planning programs
  • Nutrient analysis software
  • Online payment systems
Refrigeration and storage, includes but not limited to:

  • Walk-in refrigerators
  • Walk-in freezers
  • Blast chillers
  • Camchiller
  • Combo
  • Glass door
  • Ice chest
  • Milk cooler
  • Mobile
  • Reach-in
  • Roll-in
  • Undercounter
  • Work-top
  • Inventory management systems and software, including items such as scanners, bar code readers, label makers, printers
  • Temperature monitoring and management systems and software
  • Backup generator for refrigerators
Transportation of ingredients, meals, and equipment between sites, includes but not limited to:

  • Vehicles and equipment to prevent spoilage of food in transit
  • Refrigerated truck
  • Warmers
  • Carts and hand trucks
  • Forklift

Kitchen Infrastructure–Unallowable Expenses

While these funds are flexible, any infrastructure or equipment that does not meet their purpose, which is to “increase pupil access to, or improve the quality of, fresh and nutritious school meals,” or is not deemed reasonable and necessary is not allowable. Some unallowable expenses include:

  • Indirect costs
  • Murals
  • Security systems
  • Items or infrastructure not for the use of the LEA’s food service department
  • Health inspections/pest services
  • Heating/air duct maintenance
  • Custodial services

Food Service Staff Training–Allowable Expenses

Trainings provided with these funds are for the benefit of food service staff at the district, county office of education, or school-site level. Funds should be used for food service staff that are employees of the LEA. Training costs incurred must be reasonable and necessary.

The LEA must keep records documenting trainings to include:

  • Name of the training
  • Date of training
  • Description of the topic
  • Agenda or learning outcomes
  • Attendance, including the number and type (e.g., front line, managers, etc.) of staff trained
Below is a listing of allowable food service staff training topics. This list is not exhaustive:

  • Minimally processed, freshly prepared onsite meals
  • Locally and sustainably grown foods
  • Restricted diet foods
  • Food preparation and culinary skills
  • Food safety
  • Recipe standardization
  • Scratch cooking
  • Healthy food marketing
  • Healthy beverage marketing
  • Incorporating plant-based menu options
  • Equipment training
  • Farm to School or locally sourced foods
  • Changing the school lunchroom environment and Smarter Lunchroom trainings
  • Food waste management and reduction
  • Student engagement in school meals and food environment design
  • Policy, Systems, and Environmental Change strategies to promote healthy food
  • How school wellness policies can promote healthy foods
  • Menu planning for healthy food promotion
  • Child Nutrition Program meal patterns
  • Hosting a healthy food taste testing event
  • Conducting nutrition education and healthy food promotion activities
  • Promoting equity in the school lunch environment

Staff Salaries for Trainings

KIT funds may pay for staff salaries associated with trainings conducted during typical work time as well as trainings conducted outside of normal work hours.

  • When there is a training during business hours, KIT funds can be used to pay for staff salaries and necessary substitute hours.
  • When KIT-funded training results in staff overtime, KIT funds may be used to pay for the overtime associated with the training.

If internal staff are providing the training, KIT funds may be used to fund staff costs to develop and present the training; in this instance, it is important to ensure that only one funding source, federal or state funding, is charged for this time.

As a reminder, LEAs are responsible for the proper tracking and accounting for both federal and state funds associated with staff time and substitutes.

Consultants

KIT funds may pay for consultants hired to conduct trainings and build staff capacity to promote nutritious foods.

Professional Standards

To help clarify the use of KIT training funds in connection with professional standards, the NSD has outlined the following:

Travel

To help clarify the use of KIT training funds for travel to allowable training opportunities, the NSD has outlined the following:

  • KIT training funds can be used for applicable travel expenses (including, but not limited to, registration fees, airfare, car rental, meals, etc.) within or outside of California in order to attend trainings that meet the purpose of the KIT training funds.
  • Travel expenses must follow the organization’s policies and be reasonable and necessary.

Food Service Management Companies (FSMC)

To help clarify if and when a local educational agency (LEA) can use KIT training funds to pay for an FSMC training, the Nutrition Services Division (NSD) has outlined the following:

  • KIT funds must be used to train LEA food service staff. FSMC staff may attend if there is no resulting additional cost to the training.
  • KIT training funds cannot be awarded to an existing FSMC to provide training if training is already a part of an existing contract. Any KIT-funded training provided by an FSMC must be above and beyond current contracted activities and trainings.

Food Service Staff Training–Unallowable Expenses

While these funds are flexible, any training that does not meet their purpose, which is “for food service staff to receive training on promoting nutritious foods, which may include training on food preparation, healthy food marketing, and changing the school lunchroom environment,” or deemed unreasonable and unnecessary, is not allowable. Additional food service staff training unallowable expenses include:

  • Indirect costs
  • Training that supplants the federally-required professional standards
  • Training non-food service staff
  • Hiring consultants to do the work of food service employees

    • Note that this does not pertain to the use of substitute employees to work in place of staff attending trainings

  • Memorabilia, gifts, or promotional items
  • Food provided during training
  • Logo apparel, uniforms

Additional Compensation for Additional Work Relating to Serving Universal Meals–Allowable Expenses

This category of allowable expenses supports LEAs with a short-term funding stream to offset increase staff costs relating to serving universal school meals that may include minimally processed, locally and sustainably grown foods, a plant-based or restricted diet food option, or a plant-based milk option. Some examples of allowable expenses under this funding include compensation related, but not limited to:

  • Procurement of locally and sustainably grown foods
  • Procurement, invoicing, accounts receivable
  • Food Service Staff Training Position
  • Additional positions, hours, and overtime costs associated with new or expanded meal service (costs can include salary and benefits)

LEAs should take care to maintain documentation that demonstrates that these costs are related to universal meals and that that workload is above and beyond that of past years.

Additional Compensation for Additional Work Relating to Serving Universal Meals–Unallowable Expenses

Unallowable expenses regarding this specific area include:

  • Expenses that do not incorporate or relate to any of the required compensation categories, including minimally processed, locally and sustainably grown foods, plant-based or restricted diet food options, or plant-based milk options.
  • Custodial and maintenance services

Freshly Prepared, Onsite Preparation of Reimbursable School Meals–Allowable Expenses

The 2022 KIT provides funds to LEAs that attest that no less than 40 percent of reimbursable NSLP and SBP meals, including the entree and grains, prepared each week, beginning in the 2023–24 school year, shall be freshly prepared onsite meals.

This additional funding focuses specifically on facility improvements and equipment upgrades to increase capacity for freshly prepared onsite meal preparation. Purchases may support use of California-grown foods in reimbursable school meals or expanding meal options for pupils with restricted diets. Note: this subset of funds can only be used for planning and implementation of facility improvements and equipment upgrades, and therefore, cannot be used for training or staff salaries.

Examples of equipment that would help to expand reimbursable meal options for restricted diets include:

  • Additional sets of meal prep equipment such as cutting boards, utensils, mixing bowls, etc., to avoid cross contact with allergens
  • Special equipment for blending/pureeing menu items for texture modified diets
  • Salad bars that allow more variety for students with vegan or vegetarian diets

Freshly Prepared, Onsite Preparation of Reimbursable School Meals–Unallowable Expenses

Unallowable expenses regarding this specific area include:

  • Any unallowable expenses as described in the above sections
  • Procurement activities and costs associated with purchasing food grown outside the state of California
  • Training
  • Staff compensation
  • Expenses that do not incorporate areas relating to freshly prepared meals on site, or using California grown foods, or expanding meal options for pupils with restricted diets.

For questions about expenses not listed, email KITfunds@cde.ca.gov. Please include the name or type of infrastructure, equipment, or training in question and include a brief justification for how it meets the objectives of this funding.

5 Tips I Wish I Knew Before Starting My Business

5 Tips I Wish I Knew Before Starting My Business

Viewpoints expressed by Entrepreneur contributors are their own.

At the very commencing of my entrepreneurial profession, I bear in mind asking yourself how to begin and what techniques to consider in purchase to kickstart my enterprise. My niche was, and nonetheless is, software package progress and WordPress — while I had a good deal of expertise and expertise in the subject, I figured out I experienced to improve my small business establishment schooling.

Now, 6 several years into organization possession, I decided it’s time for me to share some useful suggestions on starting off a small-to-medium business. I hope this enlightens an aspiring entrepreneur’s route, creating the whole system of functioning a small business smoother and a large amount less turbulent.

Associated: If Running Your Enterprise Feels Really hard, You happen to be Doing it Appropriate. Here is Why

Establishing a organization can be a large amount trickier than you expect

After we really feel confident more than enough in our capabilities and experience in any presented business enterprise area of interest, it is quite regular for the entrepreneurial scheduling to strike in:

  • What if I control to provide dazzling providers and products and solutions for the shoppers?
  • What if I be successful at developing a business that will rapidly develop a name for alone in the sector?
  • How tough can it be precisely?

These are all widespread issues the greater part of aspiring business people have at the pretty commencing of their interesting nevertheless challenging organization journey. My position right here is not to discourage you by stating that possessing a company is tough — pretty the reverse, essentially. The difficult element of the course of action would make it even additional enticing and truly worth your time and power. It all will come to getting the good frame of mind and a superior program, to begin with.

We will have to have in intellect that often the excitement can blur our judgment for a instant and make us underestimate the organization establishment process. And though I believe that the demo-and-error approach to factors is quite useful considering the fact that we master from our issues, I also imagine that owning the fundamentals in intellect can assistance us make improvements to from the get-go and kickstart our organization in the ideal way attainable.

I often hear a instead peculiar misconception: A modest business enterprise is simpler to be maintained than a significant 1. But which is not the case.

A business is a enterprise, regardless of its staff members or subdivisions count. You’d even now have purchasers, interviews, jobs, will need for locating the excellent leadership design, conferences, workshops, workload distribution, etcetera. My tips would be not to tumble target to the idea that a smaller corporation does not need a large amount of function — it does and, more normally than not, it involves even a lot more.

So, without having more ado, let us talk about 5 good business ideas that would enable you build your business effectively.

Relevant: 15 Enterprise Strategies Every single Entrepreneur Must Know

1. Craft your identify, objective and mission 1st

Occur up with a great small business identity 1st. You would want to get started operating on your brand’s reliability appropriate from the begin — that’s essential so that customers would shortly link your enterprise instantly to professionalism and good results.

But in get for you to do so, you need to have to be extremely crystal clear about what your organization signifies. So choose a moment (or months) and appear up with a comprehensive eyesight of your upcoming corporation. Does its name notify the probable client what this enterprise is all about? Or is it short, specific and easy to keep in mind? What your business’s information to the men and women would be? Have you thought about a emblem? How would you communicate your brand’s identification with your likely consumers?

All those are all concerns you certainly have to have to discover the remedy to prior to starting your business enterprise. It is really identified as company strategy.

2. Assume in progress about your digital existence

These days, almost every single enterprise establishes a location for by itself online. Don’t miss your chance to receive all those people likes, shares and mentions. Moreover, the the greater part of clients these days look up a enterprise online to start with — invest in a area, discover an pro to establish your web site and use marketing and advertising gurus to appear up with a excellent social media system.

3. Spend focus to your original investments

You should not ignore that a enterprise constantly necessitates investing: funds, energy and electrical power. When we refer to the economical component of this, it is significant for you to get ready in progress — interact in thorough study so you know the revenue you can expect to be needing, at the very least in the quite commencing.

4. Prevent using the services of just anyone

A whole lot of aspiring business people fall into the lure of settling with unqualified workforce at the commencing hoping they are going to locate professionals in the long run. I think this to be a rather mistaken small business tactic — your small business will need to have specialists ideal from the begin. Make guaranteed you kickstart it with a stunning team of personnel who know what they’re carrying out.

5. Get to know your competitors and be steady

Until you occur up with a seriously peculiar enterprise idea, prospects are your market would be pretty crowded. In get for your company to strike it off, it wants to offer its buyers uniqueness. The way to do so is to examine and study the opponents.

Obtain a thing that will define your business and make it stand out. Also, consistency equals reliability — stay away from frequently transforming your brand’s tone of voice, brand, mission assertion and overall on the internet presence.

Linked: 50 Guidelines for Starting off Your Very own Corporation

The bottom line

By all implies, setting up a small business is a demanding however remarkable endeavor. But this shouldn’t scare you. With right preparing and an fantastic entrepreneurial attitude, any individual can skyrocket an enterprise.

I believe the higher than techniques will certainly help you down the road. Fantastic luck and continue to keep on heading — the business entire world awaits your strategies.

UK’s Lloyds braces for housing crunch, bad loans as profit slides

UK’s Lloyds braces for housing crunch, bad loans as profit slides

LONDON, Oct 27 (Reuters) – Lloyds Banking Group (LLOY.L) is bracing for a downturn in Britain’s housing current market and a rise in unpaid loans as inflation squeezes borrowers, major it to report a slide in quarterly financial gain on Thursday.

Lloyds downgraded its financial forecasts to mirror a worsening outlook, and is now predicting the financial system will shrink 1{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} up coming year and that residence rates will tumble 8{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}.

The country’s major mortgage loan provider posted pre-tax earnings of 1.5 billion lbs ($1.74 billion) for July-September, in comparison with 2 billion kilos a year before and below analyst forecasts.

The fall was mostly down to environment apart an supplemental 688 million pounds to cover probably soured loans as shopper budgets occur less than strain.

Lloyds shares fell 4{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} in early trading and were being final down 2{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}, towards a broadly flat benchmark FTSE index (.FTSE).

The blended update from Lloyds, with earnings sliding and bad financial loans rates mounting although the financial institution nevertheless improved its advice for a number of key performance metrics, confirmed the unconventional ecosystem Britain’s banking companies are now in.

Climbing central financial institution interest rates aimed at combating inflation also increase banks’ money, but all those exact pressures of inflation and better charges on mortgages are squeezing residence budgets, risking defaults on loans later down the line.

Rivals such as Barclays and HSBC noted sturdy results this 7 days, but traders are cautious the growing cost of living will bite extended time period.

Analysts have argued Lloyds could be specifically vulnerable to any improve in loan defaults for the reason that of its enormous home finance loan e book and significant share of the credit history card market.

“To a huge extent, Lloyds can’t manage the external forces that govern its customers’ conduct, but its particular publicity to regular lending, in particular mortgages, puts it in the firing line when problems sour,” reported Sophie Lund-Yates, fairness analyst at Hargreaves Lansdown.

HOUSING CRUNCH

Britain’s new key minister Rishi Sunak has mentioned the place faces a “profound financial disaster” as he seeks to resolve the faults made by his predecessor Liz Truss.

Sector turmoil sparked by Truss’ tax-chopping ideas pushed up the country’s borrowing expenditures and led lenders to ratchet up mortgage premiums, piling further more strain on households.

“Our a person ask for would be for a period of time of security,” Lloyds’ finance chief William Chalmers informed reporters when requested about what he preferred to see from government. “That, in change, will assist us to help prospects.”

Chalmers explained there was probably to be a slowdown in mortgage lending about the following 12 months as a consequence of larger prices and affordability tension.

Banks are also concerned Sunak’s new federal government could slap more taxes on the industry, with a surcharge on bank income under overview by finance minister Jeremy Hunt.

Chalmers claimed further bank taxes ended up a conclusion for politicians, but extra: “Our more time term ask for is for a competitive tax regime for the banking sector in the British isles.”

Inspite of its reduce revenue, Lloyds said the strength of its underlying overall performance intended it could raise its forecast on various performance metrics for the 12 months.

Internet interest margin, which steps how a great deal the lender can make on the unfold concerning what it pays savers and charges borrowers, will be 290 foundation factors relatively than 280, it explained, and the financial institution will make extra capital.

On the other hand, Lloyds stated asset quality – measuring possible loan defaults – was envisioned to be a little bit worse this calendar year. Precise bank loan defaults remained very low for the time being, it extra.

($1 = .8604 kilos)

Reporting by Iain Withers and Lawrence White Enhancing by Jason Neely and Mike Harrison

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