Prepare baked potatoes. Hold warm until service.
CCP: Maintain hot food at 140°F or above
Combine remaining ingredients, except black olives and banana peppers, in full steam table pan. Cover. Heat until sauce reaches 165°F for at least 15 seconds.
CCP: Heat to 165°F for at least 15 seconds
Serve 3 ounces (one #10 scoop or 3 ounce spoodle) of cheese sauce mixture over baked potato. Top with black olives and banana peppers, if desired.