{
    "document_id": 11941,
    "page": 41,
    "width_pt": 612,
    "height_pt": 792,
    "rotation": 0,
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    "item_count": 16,
    "counts_by_type": {
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        "heading": 7,
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    "items": [
        {
            "id": "p41.1",
            "order": 1,
            "type": "title",
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            "text": "TOWNSHIP OF JACKSON\nNOTES TO FINANCIAL STATEMENTS (continued):\nFOR THE YEAR ENDED DECEMBER 31, 2013",
            "attrs": {
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            "level": 2
        },
        {
            "id": "p41.2",
            "order": 2,
            "type": "heading",
            "bbox": {
                "l": 68.64,
                "t": 678.96,
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            },
            "text": "Note 1. Summary of Significant Accounting Policies (continued):",
            "attrs": {
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            },
            "level": 3
        },
        {
            "id": "p41.3",
            "order": 3,
            "type": "heading",
            "bbox": {
                "l": 69.6,
                "t": 653.28,
                "r": 463.92,
                "b": 639.84
            },
            "text": "C. Basis of Accounting, Measurement Focus and Basis of Presentation (continued):",
            "attrs": {
                "block_label": "paragraph_title"
            },
            "level": 3
        },
        {
            "id": "p41.4",
            "order": 4,
            "type": "heading",
            "bbox": {
                "l": 70.08,
                "t": 627.12,
                "r": 173.04,
                "b": 614.64
            },
            "text": "General Fixed Assets",
            "attrs": {
                "block_label": "paragraph_title"
            },
            "level": 3
        },
        {
            "id": "p41.5",
            "order": 5,
            "type": "text",
            "bbox": {
                "l": 68.88,
                "t": 601.68,
                "r": 541.92,
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            },
            "text": "Property and equipment purchased by the Current and General Capital Funds are recorded as expenditures at the time of purchase and are not capitalized. No depreciation has been recorded. Fixed Assets acquired through grants in and/or contributed capital has not been accounted for separately."
        },
        {
            "id": "p41.6",
            "order": 6,
            "type": "heading",
            "bbox": {
                "l": 70.08,
                "t": 550.56,
                "r": 184.08,
                "b": 537.6
            },
            "text": "Compensated Absences",
            "attrs": {
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            },
            "level": 3
        },
        {
            "id": "p41.7",
            "order": 7,
            "type": "text",
            "bbox": {
                "l": 68.88,
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                "r": 542.16,
                "b": 473.28
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            "text": "Expenditures relating to obligations for unused vested accumulated vacation, sick pay and compensation time are not recorded until paid. GAAP requires that the amount that would normally be liquidated with expendable available financial resources be recorded as expenditure in the operating funds and the remaining obligations be recorded as a long-term obligation."
        },
        {
            "id": "p41.8",
            "order": 8,
            "type": "heading",
            "bbox": {
                "l": 69.84,
                "t": 461.52,
                "r": 146.64,
                "b": 448.56
            },
            "text": "Property Taxes",
            "attrs": {
                "block_label": "paragraph_title"
            },
            "level": 3
        },
        {
            "id": "p41.9",
            "order": 9,
            "type": "text",
            "bbox": {
                "l": 69.36,
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                "r": 541.44,
                "b": 409.44
            },
            "text": "Property taxes are an enforceable lien on property as of January 1. Taxes are levied annually and are payable in quarterly installments on February 1, May 1, August 1 and November 1 of each year."
        },
        {
            "id": "p41.10",
            "order": 10,
            "type": "heading",
            "bbox": {
                "l": 69.84,
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                "r": 107.04,
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            },
            "text": "Grants",
            "attrs": {
                "block_label": "paragraph_title"
            },
            "level": 3
        },
        {
            "id": "p41.11",
            "order": 11,
            "type": "text",
            "bbox": {
                "l": 68.4,
                "t": 372,
                "r": 541.68,
                "b": 346.08
            },
            "text": "Current Fund - State and federal grants and assistance awards made on the basis of entitlement periods are recorded as revenues when entitlement occurs."
        },
        {
            "id": "p41.12",
            "order": 12,
            "type": "text",
            "bbox": {
                "l": 68.4,
                "t": 333.84,
                "r": 541.44,
                "b": 307.44
            },
            "text": "Trust Fund - State and federal grants and assistance awards are dedicated by rider in the Trust Fund. A receivable and corresponding spending reserve are recorded when the grant is awarded."
        },
        {
            "id": "p41.13",
            "order": 13,
            "type": "text",
            "bbox": {
                "l": 68.64,
                "t": 295.92,
                "r": 542.16,
                "b": 269.04
            },
            "text": "Capital Fund - State and federal grants and assistance awards are recorded as a funding source for improvement authorizations or are established as receivables with an offsetting reserve."
        },
        {
            "id": "p41.14",
            "order": 14,
            "type": "heading",
            "bbox": {
                "l": 69.12,
                "t": 257.52,
                "r": 362.4,
                "b": 244.08
            },
            "text": "Deferred Charges To Future Taxation Funded and Unfunded",
            "attrs": {
                "block_label": "paragraph_title"
            },
            "level": 3
        },
        {
            "id": "p41.15",
            "order": 15,
            "type": "text",
            "bbox": {
                "l": 68.64,
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                "r": 541.92,
                "b": 154.32
            },
            "text": "Upon the authorization of capital projects, the Township establishes deferred charges for the costs of the capital projects to be raised by future taxation. Funded deferred charges relate to permanent debt issued, whereas unfunded deferred charges relate to temporary or non-funding of the authorized cost of capital projects. According to N.J.S.A. 40A:2-4, the Township may levy taxes on all taxable property within the local unit to repay the debt. Annually, the Township raises the debt requirements for that particular year in the Current Fund budget. As funds are raised, the deferred charges are reduced."
        },
        {
            "id": "p41.16",
            "order": 16,
            "type": "footer",
            "bbox": {
                "l": 300,
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                "b": 3.84
            },
            "text": "33",
            "attrs": {
                "block_label": "number"
            }
        }
    ],
    "excluded_furniture": {
        "first": [],
        "last": []
    }
}