{ "document_id": 11943, "page": 59, "width_pt": 612, "height_pt": 792, "rotation": 0, "pipeline_version": "paddleocr-vl-1.6+paul-48", "engine": "paddleocr_vl", "source_run_id": 12054, "item_count": 13, "counts_by_type": { "footer": 1, "heading": 5, "text": 6, "title": 1 }, "build_ms": 2, "items": [ { "id": "p59.1", "order": 1, "type": "title", "bbox": { "l": 174.24, "t": 756, "r": 437.04, "b": 703.68 }, "text": "TOWNSHIP OF JACKSON\nNOTES TO FINANCIAL STATEMENTS (continued):\nFOR THE YEAR ENDED DECEMBER 31, 2014", "attrs": { "block_label": "doc_title" }, "level": 2 }, { "id": "p59.2", "order": 2, "type": "heading", "bbox": { "l": 69.36, "t": 691.92, "r": 243.36, "b": 678.96 }, "text": "Note 17. Contingencies (continued):", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p59.3", "order": 3, "type": "heading", "bbox": { "l": 69.36, "t": 666, "r": 209.04, "b": 653.28 }, "text": "D. Federal and State Grants", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p59.4", "order": 4, "type": "text", "bbox": { "l": 68.4, "t": 640.32, "r": 542.16, "b": 550.56 }, "text": "The Township receives financial assistance from the U.S. Government and the State of New Jersey in the form of grants. Entitlement to the funds is generally conditional upon compliance with terms and conditions of the grant agreements and applicable regulations, including the expenditure of the funds for eligible purposes. Substantially all grants, entitlements and cost reimbursements are subject to financial and compliance audits by grantors. As a result of these audits, costs previously reimbursed could be disallowed and require payment to the grantor agency. As of December 31, 2014 the Township estimates that no material liabilities will result from such audits." }, { "id": "p59.5", "order": 5, "type": "heading", "bbox": { "l": 68.88, "t": 538.56, "r": 323.04, "b": 525.6 }, "text": "Note 18. Other Post Retirement Benefits – GASB 45", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p59.6", "order": 6, "type": "text", "bbox": { "l": 68.64, "t": 514.08, "r": 541.68, "b": 474.72 }, "text": "The financial statements of the Township are not prepared in accordance with Governmental Accounting Standards Board Statement No. 45. The following information is provided in accordance with the requirements of the Statement." }, { "id": "p59.7", "order": 7, "type": "heading", "bbox": { "l": 69.6, "t": 462.72, "r": 152.16, "b": 450 }, "text": "Plan Description", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p59.8", "order": 8, "type": "text", "bbox": { "l": 68.16, "t": 437.52, "r": 542.16, "b": 347.04 }, "text": "The Township contributes to the State Health Benefits Program (S.H.B.P.), a cost-sharing, multiple employer defined benefit post-employment healthcare plan administered by the State of New Jersey Division of Pensions and Benefits. S.H.B.P. was established in 1961 under N.J.S.A.52:14-17.25 et seq., to provide health benefits to State employees, retirees, and their dependents. Rules governing the operation and administration of the program are found in Title 17, Chapter 9 of the New Jersey Administrative Code. S.H.B.P. provides medical, prescription drugs, mental health/substance abuse, and Medicare Part B reimbursement to retirees and their covered dependents." }, { "id": "p59.9", "order": 9, "type": "text", "bbox": { "l": 68.16, "t": 335.52, "r": 542.16, "b": 258.48 }, "text": "The Township's defined benefit postemployment healthcare plan provides post employment health care benefits, at its cost, to certain retired employees. The Township will cover the entire cost of post-retirement health benefits for the retires and his/her dependents only when the employee has worked twenty-five (25) or more years in a State or locally administered retirement system and twenty (20) continuous years or more of service with the Township of Jackson. Post-retirement benefits included Medicare reimbursement." }, { "id": "p59.10", "order": 10, "type": "text", "bbox": { "l": 68.16, "t": 246.72, "r": 543.12, "b": 168.96 }, "text": "The State Health Benefits Commission is the executive body established by statute to be responsible for the operation of the S.H.B.P. The State of New Jersey Division of Pensions and Benefits issues a publicly available financial report that includes financial statements and required supplementary information for the S.H.B.P. That report may be obtained by writing to: State of New Jersey Division of Pensions and Benefits, P.O. Box 295, Trenton, NJ 08625-0295 or by visiting their website at www.state.nj.us/treasurv/pensions/." }, { "id": "p59.11", "order": 11, "type": "heading", "bbox": { "l": 69.36, "t": 157.2, "r": 144.48, "b": 143.76 }, "text": "Funding Policy", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p59.12", "order": 12, "type": "text", "bbox": { "l": 68.88, "t": 131.76, "r": 541.92, "b": 92.4 }, "text": "Participating employers are contractually required to contribute based on the amount of premiums attributable to their retirees. Post-retirement medical benefits under the plan have been funded on a pay-as-you-go basis since 1994. Prior to 1994, medical benefits were funded on an actuarial basis." }, { "id": "p59.13", "order": 13, "type": "footer", "bbox": { "l": 300, "t": 14.88, "r": 311.52, "b": 3.6 }, "text": "51", "attrs": { "block_label": "number" } } ], "excluded_furniture": { "first": [], "last": [] } }