TOWNSHIP OF JACKSON NOTES TO SCHEDULES OF EXPENDITURES OF FEDERAL AWARDS FOR THE YEAR ENDED DECEMBER 31, 2013
Note 1. General
The accompanying schedules of expenditures of federal awards present the activity of all federal award programs of the Township of Jackson. The Township is defined in Note 1 to the Township's financial statements.
Note 2. Basis of Accounting
The accompanying schedules of expenditures of federal awards are presented using the modified accrual basis of accounting as promulgated by the State of New Jersey, Department of Community Affairs, Division of Local Government Services, which is described in the Notes to the Financial Statements, Note 1.
Note 3. Relationship to Financial Statements – Statutory Basis
Amounts reported in the accompanying schedule agree with amounts reported in the Township's financial statements. Expenditures from awards are reported in the Township's financial statements as follows:
FederalTotal
State & Federal Grant Fund$ 17,513$ 17,513
Current Fund575,014575,014
Total$ 592,527$ 592,527
Note 4. Relationship to Federal Financial Report
Amounts reported in the accompanying schedule agree with the amounts reported in the related federal financial report.
Note 5. Major Programs
Major programs are identified in the Schedule of Findings and Questioned Costs section.
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