The accompanying schedules of expenditures of federal awards and state financial assistance present the activity of all federal and state award programs of the Township of Jackson. The Township is defined in Note 1 to the Township's financial statements.
The accompanying schedules of expenditures of federal awards and state financial assistance 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.
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:
| State | Federal | Total | |
|---|---|---|---|
| State & Federal Grant Fund | 814,305 | 17,907 | 832,212 |
| Current Fund* | - | 1,361,923 | 1,361,923 |
| Trust Fund | - | 67,758 | 67,758 |
| Total | 814,305 | 1,447,588 | 2,261,893 |
*Federal monies in current fund represent FEMA monies received in 2014 for expenditures spent from November 2012 continuing through the 2014 year.
Amounts reported in the accompanying schedule agree with the amounts reported in the related federal and state financial report.
Major programs are identified in the Schedule of Findings and Questioned Costs section.
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