Notes to SEFA
Amounts reported in the accompanying schedules agree with the amounts reported in the related federal financial reports. In addition, the Township has not elected to use the de minimus cost rate as covered in 2 CFR 200.414 (F&AS) costs. Amounts reported in the accompanying schedules agree with amounts reported in the Township’s regulatory basis financial statements. These amounts are reported in the Current Fund, Grant Fund and General Capital Fund.
Matching contributions expended by the Township in accordance with terms of the various grants are not reported in the accompanying schedules.