Notes to SEFA
The accompanying schedules of expenditures of federal awards and state financial assistance presents the activity of all federal and state financial assistance programs of the Township of Piscataway. The Township of Piscataway is defined in Note 1 to the financial statements. To the extent identified, the federal awards and state financial assistance that passed through other governmental agencies is included on the schedules of federal awards and state financial assistance.
The accompanying schedule is presented using the regulatory basis of accounting as prescribed or permitted for municipalities by the Division of Local Government Services, Department of Community Affairs, State of New Jersey which differ in certain respects from accounting principles generally accepted in the United States of America (GAAP) applicable to local government units. This basis of accounting is described in Note 2 to the Township’s financial statements.
Amounts reported in the accompanying schedule agree with amounts reported in the Township’s financial statements.
Amounts reported in the accompanying schedule of expenditures of federal awards and state financial assistance agree with the amounts reported in the related federal financial reports and state financial reports, where required.
The Township elected not to use the de minimus indirect cost rates