Notes to SEFA
Title: Note 3 - Relationship to Financial Statements:
Accounting Policies: The accompanying schedules of expenditures of federal awards and state financial assistance presents the activity of all federal and state award programs of the Township of East Brunswick (the Township). The Township is defined in Note 2 to the Townships regulatory basis financial statements. All state and federal awards received directly, or as financial assistance passed through other government agencies, are included on the schedules of expenditures of federal awards and state financial assistance.The accompanying schedules of expenditures of federal awards and state financial assistance are presented using the basis of accounting as described in Note 2 to the Townships regulatory basis financial statements. Therefore, some amounts presented in the schedules may differ from amounts presented, or used in the preparation of, the regulatory basis financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Amounts reported in the accompanying schedules agree with amounts reported in the Townships financial statements.
Title: Note 4 - Relationship to Federal and State Financial Reports:
Accounting Policies: The accompanying schedules of expenditures of federal awards and state financial assistance presents the activity of all federal and state award programs of the Township of East Brunswick (the Township). The Township is defined in Note 2 to the Townships regulatory basis financial statements. All state and federal awards received directly, or as financial assistance passed through other government agencies, are included on the schedules of expenditures of federal awards and state financial assistance.The accompanying schedules of expenditures of federal awards and state financial assistance are presented using the basis of accounting as described in Note 2 to the Townships regulatory basis financial statements. Therefore, some amounts presented in the schedules may differ from amounts presented, or used in the preparation of, the regulatory basis financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Amounts reported in the accompanying schedule agree with the amounts reported in the related federal and state financial reports.