Notes to SEFA
Accounting Policies: 1.GeneralThe accompanying schedule of expenditures of federal awards presents the activity of all federal awards of the Township of West Orange. The Township is defined in Note 1 to the Townships financial statements. All federal awards received directly from federal agencies, as well as federal awards passed through other government agencies is included on the schedule of expenditures of federal awards. 2.Basis of AccountingThe accompanying schedule of expenditures of federal awards is presented using the regulatory basis of accounting prescribed by the Division of Local Government Services, Department of Community Affairs, State of New Jersey, which is described in Note 1, Summary of Significant Accounting Policies, of the Townships financial statements. The information in the schedule of expenditures of federal awards is presented in accordance with OMB Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.