18-10 Contract

TOWNSHIP OF WEST ORANGE NOTES TO SCHEDULES OF EXPENDITURES OF FEDERAL AND STATE AWARDS YEAR ENDED DECEMBER 31, 2008 General The accompanying Schedule of Expenditures of Federal Awards and Schedule of Expenditures of State Awards present the activity of all federal and state financial assistance programs of the Township of West Orange. The Township of West Orange is defined in Note A to the Township’s financial statements. All federal financial assistance received directly from federal agencies, as well as federal expenditures of financial assistance passed through other government agencies is included on the Schedule of Federal Financial Awards. Basis of Accounting The accompanying Schedules of Expenditures of Federal and State Awards are presented using the basis of accounting followed by the Township, which is described in Note A, Summary of Significant Accounting Policies, to the Township’s financial statements. The information in the Schedule of Expenditures of Federal and State Awards is presented in accordance with OMB Circular A-133, “Audits of States, Local Governments, and Non-Profit Organizations”. Relationship to Federal and State Financial Reports Amounts reported in the accompanying schedules agree with the amounts reported in the related federal and state financial reports. -31-