123-25 Township of West Orange - 12-31-2023 CAP.pdf

Department: Office of the Comptroller Respondent: John Ditinyak, Director of Finance Responsible Employee(s): John Ditinyak, Director of Finance; Finding Number: 2023-11 (Page 162) 1. Condition: The Federal and State Grant Fund has several receivable and reserve balances that have had no activity for several years. These accounts should be reviewed at year-end. 2. Recommendation: That all inactive grant balances be reviewed and appropriate action be taken based on those findings. 3. Township Response and Corrective Action: All grant receivable and reserve balances will be reviewed to determine if the project has been completed and/or the grant has term expired. As necessary, a resolution cancelling receivable and spending reserve balances will be presented to the Township Council for approval. 4. Implementation Date: June 24, 2025 Council Meeting