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Grant Program Description The New Jersey Cultural Trust Capital Historic Preservation program was established to address critical capital needs of qualified history and humanities organizations.Grant Timelines and Award Dates January 20,2006
Awarded: Awards expected to be made in August 2006
Workshops for FY07 Grants 2006 Grantees Capital Historic Preservation 2006 GranteesProcedures The Cultural Trust Act specifies that the New Jersey Historic Trust will design and administer a grant program for the capital needs of qualified organizations and recommend projects to the Cultural Trust for funding.
Funding for the program is available from the interest earned on the investment of the Cultural Trust Fund.
Organizations must be designated “qualified” by the New Jersey Cultural Trust in order to be eligible to apply for grants from the Cultural Trust.
The New Jersey Historic Trust establishes and publishes guidelines and criteria for the grant program.
Eligible applicants must submit a complete application according to the published grant guidelines.
Applications will be reviewed, evaluated and ranked by independent panels of qualified persons, employing uniform evaluation criteria.
Recommendations will be forwarded from the Historic Trust to the Cultural Trust for consideration.
The Cultural Trust board will approve or reject the recommendations.
The Cultural Trust with the assistance of the Historic Trust will administer the grant.Compliance Procedures and suggested Audit Procedures A. TYPES OF SERVICES ALLOWED OR UNALLOWED
See provision of contract agreement.
Suggested Audit Procedures:
Review contract for approved and allowable project activities and expenditures
Perform appropriate sampling of expenditures and related records.
Review interim and final performance and expenditure reports submitted to Cultural Trust and confirm accuracy.
B. ELIGIBILITY
Eligibility is limited to organizations that have been designated qualified by the New Jersey Cultural Trust.
Eligibility is also limited according to the established guidelines of the Historic Trust.
The Cultural Trust Act defines fundable capital projects under this act as those projects of qualified organizations in New Jersey that construct, expand, renovate, plan for, repair, rehabilitate, restore, adaptively reuse, purchase, effect long-term leaseholds on, replace, relocate, or otherwise improve cultural or historical properties and facilities, as appropriate, including any work relating to providing access thereto for persons with disabilities. The term includes the acquisition of an interest in real property. All projects must be in conformance with the Secretary of the Interior’s Standards for the Treatment of Historic Properties.
Suggested Audit Procedures:
Verify that grantee organization maintains primary mission of arts, history, or humanities, is current with Charities Registration and its Annual Report filing with the NJ Division of Revenue in the Department of Treasury, and has properly filed the annual federal tax forms.
C. MATCHING, LEVEL OF EFFORT, AND/OR EARMARKING REQUIREMENTS
Compliance requirement:
See provisions of grant agreement.
Suggested Audit Procedures:
Review contract and application guidelines for allowable program activities.
Review the expenditure reports to determine the required matching percent, if match is required.
D. REPORTING REQUIREMENTS
Compliance requirement:
Interim and Final Performance and Financial reports are due as defined in the grant agreement.
Suggested Audit Procedures:
Review financial and performance reports for completeness.
Test accuracy of records.
Determine that reports were submitted on a timely basis.
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