The Borough of Smithville was awarded a federal grant on July 1, 2016 for $400,000 for the purpose of conducting a summer youth employment program. This was a reimbursement-type grant. On August 31, $400,000 of expenditures were recorded, and cash was paid out. On September 30 the $400,000 was received from the federal government. Record necessary entries as of July 1, August 31 and September 30.