HomeMy Public PortalAboutr 20-153lboolu#ran of 19,orrimA of (fax#em, �Nl 51
#20 -153
Date of Adoptio October 1, 2 020
GOVERNING BODY CERTIFICATION OF THE ANNUAL AUDIT
FORM OF RESOLUTION
WHEREAS, N.J.S.A. 40A: 5 -4 requires the governing body of every local unit to have made an
annual audit of its books, accounts mid financial transactions, and _
WHEREAS, the Annual Report of Audit for tine year 2019 has been filed by a Registered
Municipal Accountant with the Municipal Clerk pursuant to N.J.S.A. 40A: 5 -6, and a copy has
been received by each member of the governing body; and
WHEREAS, R.S. . 52:27BB -34 authorizes the Local Finance Board of the State of New Jersey to
prescribe reports pertaining to the local fiscal affairs; and
WHEREAS, the Local Finance Board has promulgated N.J.A.C. 5:30 -6.5, a regulation requiring
that the governing body of each municipality shall, by resolution, certify to the Local Finance
Board of the State of New Jersey that all members of the governing body have reviewed, as a
mbnimum, the sections of the annual audit entitled "Comments and Recommendations; and
WHEREAS, the members of the governing body have personally reviewed, as a minimum, the
Annual Report of Audit, and specifically the sections of the Annual Audit entitled "Comments
and Recommendations, as evidenced by the group affidavit form of the governing body attached
hereto; and
WHEREAS, such resolution of certification shall be adopted by the Governing Body no later
than forty -five days after the receipt of the amoral audit, pursuant to N.J.A.C. 5:30 -6.5; and
WHEREAS, all members of the governing body have received and have familiarized themselves
with, at least, the minimum requirements of the Local Finance Board of the State of New Jersey,
as stated aforesaid and have subscribed to the affidavit, as provided by the Local Finance Board;
and
WHEREAS, failure to comply with the regulations of the Local Finance Board of the State of
New Jersey may subject the members of the local governing body to the penalty provisions of R.S.
52:27BB -52, to wit:
R.S. . 52:27BB -52: A local officer or member of a local governing body who, after a date
fixed for compliance, fails or refuses to obey an order of the director (Director of Local
Government Services), under the provisions of this Article, shall be guilty of a
misdemeanor and, upon conviction, may be ruled not more than one thousand dollars
($1,000.00) or imprisoned for not more than one year, or both, in addition shall forfeit his
office.
NOW, THEREFORE BE IT RESOLVED, that the Council of the Borough of Carteret, hereby
states that it has complied with N.J.A.C. 5:30 -6.5 and does hereby submit a certified copy of this
resolution and the required affidavit to said Board to show evidence of said compliance.
I hereby certify that this is a true copy of tine resolution passed at the meeting held on October 1,
2020.
CARMELA POGORZELSKI
Acting Municipal Clerk
RECORD OIr' COUNCIL VOTE
COUNCILMAN
YBS
NO
NV
A.D.
COUNCILMAN
YES
NO
NV
A.B.
BELLINO
X
JOIIAL
X
DIAZ
X
KRUM
x
''. DIMASCIO
X
NAPLES
}{
X - Indicate Vote
AD - Absent NV -Not Voting XOR- Indicates Vote to Overrate Veto
Adopted at a meeting of the Municipal Council
October 2 20
) �
pp 1,
Act' g tliin'irin lhl—
77 1-/
AFFIDAVIT OF PUBLICATION
The following is a true copy of an Ordinance or Resolution of
the Borough of Carteret that has appeared in the Home News
Tribune, a newspaper which is printed in Freehold, New
Jersey and published in Neptune, in said County and State and
of general circulation in said county. One 1 time(s), once in
each issue as follows:
October 5, 2020
Notary Public of New Jersey
DANA C; ARCHEVAL
NOTARY PUBLIC Off' NEW JERSEY
My Commission EXPIMS 1/12/2022
Sworn and subscribed before
me this 6 day of a/04,,-
', i Y )t MIUDLESEX A5 REQUIRED BY NJ.SA0A:5 7.
COMBINED COMPARATIVE BALANCE: SHEET'
REGULATORY ACCOUNTING
BASIS
ASSETS
2019
2018
Cash& Investments `
Taxes, Assessments, Liens & Sewer. Charges Receivable
$ 26,500,836.
§2/,010,404.97
Accounts Receivable & Other
92 5,.54
934,462.54'
`.
Propperty Acquired for Taxes
beferred Charges If Future Taxation General Capital Fund
39,875,547.56
896,900.00
40,540,734,21
- 896,900.00
Fixed CaPital
52,397,974.63
;' 69,622;359.84
Fixed Capital Authorized &Uncompleted
27,104,678.31
4,750,594,17
Fixed Assets
195,408,741.00
_
183,019,900.00 1
'.
347,860,352.82
816,024,761.56 i
LIABILITIES, S
LIABILITIES, RESERVES & FUND BALANCE
1
Bonds, em Loans A Notes Payable
Improvement Authorizations
73,443,641.14
62,757,684.43
er.Liabilities &Special Funds
121,996,540.84
25,429,985.54
e
Re serve for Certain R
for Cet ain Assets Receivable
41,676,646.03
' 19,434,675.27
Fixed Capital
7,601,904.94
':16,844,776.01 }
Fixed Assets
Fund Balance
195,408,741.00
:183,019,900.00
7,732,878.87
` {8,537,740.31x.
Total !.
$ 347,860,352.82
$ 316,024,761.56 ..
SYNOPSIS OF 2019 AUDIT REPORT
BOROUGH OF CARTERET COUNTY OF MIDDLESEX AS REQUIRED
BY N.l.S.40A:5
j
7.
COMPARATIVE STATEMENT OF OPERATIONS AND
CHANGES IN FUND BALANCE -: CURRENT
FUND '.
i
Revenue and Other Income Realized
2019
2018
Fund Balance Utilized Miscellaneous -
From Other Than -
LocalProperty TaxLevies
$ 4,000,000.00
$ 2,600,00000
16,070,360.57
14,825,741.03
Collection of Delinquent Taxes & Tax Title Liens
Collection of Current Tax Levy
603,764.80
531,365.78 '.
Nonbudget Revenue
70,769,463,97
68,919,914.73
Other Or to Income
520,073.55
c 2,909,181.51
380,113.40
462,133.97'`
Total
92,351,776 29
90,248,337.02
Expenditures
Budget Expenditures - 'Municipal Purposes
County Taxes
47,459,435.21
44,309,697.50
Local School Taxes
- 9,852,504J3
'.'9; 117,049.18
Spec
peciallm
28,071,046.00
28,180,625.00 .,
OfenSpac Taxes
r
3the!palpeencom
men" ats t to o income
2,968,000.00 2,968,000.00
733,022.22
::2,717,203.00:
739,667.31
t
total Expenditures
olal enditures
41,482.68
-. 55,683.25 -.
xcess to Fund Balance
Lad Balance January !
89,095,490,84
3,256,285.45
85,119,925.24
; 5,128,411.78
8,414,213.08
.1;5,885,801.30.::1.
fatal
eSS: Fund Balance Utilized as Revenue
11,670,498.53
11,014,213.08
lalance December 31
4,000,000.00
$ 7,670,498.53
2,600,000 00
$ 8,414,213.08
- SYNOPSIS OF 2019 AUDIT REPORT OF
BOROUGH OF CARTERET, COUNTY OF MIDDLESEX
AS REQUIRED BY N.I.S.A..40A:5
7
!
ECOMMENDATIONS:
lading 2019-001 That the Borough do not waive interest charges assessed to property .tax payments
W approval.-
ly Interestum person. -
Acting Municipal Clerk