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Home My Public Portal Aboutr 23-233Anoka#Yon of the 9ozough of Cartmet, N� 5C No. #23-233 Date of Adoption October 5, 2023 GOVERNING BODY CERTIFICATION OF THE ANNUAL AUDIT 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 and financial transactions, and WHEREAS, the Annual Report of Audit for the year 2022 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; mid 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 Slate of New Jersey that all members of the governing body hive reviewed, as a minimum, 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 annual 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 Stale 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: B.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 fined 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. Adopted this S° day of October, 2023 and certified as a true copy of the original oil October 6, 2023. CARMELA POGORZELSKL RMC Municipal Clerk RECORD Or COUNCIL VOTE COUNCILMAN YES NO NV A.B. COUNCILMAN YES NO NV A.B. BELLINO X JORAL X DIAZ X KRUM DIMASCIO X NAPLES X- Indicate Vote AB- Absent NV -Not Voting XOR- Indicates Vote to Overrule Veto Adopted at a meeting of the Municipal Council / )f _ October 5, 20 3 MU C PAL CLE K STATE OT NEW JERSEY COUNTY OF MIDDLE SEX We, members of the governing body of the Borough of Carteret in the County of Middlesex, being duly sworn according to law, upon our oath depose and say: 1. We are duly elected members of the Council) of the Borough of Carteret in the County of Middlesex; 2. In the performance of our duties, and pursuant to N.J.A.C. 5:30-6.5, we have familiarized ourselves with the contents of the Annual Municipal Audit filed with the Clerk pursuant to N.J.S.A. 40A:5-6 for the year 2022; 3. We certify that we have. personally reviewed and are familiar with, as a minimum, the sections of the Annual Report of Audit entitled "Comments and Recommendations." Sworn to and subscribed before me this 5t4— Day of CQ', OQQ 3 MARGARET M. RUSSO Notary of New Jersey PPT++ NOTARYpUBUCOFNEW JERSEY m•0"`, MYCDMMKS*NEXpIRES4/4/2025 •k lEPS The Municipal Clerk shall set forth the reason for the absence of signature of any members of the governing body. IMPORTANT: This certificate must be sent to the Bureau of Financial Regulation and Assistance, Division of Local Government Services, P.O. Box 803, Trenton, New Jersey 08625. 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 6, 2023 4Cr mela o el ', RMC Municipal Clerk of New Jersey SYNOPSIS OF AUDIT REPORT FOR PUBLICATION SYNOPSIS OF 2022 AUDIT REPORT BOROUGH OF CARTEREf, COUNTY OF MIDDLESEX AS REQUIRED BY N.J,8.40A:&7. COMBINED COMPARATIVE BALANCE SHEET REGULATORY ACCOUNTING BASIS ASSETS 2022 2021 44,72 ,051.30 21,489,E 3.43 Charges Receivable 766,153,44 717,747.38, 49,234,209.65 42,324,424.22 . e 896,900.00 896,1100.00 69,840,980.64 76,840,454,70: Authorized S Uncompleted 272,362,917.48 260,607,185.31 P 2 226 040,7E 5 898.83L25.87E 634 93 4 0.041 iESERVEB S FUND BALANCE 9.95 85,548,795.19 78,469431.71 20,188,734.71 23,421:267.20' 63,052,991.12 ;le 37,664,847.67 29,329,695.44 28.989.440.20 240,607,646.00 223,602,607.00 1 4t539 .81 80 768 7 49. 1.269 95 SYNOPSIS OF 2022 AUDIT REPORT BOROUGH OF CARTERET. COUNTY OF MIDDLESEX AS REQUIRED BY N.J.5.400,:6-7. COMPARATIVE STATEMENT OF OPERATIONS AND CHANGES IN FUND BALANCE -CURRENT FUND vmunnamm,rcw•re•°°°a MY Comm, Expires Mar, 31, 527 Revenue end Othcr lncomeR d -. 2022 2021 Fund B.lence UVII, Miscellaneous - From Other Than $ 4,000,000.00 $ 3,Ooo,000.00 Local Property Tax Levies Collection of Delinquent Taxes S 24,228,680.49 10,285,093.2E j Sworn and $lAbscribed before Tax Tide Llens Colleciton of Cunenl Tax Levy 684,103.06 80,609,637.72 5B4,94"' 77,'70:682.82 Other dOstolncome Other Cget. to Income 061.872.15 26 234.08 616,440.87 2.034.12838 me this Total oendlturee 0333 7.60 9d.69729201 day of �A � ��gq ^� O°/d Budgtett Expenditures- Municipal Purposes 6Tue,8.535,921.92 12,058,158.98 44,733,098.48 444,039.38 TS/ Local SchoolTexes 29,763,886.00 Special improvement0istdct Taxes 3,483,000.00 30.029.799.00 3,320,000.00 Municippal Oppen Space Taxes Other Adjustments to Income 746,878.6E 763,929.22) Total Expenditures P Excess he Fund Balance 32923.73 0 6 0 e]0.25 0030 8.03, 1.3E .74411 91.384.744.11 1,384,744.11 Fund Balance January 1 8,42 ,457.22' 8.014 065 90 Tolel 83 i4,438,522.85 7 607 617 ]3 1t,01t065,63 63 l Less: Fund Balance Utilized as Revenue 4 000 000.00 3 000 000.00 Balance December 31 � p 85 •- 2 .065.63 f SYNOPSIS OF 2022 AUDIT REPORT BOROUGH OF CARTERET, COUNTY OF MIDDLESEX AS REQUIRED By N.J.S.40A:8-7. COMPARATIVE STATEMENT OF OPERATIONS AND CHANGESINFUNDBALANCE- 2021 $ 100,000.00'� 6,106,262.491 740,60 6016660 8.25716959, 4,798,000.00j 60,000.00' 930,785.43 23,000,00 5 801 765.43; 455.37 •1& 207 DOB 43' 662,380.591 A 66g000.Op1 AS REQUIRED BY N.J.S.A. 40A;6-7 RECOMMENDATIONS: Non.. The above Synopsis Was pprepared from the report of audit of the Borough of Carteret, County of Middlesex, Slate of New Jersey, for the calendar year 2022. This report of audit submitted by Robert W. Allison, Registered Municipal Accountant, Is on file at the office of the Clerk o/the Borough of Carteret and may be Inspected by any Interested person. • Boroagh Cleric