HomeMy Public PortalAboutr 03:361No. 03-361 Date of Adoption lXocoml~r 18 2003
REVIEW OF THE 2002 AUDIT
WHEREAS, N.J.S.A. 40A:5-4 requires the governing body of every local unit to have an
annual of its books, accounts and financial transactions, and
WHEREAS, The Annual Report of Audit for the year 2001 has been filed by a
Registered Municipal Accountant with the Municipal Clerk as per the requirements of
N.J.S. 40A:5-6, and a copy has been received by each member of the governing body,
and
WHEREAS, the Local Finance Board of the State of New Jersey is authorized to
prescribe reports pertaining to the local fiscal affairs, as per R.S. 52:27BB-34, and
WHEREAS, the Local Finance Board has promulgated 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 minimum, the sections of the annual audit entitled:
General Comments
Recommendations
and
WHERE ~S, 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:
General Comments
Recommendations
as evidenced by the group affidavit form of the governing body, 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, as per the regulations of the
Local Finance Board; 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
NO. 03-361 PAGE 2
WHEREAS, failure to comply With the promulgations 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 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, THERFORE, BE IT RESOLVED, that the Governing Body of the Borough of
Cat:teret, hereby states that it has complied with the promulgation of the Local Finance
Bom'il of the State of New Jersey dated July 30, 1968 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 18th day of December, 2003
and certified as a true copy of the original on
December 19, 2003.
KATHLEEN M. BARNEY, RMC/CMC
Municipal Clerk
LINDA A. RIVERA
Assistant Hunicipal Clerk
RECORD OF COUNCIL VOTE 'IL
X - lndicaie Votc AB - Absen~ NV - Nol Voting XOR - Indicates Vole Io Overrule Ve{o
Adopted at a meeting of the Muaicipal Council
Affidavit of Publication
Publisher's Fee $157.08 Affidavit
State of New Jersey } ss.
MIDDLESEX COUNTY
Personally appeared LINDA DIAZ
of the Home 1Nlews 'l'ribuzze, a newspaper printed In Freehold,',~,J a.nd published In NEPTUNE, In said
County and State, and of general circulation In said county, who b~1~g duty~sworn, deposeth and salth
that the advertisement of which the annexed Is a true copy, has been ~ubitshed In the said newspaper
1 (ONE) times, once In each Issue, as follows
A,D., 2003
JEAN L. ESPO$]TO
NOTARY PUBLIC OF NEW JERSEY -
MY COMMISSION EXPIRES JAN. 27,2005 Sworn and subscribed b~efore me this
9th day of December, A.D., 2003
N0t~.r~blic of New Jersey
BOROUGH OF CARTERET
SUMMARY OR SYNOPEIB OF 2002 REPORT OF AUDIT OF
BOROUGH OF CARTERET
MIDDLEBEX COUNTY, NEW JERBEY
AS REOUIRED BY N.J.E.A. 40A;5-7
CURRENT FUND
COMPARATIVE BALANCE SHEET - STATUTORY BASIS
DECEMBER ~ 2002 AND 2001
BALANCE
BALANCE
DECEMBER 31, DECEMBER 31,
ASSETS REF. 2~02 2001
Current Fund:
Cash and Investments ........ A-4 $ 5,883,38] 3,750,960
Cash - Change Funds ................. A 5 300 300
5,883,681 3,751,260
Receivables and Other Assets
With Full Reserves:
Delinquent Property Taxes
Receivable ................ A-7 837,751 662,457
Tax Title Liens Receivable ......... A 9 48,030 42,388
Sewer Rents Receivable ............. A 1! 263,896 243,435
e~LA~CE BALAJt~CE
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