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No. 07-250
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Dilte of Adoption
CCtober 4. 2007
REVIEW OF 2005-2006 Al'lNUAL 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 2005 & 2006 have been filed by a
Registered Nlunicipal Accountant with the NIunicipal Clerk pursuant to N.J.S.AAOA:5-6,
and a copy has been received by each member ofthe Governing Body; and
WHEREAS, RS. 52:27BB-34 authorizes the Local Finance Board of the State of New
Jersey to prescribe reports pertaining to the local fiscal affairs; and
\VHEREAS, the Loc;al Finance Board has promulgated N.J.A.C. 5:30-6.5, a regulation
requiring that the Goveming 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 "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 a group affidavit fonn of
the Goveming Body attached hereto; and'
.WHEREAS, such resolution of celtification shall be adopted by the Governing Body no
later than forty-five (45) days after receipt of the ammal 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
\VHEREAS 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 RS, 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 fmed 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.
NO. 07-?'i()
PAGE 2
NOW, THEREFORE, BE IT RESOLVED, that the Mayor and Council ofthe Borough of
Carteret nereby states that it has complied with N.J.A.C.5:306.5 and does hereby submit a
certified copy of this resolution and the required affidavit to said Borough to show
evidence of said compliance.
Adopted this 4th day of October, 2004
and certified as a copy ofthe
original on October 5, 2007.
KATHLEEN M. BARNEY, MMC
Municipal Clerk
COUNCILMAN
RECORD OF COUNCIL VOTE
YES NO NY A.B. COUNCILi\IAN
X
YES NO NV A,D.
X
X
X
X
X
x - Indicate VOle AS - Absent NV - Not Voting XQR - Indicate;; Vote 10 Overrule V.:(o
(
Adopted at a meeting of the Municipal Council
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