2023 Audit Report Clementon Borough Draft 8.13.2024.

The Borough of Clementon's audit report for the year ended December 31, 2023, contains the independent auditor's report, financial statements, and supplementary information. The audit was conducted in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and in compliance with audit requirements as prescribed by the Division of Local Government Services, Department of Community Affairs, State of New Jersey. The auditor expressed unmodified opinions on the regulatory basis financial statements, but an adverse opinion on accounting principles generally accepted in the United States of America. The audit report also covers the Borough's internal control over financial reporting and compliance with laws, regulations, contracts, and grant agreements. The supplementary information includes statements and schedules for various funds and a schedule of expenditures of federal awards, all fairly stated in relation to the basic financial statements. Additionally, the report includes a section on single audit findings for the year ended December 31, 2023, assessing compliance with compliance requirements for federal awards.