2020 Audit

The Borough of Englishtown's audit document for the year ended December 31, 2020, includes the independent auditor's reports on the financial statements, internal control over financial reporting, and compliance. The financial statements, prepared on a regulatory basis as prescribed by the Division of Local Government Services, cover various funds including the Current Fund, Trust Fund, General Capital Fund, Water Utility Fund, Sewer Utility Fund, Payroll Fund, and General Fixed Assets Account Group. The auditor issued an adverse opinion on the financial statements prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP) and an unmodified opinion on the regulatory basis of accounting. A report dated August 9, 2021, addressed internal control and compliance matters, noting no material weaknesses or noncompliance instances. The document also contains supplemental exhibits and a letter of comments and recommendations.