Financial Audit Report

The Township of Harrison's audit report for the year ending December 31, 2023, reveals the financial standing of various funds, including the Current Fund, Trust Funds, General Capital Fund, and Sewer Utility funds. Independent auditor Bowman & Company LLP performed the audit, issuing unmodified opinions on the regulatory basis of accounting, and an adverse opinion on accounting principles generally accepted in the United States of America. The report includes detailed statements of assets, liabilities, reserves, fund balances, revenues, and expenditures for each fund. Key financial aspects covered range from cash balances and property taxes to long-term debt and pension plans. Supplemental exhibits provide further breakdowns of financial activities. The audit adheres to Government Auditing Standards and requirements prescribed by the Division of Local Government Services, New Jersey Department of Community Affairs. Bowman & Company LLP issued the report on October 22, 2024.