Audit Report for the Year Ended 12-31-17

The Township of Little Egg Harbor's audit report for the fiscal year ending December 31, 2017, provides an overview of the township's financial position, operational changes, revenues, and expenditures. Prepared in accordance with accounting principles and practices prescribed by the New Jersey Division of Local Government Services, the audit encompasses various funds, including the Current Fund, Trust Fund, General Capital Fund, and Payroll Fund. The report includes independent auditor’s reports on the financial statements and on internal control over financial reporting and compliance, as well as the regulatory basis financial statements. It also identifies deficiencies in internal control related to the posting of tax adjustments and other closing entries in the general ledger, which management intends to address.