2024 Audit Report

This document presents the Report of Audit for the Township of Mannington, County of Salem, New Jersey, for the year ended December 31, 2024. It includes the Independent Auditor's Report, reports on internal control over financial reporting and compliance, and detailed financial statements for various funds including the Current Fund, Trust Funds, and General Capital Fund. It also contains notes to the financial statements and supplemental exhibits providing further analysis of the Township's financial position and operations. The audit was conducted in accordance with auditing standards generally accepted in the United States of America and Government Auditing Standards. The auditor's opinion states that the financial statements present fairly the financial position of the Township in conformity with accounting principles and practices prescribed by the Division of Local Government Services, Department of Community Affairs, State of New Jersey. The report also covers compliance with certain provisions of laws, regulations, contracts, and grant agreements, with no instances of noncompliance or other matters requiring reporting under Government Auditing Standards. It includes schedules of assets, liabilities, revenues, and expenditures for various funds, along with details on property taxes, cash management, and pension plans. Additionally, it touches on risk management, insurance, and contingencies affecting the Township's finances. The report concludes with a list of officials in office and their surety bonds, expressing appreciation for the assistance and courtesies provided by Township officials during the audit.