2017 Middlesex Borough Municipal Audits

This document comprises the financial statements and supplementary data for the Borough of Middlesex, Middlesex County, New Jersey, for the years ending December 31, 2017 and 2016. Prepared by Hodulik & Morrison, P.A., Certified Public Accountants, it includes an independent auditor's report, reports on internal control, comparative balance sheets, statements of operations, and changes in fund balance for various funds (Current, Trust, General Capital, and Swimming Pool Utility). The audit was conducted in accordance with government auditing standards and requirements prescribed by the Division of Local Government Services, Department of Community Affairs, State of New Jersey. The auditor's report includes an adverse opinion on U.S. Generally Accepted Accounting Principles (GAAP) due to the use of regulatory accounting practices. The report also covers supplementary schedules and data related to current fund activities, trust fund analyses, general capital cash and investments, swimming pool utility finances, and other relevant information. The document outlines revenue, expenditures, and fund balances, offering a comprehensive view of the Borough's financial activities during the specified period. The report, dated September 26, 2018, also mentions compliance with specific laws, regulations, contracts, and grant agreements.