2018 Middlesex Borough Municipal Audit

The Borough of Middlesex's financial statements for the years ending December 31, 2018, and 2017 were independently audited by Hodulik & Morrison, P.A. The audit covered the financial transactions of various offices and departments within the Borough. The regulatory basis financial statements were prepared in conformity with accounting practices prescribed by the Division of Local Government Services, Department of Community Affairs, State of New Jersey. An adverse opinion was issued on the financial statements in accordance with accounting principles generally accepted in the United States of America due to the regulatory accounting practices not accurately representing the financial position and operations under GAAP.