2019 Middlesex Borough Municipal Audit

This document is the audit report for Middlesex Borough, New Jersey, for the year ending December 31, 2019. The audit includes an independent auditor's report, financial statements for various funds (Current Fund, Trust Fund, General Capital Fund, Swimming Pool Utility Fund), and notes to those financial statements. It also includes reports on internal control over financial reporting and compliance based on an audit of financial statements performed in accordance with Government Auditing Standards. The document contains detailed statements of assets, liabilities, reserves, and fund balances, statements of operations and changes in fund balance, and statements of revenues and expenditures. Supplementary exhibits include schedules of cash, change funds, taxes receivable, nonbudget revenues, interfunds, appropriation reserves, sewer flow charges receivable, and various payables and reserves. The audit expresses an adverse opinion on accounting principles generally accepted in the United States of America (GAAP) and an unmodified opinion on the regulatory basis of accounting.