Audit Report

The Borough of North Arlington's audit report for the year ended December 31, 2024, reveals the borough's financial activities, compliance with regulations, and supplementary schedules. The audit encompasses financial statements, including comparative balance sheets and statements of operations for various funds, prepared on a regulatory basis. Key areas covered include the Current Fund, Trust Funds (Animal Control, Other Trust, Unemployment Insurance, and Length of Service Awards Program), the General Capital Fund, and the General Fixed Assets Account Group. The report provides insights into the borough's financial position, revenues, expenditures, and compliance with government auditing standards, with an independent auditor's assessment.