2015 Audit

This document is an audit report for the City of Port Republic, Atlantic County, New Jersey, for the year ended December 31, 2015. It includes the independent auditor's report, comparative balance sheets and statements of operations for various funds (Current, Trust, Capital), and notes to the financial statements. The report also contains supplementary data, including schedules of expenditures of federal and state awards, cash, taxes receivable, and other financial information. The audit was conducted in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards. The auditor's report expresses an adverse opinion on the U.S. Generally Accepted Accounting Principles basis and a qualified opinion on the regulatory basis of accounting.