2017 Audit

This is an audit report for the City of Port Republic, Atlantic County, New Jersey, for the year ended December 31, 2017. The audit was conducted by Ford, Scott & Associates, L.L.C., Certified Public Accountants, and includes an independent auditor's report, comparative balance sheets, statements of operations, revenue statements, and expenditure statements for various funds. The report also includes supplementary data, such as schedules of cash, taxes receivable, tax title liens, revenue accounts receivable, appropriation reserves, and other financial details. The report expresses an adverse opinion on the financial statements when prepared in accordance with generally accepted accounting principles and a qualified opinion on the regulatory basis of accounting due to unaudited LOSAP program amounts. The auditor's report is dated April 20, 2018.