2018 Riverton Borough Audit Report

The Borough of Riverton's audit report for the fiscal year ending December 31, 2018, prepared by Inverso & Stewart, LLC, presents the financial statements of the various funds and account groups. The audit was conducted in accordance with generally accepted auditing standards and requirements prescribed by the Division of Local Government Services, Department of Community Affairs, State of New Jersey. The report includes an independent auditor's report, reports on internal control and compliance, financial statements, and notes to the financial statements. The auditor expressed an adverse opinion on the financial statements' compliance with U.S. Generally Accepted Accounting Principles (GAAP) but offered an opinion that the statements present fairly the assets, liabilities, reserves, and fund balance on a regulatory basis, in accordance with accounting principles prescribed by the Division of Local Government Services.