2014 - Audit Report

The Borough of Roosevelt's Comprehensive Annual Financial Report (CAFR) for the fiscal year ended December 31, 2014, includes financial statements, supplemental schedules, and auditor's comments and recommendations. The report is divided into four sections: Introductory, Financial, Statistical, and Auditor's Comments and Recommendations. The financial statements have been audited by Samuel Klein and Company, Certified Public Accountants, and the Independent Auditors' Report states that the regulatory basis financial statements are presented fairly. The financial report was issued on August 28, 2015, by George Lang, Chief Financial Officer. Key financial highlights include the Current Fund's revenues and expenditures, and the Water-Sewer Utility Operating Fund's revenues and expenses. The governing body and administration are focused on maintaining stable tax rates and addressing water-sewer infrastructure problems. The Borough is actively involved in decisions impacting the operation of the Borough to provide efficient services to residents. In 2014, an emergency water line repair exceeded the bid threshold of $17,500.00 and should have been memorialized by resolution.