2019 - Audit Report

The Comprehensive Annual Financial Report (CAFR) for the Borough of Roosevelt, New Jersey, for the year ended December 31, 2019, is a detailed financial overview presented in four sections: Introductory, Financial, Statistical, and Auditor's Comments and Recommendations. The report asserts accuracy in all material respects and adherence to financial reporting standards prescribed by the Division of Local Government Services. The report highlights progress in operational and financial areas during 2019, while acknowledging ongoing challenges requiring attention and improvement, including maintaining stable tax rates and addressing water-sewer infrastructure issues. The financial statements have been audited by Samuel Klein and Company, and note an unqualified opinion and conformity with accounting principles. The report was issued April 21, 2021.