Synopsis of 2024 Audit

This document presents the Synopsis of the 2024 Audit report for the Borough of Rumson, published as required by N.J.S.40A:5-7. It details the combined comparative balance sheet for the fiscal years 2024 and 2023, outlining the municipality's financial position. The audit summary itemizes assets including cash & investments, various receivables, and general fixed assets, totaling $71,851,018.89 for 2024. Correspondingly, it lists liabilities, special funds, bonds, loans, and the fund balance, which also total $71,851,018.89, demonstrating a balanced financial statement. This synopsis serves as a public record of the Borough's financial health, providing transparency regarding its financial activities and compliance with state regulations.