2022 Audit

The Borough of Stockton's audit report for the year ending December 31, 2022, includes an independent auditor's report on the financial statements, which were prepared on a regulatory basis prescribed by the Division of Local Government Services, Department of Community Affairs, State of New Jersey. The audit encompasses various funds, including the Current Fund, Trust Fund, General Capital Fund, Water Utility Fund, and Sewer Utility Fund, along with a General Fixed Assets Account Group. The report offers an unmodified opinion on the regulatory basis financial statements and an adverse opinion on the U.S. Generally Accepted Accounting Principles (GAAP).