Annual Financial Statement (Audited)

This document represents the audited financial statements for the City of Union City, New Jersey, for the fiscal years ended June 30, 2014, and 2013. It includes the reports of independent auditors, letters of comments, and recommendations. The audit covers the financial statements of various funds, including the Current Fund, Trust Funds, General Capital Fund, and Fixed Assets, and also includes supplementary information and reports on federal and state grant programs. The financial statements are prepared on a regulatory basis accounting, which differs from generally accepted accounting principles (GAAP).