Audited Budget (FY 2013, 2012)

This document presents the audit of the financial statements and federal/state grant programs for the City of Union City, New Jersey, for the years ending June 30, 2013 and 2012. It includes reports from the independent auditor, Donohue, Gironda & Doria, covering the financial section, supplementary information, and single audit section. The audit was conducted in accordance with government auditing standards, OMB Circular A-133, and New Jersey OMB Circular 04-04. The document also details the City's financial position across various funds, including the Current Fund, Trust Funds, and General Capital Fund, along with relevant notes and supplementary schedules. The auditor issued an adverse opinion on the financial statements under U.S. Generally Accepted Accounting Principles (GAAP) and a clean opinion on the regulatory basis of accounting. There are notes on State Aid that the City receives which is a material amount as appropriated in the City's fiscal 2014 budget. There is also mention of minimum conditions on receipt of this aid which are set forth in a Memorandum of Understanding with the Director of the Division of Local Government Services, Department of Community Affairs, State of New Jersey.