1) Auditing the balance sheets of the individual funds of the Borough as of and for the year ended December 31, 2025, and the related statements of operations and changes in fund balances for the year then ended. The audit shall be conducted in accordance with auditing standards generally accepted in the United States of America, the audit requirements prescribed by the Division of Local Government Services, Department of Community Affairs, State of New Jersey and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States and other procedures we consider necessary to enable the Borough to express an unqualified opinion that the financial statements are fairly presented, in all material respects, in conformity with generally accepted accounting principles. The audits will include the supplementary information, Schedules of Federal and State of New Jersey Awards, as required by U.S. Office of Management and Budget Circular A-133, Audits of States, Local Governments, and Non-Profit Organization and 8State of New Jersey OMB Circular 04-04, Single Audit Policy for Recipients of Federal Grants, State Grants and State Aid, (if applicable) and is not a required part of the basic financial statements. In accordance with Government Auditing Standards, Respondent will issue a report on the consideration of the internal control over financial reporting and the tests of its compliance with certain provisions of laws, regulations, contracts, and grants. Respondent will issue a report based on consideration of the internal control over compliance in accordance with OMB Circular A-133 and State of New Jersey OMB Circular 04-04 and our test of its compliance with requirements applicable to each major program (if applicable). 2) Prepare the Annual Financial Statement for the year ending December 31, 2025 in accordance with the requirements of the State of New Jersey Division of Local Government Services. This report will be prepared on management’s chart of accounts and trial balance and any adjusting, correcting, and closing entries that have been approved by management. 3) To prepare the annual debt statement for the year ending December 31, 2025 in accordance with the requirements of the State of New Jersey Division of Local Government Services. This statement will be prepared based on management’s chart of accounts and trial balance and any adjusting, correcting, and closing entries that have been approved by management.
