Audit report summary for Little Egg Harbor Municipal Utilities Authority.
Official Courthouse Record · AI-summarized for clarity
- Published
- Category
- Other
- Address
- Little Egg Harbor, NJ
What You Should Do Next
- 1
Review the Audit Report
Read the full audit report for detailed financial information and insights.
- 2
Contact the Authority
Reach out to the Little Egg Harbor Municipal Utilities Authority for any questions.
- 3
Attend Public Meetings
Participate in upcoming public meetings to discuss the audit findings and implications.
Frequently Asked Questions
- What is the purpose of the audit report?
- The audit report provides a financial overview of the Municipal Utilities Authority.
- When does the fiscal year end?
- The fiscal year ends on June 30 each year.
- How can I access the full audit report?
- The full audit report can typically be requested from the Municipal Utilities Authority.
The above suggestions and answers are AI-generated for informational purposes only. They may contain errors. NoticeRegistry assumes no responsibility for their accuracy. Consult a qualified professional before taking action.
Full Notice Text
SUMMARY OR SYNOPSIS OF 2025 AUDIT REPORT OF THE LITTLE EGG HARBOR MUNICIPAL UTILITIES AUTHORITY FOR THE FISCAL YEARS ENDED JUNE 30, 2025 AND 2024 AS REQUIRED BY N.J.S.A. 40A:5A-16 COMPARATIVE STATEMENTS OF NET POSITION JUNE 30 2025 2024 A S S E T S Cash and Cash Equivalents $ 10,856,220 $ 10,005,090 Receivables 374,930 360,587 Accrued Interest 14,701 11,146 Prepaid Expenses 67,722 63,095 Capital Assets Net of Accumulated Depreciation 42,155,044 38,820,804 TOTAL ASSETS $ 53,468,618 $ 49,260,721 DEFERRED OUTFLOWS OF RESOURCES Deferred Pension Outflows $ 387,421 $ 506,847 Deferred OPEB Outflows 1,860,612 1,666,508 TOTAL DEFERRED OUTFLOWS OF RESOURCES $ 2,248,033 $ 2,173,355 LIABILITIES Accounts Payable $ 402,346 $ 477,511 Advanced Revenue 1,896,342 1,896,342 Compensated Absences 186,467 153,152 Accrued Interest Payable 124,420 133,729 Current Maturities of Long-Term Debt 361,442 369,711 Net Pension Liability 2,629,822 2,810,150 Net OPEB Liability 5,276,019 4,606,1