Summary of the 2024 Audit Report for the Borough of South Toms River.
Official Courthouse Record · AI-summarized for clarity
- Published
- Category
- Other
- City
- South Toms River
- Address
- South Toms River, NJ
What You Should Do Next
- 1
Review the Audit Report
Read the full audit report for detailed financial information.
- 2
Contact Borough Officials
Reach out to borough officials for any questions regarding the audit.
- 3
Attend Public Meetings
Participate in upcoming meetings to discuss the audit findings.
Frequently Asked Questions
- What is the 2024 Audit Report for South Toms River?
- It is a summary of the financial audit conducted for the borough.
- Where can I find the audit report details?
- The details are published as required by New Jersey law.
- What are the key financial figures in the report?
- The report includes assets, liabilities, and fund balance for the borough.
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
AP-43477095 SUMMARY OF AUDIT REPORT FOR PUBLICATION Summary of 2024 Audit Report of the Borough of South Toms River As Required by N.J.S.A. 40A:5-7 Combined Comparative Balance Sheet - Regulatory Basis Dec. 31, 2024 Dec. 31, 2023 ASSETS Cash and cash equivalents $2,580,331.38 $2,635,156.42 Taxes and liens receivable 120,946.66 137,098.76 Foreclosed Property 603,100.00 603,100.00 Other receivables and assets 6,840,172.06 6,181,637.10 Fixed assets 8,349,604.86 8,213,437.97 Deferred charges to future taxation - unfunded 2,174,009.54 2,487,081.00 Deferred charges to be raised in succeeding year 66,998.46 - $20,735,162.96 $20,257,511.25 LIABILITIES, RESERVES AND FUND BALANCE Improvement authorizations $978,170.45 $1,426,017.01 Bond anticipation note payable 1,666,736.00 1,940,049.00 Other liabilities and reserves 7,538,276.83 6,584,973.19 Investment in fixed assets 8,349,604.86 8,213,437.97 Reserve for receivables 833,826.14 796,112.57 Fund balance 1,368,548.68 1