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Borough of Franklin, County of Sussex Resolution #202391 GOVERNING BODY CERTIFICATION OF THE ANNUAL AUDIT WHEREAS, N.J.S.A. 40A:54 requires the governing body of every local unit to have made an annual

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How to fill out whereas njsa 40a5-4 requires

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What is whereas njsa 40a5-4 requires?

NJSA 40A:5-4 requires municipal and county governments in New Jersey to maintain a system of accounting and financial reporting that ensures accuracy and transparency in their financial statements.

Who is required to file whereas njsa 40a5-4 requires?

Municipalities and counties in New Jersey are required to file financial statements in accordance with NJSA 40A:5-4.

How to fill out whereas njsa 40a5-4 requires?

To fill out the requirements of NJSA 40A:5-4, municipalities must collect financial data throughout the fiscal year and compile it into a comprehensive financial statement, ensuring adherence to generally accepted accounting principles.

What is the purpose of whereas njsa 40a5-4 requires?

The purpose of NJSA 40A:5-4 is to ensure that municipal and county financial statements are accurate, transparent, and compliant with state regulations, thereby promoting public trust in local government finances.

What information must be reported on whereas njsa 40a5-4 requires?

Financial statements must report on revenues, expenditures, assets, liabilities, and equity of the municipality or county, as well as compliance with applicable laws and regulations.