MARLBORO – The accounting firm, Wiss & Company, LLP, has released its independent audit report for the year ending Dec. 31, 2018 and for the seventh consecutive year, the auditors reported there were no findings or recommendations regarding Marlboro’s municipal finances.
Upon receiving the results of the audit, Mayor Jonathan Hornik said, “I am pleased to once again announce we have a clean audit for the seventh year running. While it has become almost routine for independent auditors to issue an unqualified opinion with respect to the township’s financial statements, it still bears mentioning.”
Each year, Marlboro is subject to an independent audit of its financial statements.
The core purpose of the independent audit is to report on the condition of the financial
information annually compiled by the Finance Department and to reflect upon the
integrity of the procedures and controls implemented by the township, according to a press release from the mayor’s office.
The auditors scrutinized Marlboro’s financial statements and processes extensively and found no issues or concerns, according to the press release.
“The audit results are a clear reflection of how we conduct the town’s business, the
diligence of our employees, and overall adherence to the procedures and guidelines
established in both state statute and township policy concerning purchasing and the
safeguarding of township assets,” Hornik said.
Also on the subject of fiscal affairs, on Sept. 11, Hornik announced that S&P Global Ratings once again reaffirmed Marlboro’s AAA bond rating. The AAA designation is the highest rating assigned to issues of debt, according to the press release.
“I want to thank Township Council President Scott Metzger, Vice President Carol Mazzola, Councilwoman Randi Marder, Councilman Jeff Cantor and Councilman Michael Scalea for their support and dedication.
“These audit results coupled with Marlboro’s AAA bond rating are measures of our fiscal health and validation of our work to maintain Marlboro’s financial and managerial high standards,” the mayor said.
During their meeting on Sept. 5, the council members voted unanimously to accept the municipal audit.
