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3 results for “corrections” · budget

  • 2024 Municipal Budget Presentation

    Jersey City, NJ
    Budget

    On April 16, 2024, the Parsippany-Troy Hills Township Council received a 2024 municipal budget presentation focused on correcting past financial issues and placing the township on sound financial footing while minimizing resident tax burden. The budget prioritizes public safety, efficient service delivery, responsible development, and new revenue streams, while facing challenges from nationwide economic impacts including 4.1% inflation, declining office leasing volume in Northern New Jersey, and reduced commercial property tax revenue. The township also confronts unfunded mandates including affordable housing obligations and infrastructure costs related to lead and galvanized pipe replacement.

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    municipal budgetpublic safetyproperty taxinfrastructureaffordable housing
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  • Knoxville-Knox County Community Action Committee Annual Financial Report

    Knoxville, TN
    Budget

    The Knoxville-Knox County Community Action Committee's audited financial report for the fiscal year ended June 30, 2021, presents the organization's complete financial statements, including government-wide and fund financial statements, along with management's discussion and analysis. The report includes detailed schedules of state and federal awards expenditures, budget-to-actual comparisons for the Conduct and Administration Fund, and assessments of internal control and compliance with government auditing standards. Notable findings and corrective action plans are documented in the internal control and compliance sections, with the report signed off by the Executive Director and Board Treasurer as of January 31, 2023.

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    budgetfinancial reportcommunity actionfederal awardsinternal controls
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  • Signed Final Report and Financial Statements

    Worcester, MA
    Budget

    The Worcester Redevelopment Authority's audited financial statements for the fiscal year ended June 30, 2024, received an unqualified audit opinion from CliftonLarsonAllen LLP, indicating the statements fairly present the Authority's financial position in accordance with generally accepted accounting principles. The audit identified a prior-period error correction related to prepaid expenses that resulted in a restatement of beginning net position. The financial statements include a Statement of Net Position, Statement of Revenues, Expenses and Changes in Net Position, Statement of Cash Flows, and related notes.

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    financial statementsaudit reportredevelopment authoritybudgetfiscal year
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