13 control and compliance findings.
Here is what they mean.

The fixed-asset inventory did not comply with N.J.A.C. 5:30-5.6 and could omit City property or show inaccurate locations.

Reinforce the City's fixed-asset disposal and transfer policies, require departments to follow them, and add all assets inherited from the former authorities to the inventory.

Late reconciliations delayed detection of payment, transfer, deposit, and reporting errors and could delay detection of a misappropriation.

Reconcile every bank account within a reasonable period after fiscal year end.

Grant receivables, reserves, receipts, and disbursements could not be validated or traced between City records and IDIS; the same issue caused qualified compliance opinions for the four HUD programs.

Adopt monthly reporting, reconciliation, and closing procedures that reconcile the four HUD programs to accounting records, subsidiary ledgers, and grantor reports.

Old unfunded deferred charges remain on the City's books and must be financed by future resources.

Continue funding unfunded deferred charges to future taxation that are more than five years old.

Dedicated tax proceeds were not segregated in the form required by State law.

Establish a separate Municipal Open Space Trust Fund and dedicated bank account used only for the Open Space tax levy.

The manual, fragmented process increased the risk that grant receipts would be posted late or to the wrong grant.

Require grant-administering departments to coordinate expected reimbursements with Treasury and Accounts and Control, and integrate a grants receivable subsidiary ledger into the accounting system.

Amounts due to the Current Fund reduced fund balance because they could not be recognized as realized until collected in cash.

Transfer interfund balances before year end where possible and exercise greater care over transfers, especially between the Payroll Agency and Current Funds.

More than $2 million left the City twice and remained at risk until detected and recovered.

Add preventive controls over wire transfers and manual checks and perform bank reconciliations promptly so duplicate payments are detected and recovered quickly.

The City could not demonstrate that sampled recipients remained eligible for the property-tax deductions.

Disallow deductions when the required annual post-tax-year income statement is not filed.

The City could not demonstrate compliance with federal information-reporting requirements.

Institute controls to file Form 1099 for every nonexempt vendor, including requiring vendors to provide Form W-9 or equivalent information.

The City could not demonstrate that the sampled overtime was fully authorized.

Fully execute and retain all overtime authorizations under the applicable retention schedules and make them available for audit.

Revenue was unavailable to the City for extended periods and required a $114,794 audit adjustment to revenue receivable.

Parking Enforcement should send receipts to Treasury within 48 hours, and Treasury should deposit them in a legal depository within 48 hours.

Large unresolved ticket inventories delayed case disposition and left stale records in the Automated Traffic System.

Review the outstanding tickets, determine their disposition, and remove resolved items from the Automated Traffic System.