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

The inventory did not comply with N.J.A.C. 5:30-5.6 and could omit assets or report inaccurate locations.

Reinforce disposal and transfer policies, require departments to follow them, and add all assets inherited from the former authorities.

Late and incomplete reconciliations delayed detection of errors, financial reporting, and any potential 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; the same issue caused qualified compliance opinions for the four HUD programs.

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

Old unfunded deferred charges remained on the City's books and required future financing.

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 dedicated depository used only to account for Municipal Open Space tax-levy proceeds.

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

Require departments to coordinate expected grant receipts with Treasury and Accounts and Control, and integrate the subsidiary ledger into the accounting system.

Amounts due to the Current Fund reduced fund balance until collected in cash.

Transfer interfund balances before year end where possible and exercise greater care over transfers to avoid unnecessary balances.

The City could not support eligibility for sampled deductions and continued deductions already identified as disallowed.

Disallow deductions lacking annual income statements, remove disallowed deductions from the tax system, and retain original applications.

The City lacked current evidence that sampled properties continued to qualify for exemption.

Obtain required further statements, follow up on nonfilers, and determine whether each property should remain exempt.

The City did not receive the independent audit assurance required for that long-term tax-exemption agreement.

Ensure that every urban-renewal entity with a long-term tax-exemption agreement submits an annual audit.

Parking revenue records were incomplete, untimely, and overstated before correction.

Reconcile Parking Enforcement collections to amounts turned over each month and establish controls preventing duplicate revenue entries.

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

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