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

The prior inventory was materially misstated; the net adjustment increased fixed assets by $30,310,208 to $458,787,220.

Enforce disposal and transfer policies and update the inventory perpetually so assets are safeguarded and future citywide reconstruction projects are unnecessary.

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

Reconcile every bank account monthly within a reasonable period after month end, such as 15 days.

Grant balances 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.

Receivables were understated, reserves became negative, $3.61 million was overpaid, and at least six retirees received inaccurately calculated benefits.

Recover the overpayments, add controls over timely and accurate tax and pension remittances, and require dual review or reliable system data for new-retiree benefit calculations.

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.

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 sampled deductions and granted deductions to ineligible taxpayers.

Disallow deductions where the Tax Assessor shows no eligibility and retain original applications for audit.

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.

Department revenue was materially overstated before reversals, and the remaining difference could not be validated.

Reconcile department collections monthly, prevent duplicate entries, and record bank-statement receipts only after confirming they were not already reported and investigating the omission.

The City did not comply with N.J.S.A. 40A:4-15 and did not make the sampled cash promptly available to Treasury.

Require Parking Enforcement to remit cash receipts to Treasury within 48 hours.

The City could not demonstrate that the sampled contract was approved as required by public-contracting law.

Comply with N.J.S.A. 40A:11-4 and 40A:11-5 and retain award resolutions for every contract above the applicable threshold.

Posting errors obscured overpayments, reserve shortfalls, and the Fund's actual cash and reserve position.

Implement a formal closing process with regular review of Payroll Clearing reserves to correct errors, identify overpayments, and prevent reserve overexpenditures.

Most of the reported employee-leave liability could not be audited or validated.

Maintain and provide detailed support for the compensated-absence obligation.

The Court could not demonstrate proper independent approval for most sampled ticket voids.

Ensure that every voided ticket has properly documented approvals.

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.