Plainsboro’s fiscal practices are well-managed, according to an audit of the township’s financial statements for 2007, prepared by WithumSmith & Brown, certified public accountants. The Township Committee accepted the report during its meeting on October 7.##M:[more]##
The firm’s report analyzes whether the township prepares its financial statements in conformity with accounting practices set by the state Department of Community Affairs’ Division of Local Government Services in order to give an accurate assessment of the township’s financial position. The audit, which was completed in August, covered the financial transaction of the tax collectors, treasurer, the activities of the Township Committee, and the records of the various outside departments.
“We did not identify any deficiencies in internal control over financial reporting that we consider to be material weaknesses,” the report stated.
The report stated the firm performed tests of the township’s compliance with certain laws, regulations, contracts, and grant agreements. “The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.”
Furda Takes Oath. During the October 7 meeting, Richard Furda was sworn in as the fourth chief in the department’s 30-year history. A 24-year veteran of the department, he was chosen when former chief Elizabeth Bondurant retired earlier this month.
