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Sayreville RDA certifies annual audit after minor escrow findings
Summary
The Sayreville Economic and Redevelopment Agency accepted its annual audit, noting one recommendation to address small escrow deficits. The board voted to adopt the audit certification and corrective action plan and staff said they are pursuing reimbursements and procedural improvements.
The Sayreville Economic and Redevelopment Agency voted unanimously to certify its annual audit and accept a corrective action plan after auditors reported two small escrow accounts with minor deficits.
Auditor Andrew said the audit "is a lot different than past years" and that the review had "one comment and one recommendation" related to outstanding escrow deficits. He told commissioners the shortfalls are "a couple thousand dollars" and that staff had been working during the year to recover funds from redevelopers; if funds cannot be recovered, the agency may need to write off specific small balances, he said. Andrew also praised the agency27s transition to computerized records.
The audit presentation included administrative recommendations to improve record-keeping. Andrew advised recording check numbers on purchase orders and adding clearer billing descriptions for interlocal reimbursements (for example, borough payroll and IT support charges). Staff reported they have begun applying those changes retroactively to January 1 and are adopting a process to record check numbers after each check run.
Agency staff and the auditor said they will file the required corrective action forms with the state and post the certifications to the FAAS/FAAST system after the board formally adopted the resolution. During discussion, staff emphasized that the items were financial controls and procedural clarifications rather than operational deficits: "every dollar matters, but it is relatively small amounts," Andrew said.
The board then moved, seconded and adopted Resolution 2025-736 certifying the audit and approving the corrective action plan. A roll-call vote was recorded with Commissioners Davis, DeWise, Fisher, Gorillo, Roberts, Scott and Chairman Zabrowski voting yea.
