Middlesex Borough board hears clean annual audit; auditor says district in "very good financial shape"
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Summary
Auditor Bob Swisher told the Middlesex Borough Board of Education the district's annual audit produced no findings and that the district can bolster capital and maintenance reserves; he offered to answer questions but no formal action was required.
The Middlesex Borough Board of Education received its annual audit presentation, and auditor Bob Swisher reported the district's financial controls produced no findings this year.
"The district is in very good financial shape," Swisher said, adding the board could consider adding funds to its capital and maintenance reserves to prepare for future needs. He told the board the audit found the district in compliance with New Jersey rules and regulations and that no corrective action plan was required.
The presentation was made during the board's public meeting, following the New Jersey Open Public Meetings Law notice. Swisher offered to take questions from board members but did not present any recommendations that required immediate board action.
Because the audit produced no findings, the board did not adopt any corrective resolutions at the meeting. The presentation concluded with Swisher making himself available for follow-up inquiries from board members or staff.