Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Auditor of State office honors Newark with clean-audit award; finance team recognized
Summary
An Auditor of State liaison presented the city with the Auditor of State award for a clean audit, placing the city among the top 4% of audited entities statewide and singling out Finance Director Ryan Bubb and staff for their work.
Scott Brown, who represented the Auditor of State’s office, presented the city with the Auditor of State award, which recognizes local governments and school districts that meet criteria for a clean audit report. Brown said the award places the city in the top 4% of annual audits conducted by the office and praised the city’s financial processes and staff for fiscal accountability.
Brown emphasized the office’s criteria for the award — timely GAAP reporting, comprehensive annual financial reporting and absence of findings such as material weaknesses or significant deficiencies — and named Finance Director Ryan Bubb for leadership. Council members thanked the auditor’s office and the city finance team for the work that led to the recognition.
The award is a routine but noteworthy acknowledgement of municipal financial management; council members noted it as an expression of the city’s internal controls rather than as authorization of new policy or expenditure.
