Resolution #18-39: Corrective Action Plan 2017 Audit

Date of Adoption: June 21, 2018

WHEREAS, the 2017 annual audit report was delivered in March 2018 and regulations promulgated by the Local Fiscal Affairs Law, N.J.S.A. 40A:5 requires that the chief financial officer prepare a corrective action plan covering all findings and recommendations in the audit report; and

WHEREAS, N.J.S.A. 40A:5 further requires approval of the corrective action plan within 60 days of audit receipt by the township council; and

WHEREAS, there were no findings or recommendations in the 2017 audit report and therefore no corrective action plan is necessary.

NOW, THEREFORE, BE IT RESOLVED that the board of commissioners of the Vernon Township Municipal Utilities Authority acknowledge that a corrective action plan for the 2017 annual audit report is not required to be prepared by the township chief financial officer.