Board of Education » Annual Audit and Financial Information

Annual Audit and Financial Information

Standard & Poor's 'AAA' Rating affirmed.

Only 4.5% of those New Jersey School Districts that receive Standard & Poor's Ratings have achieved a AAA rating.

Comprehensive Annual Financial Report

Below, please find the Comprehensive Annual Financial Report (CAFR).  The District is audited each year by a Certified Public School Accountant. The annual audit is performed in line with the New Jersey Department of Education Audit Program.  The Audit Program provides general compliance guidance including, but not limited to, The Application for State School Aid (ASSA) testing; public school contracts; year-end closing of financial records; preparation of statements and schedules; and fund accounting principles (general, special revenue, capital projects, debt service, enterprise, student activity, fixed/capital assets and debt).