SYNOPSIS OF 2025 AUDIT REPORT
COUNTY OF ATLANTIC
AS REQUIRED BY N.J.S.A. 40A:5-7
COMBINED COMPARATIVE BALANCE SHEET
| Assets |
2025
|
2024 |
| Cash and Investments |
$239,649,800.16 |
$203,969,706.33 |
| Taxes, Assessments, Liens and Utility Charges Receivables |
$1,625,264.25 |
$1,302,838.49 |
| Accounts Receivable |
$296,597,710.48 |
$296,702,955.14 |
| Deferred Charges to Future Taxation - General Capital |
$268,648,802.54 |
$259,536,488.40 |
| Total Assets |
$806,521,577.43 |
$761,511,988.36 |
| |
|
|
| Liabilities, Reserves and Fund Balance |
|
|
| Bonds, Loans and Notes Payable |
$193,290,152.19 |
$180,211,838.05 |
| Improvement Authorizations |
$89,330,978.31 |
$89,085,649.61 |
| Other Liabilities and Special Funds |
$464,008,660.89 |
$451,167,630.41 |
| Reserve for Certain Assets Receivable |
$1,481,745.12 |
$1,191,230.84 |
| Fund Balance |
$58,410,040.92 |
$39,855,639.45 |
| Total Liabilities, Reserves and Fund Balance |
$806,521,577.43 |
$761,511,988.36 |
COMPARATIVE STATEMENT OF OPERATIONS AND
CHANGES IN FUND BALANCE – CURRENT FUND
| |
2025 |
2024 |
| Fund Balance Utilized |
$19,317,757.00 |
$16,896,226.25 |
| Miscellaneous - From Other Than Local Property Tax Levies |
$136,923,309.63 |
$117,592,766.20 |
| Collection of Current Tax Levy |
$188,474,439.81 |
$179,457,659.00 |
| Total Revenues and Fund Balance |
$344,715,506.44 |
$313,946,651.45 |
| |
|
|
| Budget Expenditures |
|
|
| Operations |
|
|
| Salaries and Wages |
$89,727,394.00 |
$86,976,295.50 |
| Other Expenses |
$163,332,639.47 |
$151,479,639.44 |
| Capital Improvements |
$8,443,000.00 |
$7,600,000.00 |
| Debt Service |
$20,259,629.65 |
$21,102,365.45 |
| Deferred Charges and Statutory Expenditures |
$25,080,696.27 |
$24,247,513.41 |
| Other Expenditures |
$4,526.26 |
$49,537.65 |
| |
|
|
| Total Expenditures |
$306,847,885.65 |
$291,455,351.45 |
| Excess in Revenue |
$37,867,620.79 |
$22,491,300.00 |
| Fund Balance, January 1 |
$38,635,514.34 |
$33,040,440.59 |
| Decreased by: Utilized as Anticipated Revenue |
$19,317,757.00 |
$16,896,226.25 |
| Fund Balance, December 31 |
$57,185,378.13 |
$38,635,514.34 |
RECOMMENDATIONS
NONE.
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The above synopsis was prepared from the report on examination of the financial statements and supplementary data of the County of Atlantic, for the year ended December 31, 2025. This report of audit, submitted by Jerry W. Conaty, Registered Municipal Accountant, is on file at the Clerk of the Board's office and may be inspected by any interested person.
Tara Silipena, Clerk of the Board