TRENTON, N.J. - Mercer County has earned another “clean” audit after the independent audit group that reported on County finances found no issues, illustrating the County continues to improve its financial standing despite difficulties caused by the recession.
The audit was performed by The Mercadien Group of Hamilton, which reviewed the financial statements of Mercer County from Jan. 1, 2012 through Dec. 31, 2012. The auditors also examined the County’s compliance with state and federal laws, gauged its internal control over financial reporting, and measured the accuracy of its stated financial strength.
Mercer County was given a “clean opinion,” the highest opinion possible at the conclusion of an audit, according to Warren Broudy and Matt Daly, partners of The Mercadien Group, who delivered the audit to the County’s Board of Chosen Freeholders July 25.
Mercer County Executive Brian M. Hughes said he was extremely pleased with the result of the audit at a time when both the public and private sectors are suffering from an unforgiving economic climate.
“Mercer County has worked diligently to restore integrity and transparency to County finances. Even during a protracted economic downturn, Mercer County has consistently balanced our budget and adapted to the conditions of the recession. We will continue to work hard to balance our budget responsibly so that residents continue to get the services they need while keeping our eye on the bottom line.”
Mercadien representatives also reported to the freeholder that the firm required no audit adjustments for the County, that there were no questionable accounting practices, and that there were no disputes with the Hughes administration during the audit process.
At its formal meeting July 25 at the County’s McDade Administration Building in Trenton, the freeholders praised both the administration and Mercadien for working closely together.