Financial Information

The South Monmouth Regional Sewerage Authority operates on a fiscal calendar year from January 1st to December 31st. The financial statements of the Authority have been prepared in conformity with Generally Accepted Accounting Principles (GAAP) as applied to governmental units and are independently audited and certified by Wielkotz & Company, LLC.

The South Monmouth Regional Sewerage Authority is in compliance with N.J.S.A. 52:15c-7 in which the Authority is required to provide annually to the Office of the State Comptroller a copy of its most recent Financial Audit, including the Management Letter.

The Public is advised that due to the state of New Jersey (the “State”) being late providing key information in order for entities to calculate its GASB 75 liability for Accounting and Financial Reporting for Postemployment Benefits other than Pensions, the South Monmouth Regional Sewerage Authority (the “Authority”) is not able to timely file, issue and publish their audited financial statements for the fiscal year ended December 31, 2020, in accordance with the applicable provisions of Rule 15c2-12 as amended, promulgated by the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended (the “Rule”).  

As a Local Government Unit, and in addition to Governance by its own Board of Commissioners, the Authority operates under the administrative guidance of the Division of Local Government Services of the Department of Community Affairs. Pursuant to N.J.A.C. 5-31-2.1(j), the Authority complies with the requirement of transmitting two certified copies of its annual budget to the Director of the Division of Local Government Services for approval at least 60 days prior to the end of the current fiscal year.

Please select one of the following links to access the Authority’s most recent audited Financial Statements, DLGS Approved Budgets, and/or its Unaudited Financial and Statistical Summary Report.

2021 SMRSA Authority Budget
2020 SMRSA Authority Budget
2019 SMRSA Authority Budget
2019 SMRSA Financial Audit
2018 SMRSA Financial Audit
2017 SMRSA Financial Audit
Financial and Statistical Summary Report