Unspent misstated

Reported 32,237.55 more on hand than it ever received

$32,237.55

Amount in this finding

AGrade A · provisionalSomers Point

Unspent misstated · Verified · Updated 10/03/2026 · 6 documents

The FY2026 report certifies 14,649.63 received in the year, 0.00 of interest and 66,664.57 received since the distribution began in 2022 (p1). It certifies 0.00 spent (p1), 0.00 appropriated or encumbered and not yet spent, 0.00 of administrative expenses and 98,902.12 of unspent and uncommitted money the City currently has on hand (p2). It answers No to funding any program (p3). The FY2023, FY2024 and FY2025 reports each certify 0.00 expended. On the report's own figures the City has received 66,664.57 and spent nothing, so it cannot hold more than 66,664.57. The certified on hand figure is 32,237.55 more than every dollar the report says the City has received. The City's two settlement budget lines, G-02-40-400-351 and G-02-41-604-000, printed through 05/27/2026, show no expenditure. The City's revenue prints record 54,097.52 of settlement receipts from 01/11/2023 to 05/27/2026. No receipt, balance or sum of them in the record gives 98,902.12.