New Jersey § 40a:5-4
Full text of New Jersey New Jersey Statutes § 40a:5-4, with citation guidance and answers to common questions.
§ 40a:5-4.
The governing body of every local unit shall cause an annual audit of its books, accounts
and financial transactions to be made and completed within six months after the close
of its fiscal year. The governing body of every local unit may by resolution petition the Director of
the Division of Local Government Services in the Department of Community Affairs for
an extension to complete and file the annual audit with the division. Upon good cause being shown the director may grant an extension upon whatever terms
or conditions he may deem reasonable. The determination of the director in the granting of an extension is final. The governing body of every local unit shall employ a registered municipal accountant
of New Jersey to prepare its annual audit or it shall enter into an agreement with
the Director of the Division of Local Government Services for an annual audit to be
made by qualified employees of the division. The director shall establish a fee based upon the time spent and other expenses
incurred by qualified employees of the division when conducting the annual audit for
a local unit. The local unit shall upon request for payment for audit services, forward a check
to the director, payable to the State Treasurer.
Frequently Asked Questions About New Jersey § 40a:5-4
What does New Jersey Statutes § 40a:5-4 cover?
Section 40a:5-4 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 40a:5-4?
A common citation format is "New Jersey Statutes § 40a:5-4" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 40a:5-4 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.