News Flash

News & Announcements

Posted on: October 4, 2018

Trenton Mayor Asks DCA for Forensic Audit

To ensure compliance with State regulation going forward, Mayor Gusciora calls on DCA to appoint a forensic auditor to review city finances

TRENTON, N.J. – Mayor W. Reed Gusciora called on New Jersey Department of Community Affairs (DCA) to commission a forensic audit into City of Trenton financial records today. Due to the lack of stringent bookkeeping, city staff under the new administration are now experiencing difficulties interpreting financial records. This includes differentiation in reporting and other budgetary inconsistencies, as Mayor Gusciora pointed out in his letter.

“We need fiscal prudence and responsible stewardship of city finances which is why I’m asking for a thorough review as soon as possible,” said Mayor Gusciora. “We want the process going forward to be transparent and accountable, and we want to make sure dollars are spent wisely in the city. A third-party review seems warranted and I would appreciate our partners at DCA giving this a hard look.”

Following Mayor Gusciora’s election, the City signed a new Memorandum of Understanding (MOU) with DCA, which has had authoritative control over city finances dating back through the administrations of Tony Mack and Eric Jackson, Gusciora’s predecessors, and under Gov. Chris Christie’s supervision. With the signing of a new MOU and the subsequent Executive Order issued by Gov. Phil Murphy, Mayor Gusciora is making efforts to begin a new, strengthened relationship with state officials.

“In order to ensure future compliance under the City’s Memorandum of Understanding with DCA; in furtherance of Executive Order No. 40; and in the interest of transparency, your assistance in undertaking a forensic audit would provide a forthright foundation as we embark on our renewed partnership with State agencies,” Mayor Gusciora wrote in his letter. “While I’m not certain that the City will recuperate any funds, I believe the State and the City owe it to the people of Trenton to understand what happened with City finances over the past eight years and how it will affect individuals and families going forward. Given the number of budget inconsistencies found in the City’s financial record-keeping, our citizenry deserves these answers.”

Letter text:

Dear Lt. Governor Oliver:

As you know, Governor Murphy signed Executive Order No. 40 to spur a partnership between the City of Trenton and the State of New Jersey. It is in this spirit that I respectfully request that the Department of Community Affairs appoint or provide a forensic auditor to assist my administration in reviewing the City’s financial records. 

In my first few months as Mayor of Trenton, I am only now fully realizing the depth of the City’s financial distress. Between isolated events such as a citywide property tax revaluation, anticipated reductions not planned for by prior Administrations including the expiration of public safety grants, and state-mandated cost increases for pensions and health care, the City finds itself in a fiscal bind.

Beyond these constraints, a review of our financial records indicates that past administrations may have used financial record-keeping that did not meet sound accounting principles and the regulatory requirements of DCA under its prior leadership. I am therefore interested in having a better understanding for myself and my constituents of whether previous administrations were adhering to fiscal best practices and complying with oversight restrictions. 

In order to ensure future compliance under the City’s Memorandum of Understanding with DCA; in furtherance of Executive Order No. 40; and in the interest of transparency, your assistance in undertaking a forensic audit would provide a forthright foundation as we embark on our renewed partnership with State agencies. While I’m not certain that the City will recuperate any funds, I believe the State and the City owe it to the people of Trenton to understand what happened with City finances over the past eight years and how it will affect individuals and families going forward. Given the number of budget inconsistencies found in the City’s financial record-keeping, our citizenry deserves these answers. 

I look forward to our continued partnership for the benefit of the State’s capital and its residents.

Sincerely,

W. Reed Gusciora

Mayor

###

 CONTACT: Timothy J. Carroll

tcarroll@trentonnj.org

                           

Facebook Twitter Email

Other News in News & Announcements

Downtown Trenton

Downtown Trenton Visioning Survey

Posted on: December 2, 2019
State of the City Addres - 2019

2019 State of the City Address - Speech

Posted on: November 8, 2019

2019-2020 LEAF COLLECTION PROGRAM

Posted on: September 30, 2019

Public Auction of City Owned Properties

Posted on: August 21, 2019

Contractor Fair - August 21, 2019

Posted on: August 5, 2019

National Night Out Street Listing

Posted on: August 5, 2019

Public Comments Requested

Posted on: August 5, 2019

36th Annual National Night Out

Posted on: July 30, 2019

Juneteenth Celebration

Posted on: June 17, 2019

Taste Trenton - Restaurant Crawl

Posted on: May 19, 2019

Promotions & Valor Award Ceremony

Posted on: April 14, 2019

Subcontractor Opportunities Forum

Posted on: April 8, 2019

First-Time Home Buyer Event

Posted on: April 4, 2019

Let's Read Let's Move

Posted on: April 1, 2019

Swearing-In Ceremony

Posted on: March 28, 2019

Youth Fishing Derby

Posted on: March 28, 2019

Tax Sale Information

Posted on: March 18, 2019

Progress Report on 1000 Homes Initiative

Posted on: February 11, 2019

Construction Activity Notice

Posted on: January 31, 2019

Smooth Sounds of Jazz Sue Giles

Posted on: January 30, 2019

Black History Month

Posted on: January 22, 2019

Christmas Trees

Posted on: January 8, 2019

2018 Assunpink Firewalk

Posted on: December 21, 2018

2018 Free Rabies Clinic

Posted on: December 20, 2018

Cable Service Options Feedback

Posted on: December 6, 2018

2018 Holiday Caroling at City Hall

Posted on: November 27, 2018

NJ Family Festival in Trenton

Posted on: November 26, 2018

Senior Holiday Gala 2018

Posted on: November 14, 2018

Swearing-In Ceremony

Posted on: November 6, 2018

2018 State of the City Address - Speech

Posted on: October 25, 2018

FY 2019 BUDGET PRESENTATION

Posted on: October 19, 2018

2020 Census in Trenton

Posted on: October 18, 2018

2018 State of the City Address

Posted on: October 15, 2018

2018-2019 Leaf Collection Program

Posted on: October 5, 2018

L.H Mitchell Site - - 216 Klagg Ave

Posted on: October 1, 2018

Free Flu Clinic!

Posted on: September 27, 2018

Trenton Cannabis Zoning Ordinance

Posted on: September 18, 2018

Park[ing] Day

Posted on: September 12, 2018

Director of Inspections Stepping Down

Posted on: August 28, 2018

2018 Summer in the Capital City

Posted on: July 19, 2018

Transcript of Inaugural Speech

Posted on: July 13, 2018

City of Trenton - Legal Notice

Posted on: July 2, 2018