Governor Phil Murphy • Lt. Governor Sheila Oliver
New Jersey Home Page Citizen Business New Jersey Government New Jersey Services A to Z New Jersey State Departments and Agencies

Finance News

04/03/2018   New Regulations on Electronic Funds Transfers & Claimant Certification
03/19/2018   CY 2018/FY 2019 State Aid Certification
03/05/2018   Budget Forms Now Available
02/23/2018   CY 2018 and FY 2019 Budget Matters
02/07/2018   FAST Update: Municipal Annual Financial Statements
02/02/2018   FAST Solution Update: Local Finance Notice 2018-06
01/26/2018   FAST Update - Local Finance Notice 2018-05
01/23/2018   State Library Per Capita Aid (PCSA) Application
01/18/2018   LOSAP CY2017 Annual CPI Adjustment

New Regulations on Electronic Funds Transfers & Claimant Certification - 04/03/2018

Local Finance Notice 2018-13 discusses recently adopted Local Finance Board regulations permitting local units, county colleges, and school district boards of education/boards of trustees to pay claims electronically.  The new regulations also create flexibility for local units (other than school district boards of education/boards of trustees) on whether to require vendor/claimant certification prior to paying claims. 

 

Return to Top

CY 2018/FY 2019 State Aid Certification - 03/19/2018

On March 13, 2018, Governor Phil Murphy presented his proposed FY 2019 budget to the State Legislature. No municipality will receive less total State formula aid in support of its CY 2018 or FY 2019 budget than it received in support of their prior year budget. Please review Local Finance Notice 2018-11 for further details.

Return to Top

Budget Forms Now Available - 03/05/2018

Calendar Year 2018 User Friendly Budget documents have been posted to the Division website. They should be e-mailed to ufb.lgs@dca.nj.gov.  Also posted are the 2018 budget documents and the levy cap workbook.  Budgets must be submitted on paper and the levy cap workbook excel spreadsheet must be e-mailed to lfb@dca.nj.gov
 

Return to Top

CY 2018 and FY 2019 Budget Matters - 02/23/2018

Local Finance Notice 2018-09 contains important updated information on the CY 2018 and FY 2019 budget process, including budget deadline adjustments. LFN 2018-09 contains a letter from the Director of the Division of Local Government Services detailing the process in establishing the “FAST” Solution and next steps that will be taken by the Division. In addition, LFN 2018-09 incorporates a list of Frequently Asked Questions regarding the “FAST” Solution. All Business Administrators and CFOs should review this Notice carefully and share it with appropriate officers who participate in the budget planning process.

Return to Top

FAST Update: Municipal Annual Financial Statements - 02/07/2018

Local Finance Notice 2018-07 provides specific direction to municipalities operating on a calendar year financial basis regarding the Annual Financial Statement section of the Financial Automation Submission & Tracking (FAST) Solution.  The Division of Local Government Services is providing extra time for municipalities to complete their Annual Financial Statements in the FAST portal.  The revised deadline for the submission of the Annual Financial Statement through the FAST solution is Monday, February 26, 2018.  However, users are encouraged to try to submit their AFS document as early as possible.  The Division also reminds users to ensure that all applicable certifications on the AFS are completed prior to submission. Numerous users have inadvertently failed to complete these certifications, which delays the review and approval process.

Return to Top

FAST Solution Update: Local Finance Notice 2018-06 - 02/02/2018

Local Finance Notice 2018-06 provides specific direction to municipalities operating on a Calendar fiscal year regarding the Municipal Budget section of the Financial Automation Submission and Tracking (FAST) Solution. 

Return to Top

FAST Update - Local Finance Notice 2018-05 - 01/26/2018

Local Finance Notice 2018-05 provides specific instruction and direction to counties and calendar year municipalities regarding the Financial Automation Submission and Tracking (FAST) Solution.  The Division acknowledges the time constraints pertaining to the submission of financial documents, and further recognizes the proactiveness of many counties and municipalities.  In light of this, the Division has revised requirements for submitting county and municipal budget documents through the FAST Portal: I) Municipal budgets for CY 2018 may be introduced on paper, but will be required to be entered into the FAST Portal by the time of adoption by the governing body or the State’s statutory adoption deadline of April 20th (or the next regularly scheduled meeting thereafter). However, those municipalities under Division of Local Government Services review will be required to submit a simultaneous paper copy. II) Counties will not be required to submit their budgets through the FAST Portal for CY 2018.  However, counties will still be required to submit their Annual Debt and Annual Financial Statement through FAST for 2018. All local governments are still required to submit their 2017 Annual Financial Statement and 2017 Annual Debt Statement through the FAST Portal within the applicable statutory deadlines. 

Return to Top

State Library Per Capita Aid (PCSA) Application - 01/23/2018

The Application for State Library Aid (Per Capita) is now available on the State Library's website under the heading "Data Year 2017".  The due date for submission of the Application is March 15, 2018.  For questions, please call 609-278-2640 ext. 192 or email rkeith@njstatelib.org    

 

Return to Top

LOSAP CY2017 Annual CPI Adjustment - 01/18/2018

Local Finance Notice 2018-02 provides local units administering a Length of Service Awards Program (LOSAP) with general information regarding LOSAP award increases, together with the annual cost of living adjustment to the maximum award amounts.  

Return to Top


statewide: njhome | citizen | business | government | departments | search

Updated: 04/03/2018