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Finance News

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

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.

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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. 

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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. 

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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    

 

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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.  

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Updated: 02/15/2018