Below is a link to a PDF of a letter from the State Treasurer to Elizabeth Christopherson calling on NJN to develop a detailed financial plan for FY 09, to freeze non-essential spending, to not fill vacancies, and most interestingly to correct material weakness identified in the 1/08 independent audit of the Authority and the NJN Foundation.
According the Treasurer “the Authority cannot produce an accrual ‘GAAP’ basis balance sheet at any reporting period, nor can it efficiently monitor its fiscal position…”
