Your Full-Service Accounting + Business Growth Advisory Partner

New Jersey Comptroller Requirements

In addition to New Jersey State Statutes and New Jersey Administrative Code, most local governmental units also have specific reporting responsibilities that are required by the New Jersey Comptroller’s office. These requirements are often overlooked leaving local governmental units out of compliance. The New Jersey Comptroller’s Office requires, in accordance with N.J.S.A 52:15C-10, contracting units must notify the Comptroller’s office as early as practicable, but no later than 30 days before advertisement, of any negotiation or solicitation of a contract that may exceed $10 million. Additionally, contracting units must also provide post-award notification for any contract for an amount exceeding $2 million. Notification must be given within 20 days of the award.

Contracting units include: “the principal departments in the Executive branch of the State Government, and any division, board, bureau, office, commission or other instrumentality within or created by such department, any independent State authority, commission, instrumentality and agency, and any State college or university, any county college, and any unit of local government including a county, municipality, board of education and any board, commission, committee, authority or agency, thereof which has administrative jurisdiction over any project or facility, included or operating in whole or in part, within the territorial boundaries of any county, municipality or board of education which exercises functions which are appropriate for the exercise by one or more units of local government, and which has statutory power to make purchases and enter into contracts for the provision or performance of goods or services.”

Copyright 2022, Wiss & Company, LLP Accountants & Consultants. All rights reserved.