Regulations concerning fiscal controls in New Jersey are established under which code?

The correct choice pertains to the New Jersey Administrative Code (NJAC) 5:30 et seq., which specifically governs the regulations concerning fiscal controls in the state. This code provides detailed guidelines and standards for financial management within local governments, including requirements for budget preparation, fiscal monitoring, and reporting.

Understanding this code is crucial for municipal officials and accountants, as it outlines the necessary protocols to ensure accountability and transparency in financial operations. The fiscal controls stipulated ensure that municipal funds are managed effectively and in compliance with state regulations. Each subsection within this code addresses different aspects of fiscal management, reinforcing the principles of sound financial governance that municipalities must adhere to.

The other choices, while related to financial governance in New Jersey, do not specifically focus on comprehensive regulations about fiscal controls. NJSA 40A:2 deals with the Local Bond Law, establishing the procedure for local governments to incur debt. NJSA 40A:11 pertains to public bidding and purchasing laws, outlining how municipalities must engage in procurement processes. NJSA 40A:4 focuses on the Local Budget Law, providing the framework for budget preparation and approval. However, these statutes do not encapsulate the broad range of fiscal controls like NJAC 5:30 et seq. does.