How soon must the Governing Body pass a resolution after reviewing the audit?

The correct answer is that the Governing Body must pass a resolution within 45 days after reviewing the audit. This requirement is in place to ensure that the governing body acts promptly to acknowledge and respond to the findings of the audit. Timeliness in addressing audit results is essential for maintaining transparency and accountability in local government operations, as well as for facilitating any necessary corrections or improvements identified during the auditing process.

In New Jersey, this timeline helps maintain a structured approach to budget oversight and fiscal management, allowing for timely communication with the public and fostering trust in the accountability measures that municipalities have in place. It also allows the governing body to take necessary actions based on the audit recommendations before concluding the fiscal year and moving forward with new budgets or plans.

The other options indicate longer time frames than what is required, making them unsuitable in this context, as they do not fulfill the legal expectations set forth regarding the promptness of action following an audit review.