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photo by Boyd Loving
Do Audit Report Recommendations Suggest Sloppy Money Management Procedures At Village Hall?
Public Notice:
VILLAGE OF RIDGEWOOD SUMMARY OF AUDIT REPORT RECOMMENDATIONS DECEMBER 31, 2010 Synopsis of Audit Report of the Village of Ridgewood as required
by N.J.S. 40A:5-7
VILLAGE OF RIDGEWOOD RECOMMENDATIONS:
Finance Department – The integrated general ledger system should be implemented to replace the spreadsheet software general ledger currently used. The cost allocation plan should be updated. The armored car service should be scheduled in a manner to comply with the state statute deposit requirement.
Vital Statistics – All licenses should be issued in sequential order. Cash receipts should be deposited within 48 hours of receipt. Documentation for all voids should be maintained.
Municipal Court – Individuals who enter in tickets and receive payments should not have the authority to enter in dispositions. All payments received should be entered in under the user name of the individual processing the payment. Each person processing payments should have their own locked cashbox that is proved out to their individual journal on a daily basis and verified by a supervisor. Cash receipts should be deposited within 48 hours of receipt. Bail recognizance forms should be obtained for all bail receipts.
Fixed Assets – A review of the fixed asset inventory should be performed.
The above summary or synopsis was prepared from the report of audit of the Village of Ridgewood, County of Bergen for the calendar year 2010. This report of audit, submitted by Louis C Mai, Registered Municipal Accountant of the firm of Louis C Mai CPA & Associates, and a copy of it will be placed on file and made available for public inspection in the Office of the Village Clerk in the Village of Ridgewood. A Corrective Action Plan, which outlines actions the Village of Ridgewood will take to correct the findings listed above, will be prepared in accordance with the state requirements. A copy of it will be placed on file and made available for public inspection in the Office of the Village Clerk in the Village of Ridgewood.
Heather A. Mailander Village Clerk Ridgewood News-3253388 Fee: $138.80 March 9, 2012