

Auditors Report on Ridgewood Parking Utility raises serious questions as to whether other people also participated in this theft against the Village
Ridgewood NJ, In a statement released by the Mayor ,Council and Village Manager :
On March 19, 2014, following an investigation by the Bergen County Prosecutor’s Office, former Ridgewood employee Thomas Rica admitted in Bergen County Superior Court to stealing $460,000 from the municipality’s parking utility over about a 3-year period – from 2010 to January 2013. At that hearing, Mr. Rica entered into a plea agreement in which, among other things, he was required to repay the amount of $460,000.
Following that hearing and a subsequent July 10, 2014 sentencing hearing, the Village of Ridgewood’s insurance carrier, the Municipal Excess Liability Fund, hired a forensic accounting firm, Nisivoccia LLP, to undertake a comprehensive audit of the loss incurred by the Village’s parking utility. That audit is now complete.
Yesterday, we received Nisivoccia’s final report, which concludes that over a similar period of time, approximately $850,000 was stolen from the Village. The auditor’s conclusion is very disturbing and raises serious questions concerning the scope and method of the crime or crimes that have been committed against the Village. Most notably, it raises the question as to whether other people also participated in this theft against the Village, acting independently or in cooperation with Mr. Rica.
Although we have taken and continue to take several concrete steps to strengthen controls on parking utility revenues, we believe that it is absolutely necessary to try to determine the full extent of the theft[s] committed during the 2010 to January 2013 period.
We are therefore exploring all of our legal options, including possibly starting a Ridgewood Police investigation into this matter. We will make a determination as to next legal steps within weeks.
We are continuing to work with Nisivoccia LLP to review our processes and controls – past and present – to determine if negligence and/or procedural violations contributed to the theft[s} and what steps, if any, still need to be taken to prevent theft going forward.
We are continuing to work with the Municipal Excess Liability Fund to recoup all of the monies stolen from the Village. This is a top priority.
posted on the VOR web sit:
https://mods.ridgewoodnj.net/pdf/manager/2015Report.pdf
https://mods.ridgewoodnj.net/pdf/manager/2015Rica.pdf





