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Rochelle Park CFO reports largely positive audit, flags four corrective comments including procurement paperwork and fee resolutions
Summary
CFO Roy Riccitano told the committee the township's audit was "almost perfect," listing four comments: formal resolution approvals for contracts over bid thresholds, formal resolutions for recreation fees (now corrected), recovery of a $75,000 grant receivable, and a procurement paperwork omission related to a DPW vehicle purchased via a national cooperative.
The Rochelle Park Township Committee reviewed the annual audit on July 8. CFO Roy Riccitano characterized the audit as 'almost perfect' and outlined four comments the auditors raised.
Two of the comments were procedural and related: contracts for goods and services that exceed bid thresholds must be approved by formal resolution and included in the minutes; and recreation department fees must be approved by formal resolution. Riccitano said the recreation fees issue was corrected last month and that the township will add the fee resolutions to the January agenda each year going forward.
Riccitano also reported the township received reimbursements on a prior-year grant receivable totaling $75,000 (returned to the capital fund in March) and thanked committee members for their assistance. Finally, he acknowledged responsibility for an omission in procurement documentation after the township purchased a Department of Public Works vehicle through a national cooperative; the purchase saved roughly $40,000, but the cooperative's advertisement step was not preserved in the record and will be corrected.
Committee members thanked the finance and audit teams. No formal vote was recorded on the audit presentation; the CFO said staff will document the fee resolutions annually and adjust minutes/procurement records where necessary.
