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RiverdaleYellow Risk

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Audit Report

BID #: N/A

DUE: TBD

VALUE: TBD

Rating

Risk Rank

Yellow Risk

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Executive Summary

The Borough of Riverdale's audit report for the fiscal year ending December 31, 2024, reveals a generally sound financial position, while adhering to the regulatory basis of accounting mandated by the New Jersey Division of Local Government Services. The audit expresses an unmodified opinion on the financial statements. Noteworthy points within the report include a statutory net debt of 0.514% and identification of a significant deficiency regarding segregation of duties. There were discussions around long-term debt, pension plans, and postemployment benefits.

Detailed Risk Breakdown

local preference

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performance bond

Evidence Detected

2 CLAUSES FOUND

"...Balance Sheet – Regulatory Basis F Page Notes to Financial Statements 1-28 Schedule Supplementary Data Officials in Office and Surety Bonds 1 Current Fund Schedule of Cash – Treasurer A-4 Schedule of Cash – Collector A-5 Schedule of Cash – Federal and State Grant Fund (Not..."

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liquidated damages

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Audit Report Document

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Location

Timeline

First Discovered

Apr 5, 2026

Last Info Update

Jun 1, 2026

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