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Rockaway (Morris)Green Risk
Closed
General

2024 Correction Action Plan

BID #: N/A
ISSUED: 5/22/2025
DUE: TBD
VALUE: TBD
100
Rating

Risk Rank

Green Risk

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Executive Summary

The Borough of Rockaway has issued a Corrective Action Plan for the 2024 Annual Audit, dated May 22, 2025. The plan addresses the lack of adequate segregation of duties between recording and treasury functions within the Finance Department. Due to budgetary constraints, no resolution can be implemented at this time.

Detailed Risk Breakdown

local preference

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performance bond

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liquidated damages

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Timeline

First Discovered

Apr 2, 2026

Last Info Update

Apr 2, 2026

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2024 Correction Action Plan — Rockaway (Morris) | MuniBidder