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News

No payments made by Barnegat to insurance broker in the Ritacco scandal

BARNEGAT — The township school district did not make any payments to Federal Hill Risk Management Company, the insurance broker at the center of the bribery case against former Toms River Regional School District Superintendent Michael J. Ritacco, according an audit report. The forensic audit, performed by Holman & Frenia, found Federal Hill was an insurance …

Report questions Point Pleasants accounting practices

POINT PLEASANT — The annual review of the borough’s finances has uncovered numerous accounting irregularities in 2010, including $3,691,375 deposited into the wrong bank accounts. Examiners also cited a lack of details regarding the borough’s $21.5 million in general capital bonds and $4.98 million in utility capital bonds, while noting that 35 different line-item adjustments …

New Hanover School District business administrator resigns

WRIGHTSTOWN – A major reconstruction of financial records has revealed that no significant amount of money is believed to be missing from the New Hanover School District, officials said. According to the report, issued by Kevin Frenia of Holman and Frenia PC of Medford, financial records handled by suspended Business Administrator Deborah Paone, who resigned …