How do moderation notifications work between moderators and admins (on the same instance)?

Lets say that someone reports a post that breaks a community rule for a community that is hosted on an instance that I admin, but that doesn’t break any instance rules. As an admin, I don’t need to take any action, so I mark it as completed without doing anything else.

Do the community moderators still see that report?

Similarly, lets say that someone posts something so bad that they need to be banned from the instance, but a community moderator gets to it before I see the notification. Will I still see a notification and have a chance to take action even after the moderator has removed the post?