Bill > HB1787

This bill modifies reporting requirements for boroughs and cities in Pennsylvania, primarily changing the deadline for annual financial reporting from 90 days after the fiscal year to June 30th of each year. Specifically, for boroughs, the bill requires auditors to complete their annual audit before June 30th and mandates that they publish concise financial information in a local newspaper, including total assets, liabilities, net position, revenue, and expenses. The bill also requires the auditors' secretary to file copies of the report with various entities, including the borough secretary, local court, Department of Transportation, and Department of Community and Economic Development by the last day of June. Similarly, for cities, the chief fiscal officer must now provide a detailed annual report to the city council in June instead of April, publish financial information in a newspaper, and submit a financial report to the Department of Community and Economic Development by June 30th. Failure to comply with these reporting requirements can result in summary offenses and potential fines. The changes aim to standardize and expedite financial reporting processes for local government entities in Pennsylvania.

Budget and Finance, Government Affairs

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=H&type=B&bn=1787