Bill > SB971

This bill modifies provisions in the Second Class Township Code related to annual financial reporting and auditing requirements for townships. Specifically, it changes key deadlines for township auditors, extending the completion of annual audits from April 1st to the last day of June each year. The bill also adjusts the filing deadline for audit reports from 90 days after the fiscal year closes to the last day of June, requiring auditors to file these reports with various local and state entities including the township secretary, county court clerk, Department of Community Affairs, and Department of Transportation. Additionally, the bill shifts the publication deadline for a township's financial summary from April 15th to July 15th, mandating that townships publish a concise financial overview in a local newspaper, including total assets, liabilities, net position, revenue, expenses, and changes in net position. The bill maintains existing penalties for township officials who fail to file reports or publish required financial statements, and the changes will take effect 60 days after enactment. These modifications aim to provide more flexibility for townships in completing and reporting their annual financial information while maintaining transparency.

Budget and Finance, Government Affairs

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=S&type=B&bn=971