Pennsylvania SB975 amends financial reporting requirements for boroughs and cities, including deadlines and penalties for late filings.

Pennsylvania SB975 amends the duties of auditors and chief fiscal officers in boroughs and cities. It mandates that auditors complete their annual audit, adjustment, and settlement by June 30 and publish financial information in a newspaper within ten days. The chief fiscal officer must report the financial condition of the city to the Department of Community and Economic Development by June 30. Failure to file the report within 90 days results in a penalty of $5 per day.

Pennsylvania SB975 amends financial reporting requirements for boroughs and cities, including deadlines and penalties for late filings.

Pennsylvania SB975 amends the duties of auditors and chief fiscal officers in boroughs and cities. It mandates that auditors complete their annual audit, adjustment, and settlement by June 30 and publish financial information in a newspaper within ten days. The chief fiscal officer must report the financial condition of the city to the Department of Community and Economic Development by June 30. Failure to file the report within 90 days results in a penalty of $5 per day.