This bill amends Titles 8 and 11 of the Pennsylvania Consolidated Statutes, focusing on the completion, filing, and publication of auditor's reports and financial statements for boroughs and cities. Key changes include the requirement for auditors to complete their annual audits by June 30, rather than as soon as possible after the fiscal year ends. Additionally, the deadline for filing the report with various authorities, including the Department of Community and Economic Development, is changed to the last day of June each year, replacing the previous 90-day requirement after the fiscal year.

Furthermore, the bill mandates that the chief fiscal officer of a city must present a verified report of public accounts to the council in June, instead of April. The publication of concise financial information must also occur at least 10 days prior to this June meeting. The penalties for failing to file reports on time have been adjusted to reflect these new deadlines, with fines imposed for delays beyond the last day of June. Overall, the bill aims to streamline the reporting process and ensure timely financial transparency for local governments.

Statutes/Laws affected:
Printer's No. 2198 (Aug 10, 2025): 8-1059.1(a), 8-1)