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 auditor's report has been changed from 90 days after the fiscal year to the last day of June each year. The bill also 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, and file the financial condition report with the Department of Community and Economic Development by the last day of June.

Furthermore, the bill stipulates that concise financial information must be published in a newspaper of general circulation within ten days of completing the audit, and it outlines penalties for auditors and chief fiscal officers who fail to meet these deadlines. Specifically, any secretary of the auditors or chief fiscal officer who neglects to file the required reports may face summary offenses and fines for delays beyond the specified deadlines. Overall, the bill aims to enhance the timeliness and accountability of financial reporting for local governments in Pennsylvania.

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