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Audit

Friday, July 13, 2012

Canonsburg News You Can Use

Sure, you heard about the restriction on parade chairs. But here's what else happened at Canonsburg's meeting Monday.

Auditors Cypher & Cypher issued its 2011 finance report to Canonsburg Council Monday, and it was a positive one with no major findings. With total revenues and financing sources of $4,357,934 and expenditures of $4,352,075, the borough increased its fund balance by $5,859 to a total of $541,932. The capital projects fund also increased to $390,726. Cypher said the largest share of borough funds was spent on the police department (39 percent), as is typical in most communities. Other major expenditures were for highways/streets (25 percent), general government (16 percent) and employee benefits (8 percent). Representatives from the firm lauded the administration for its help in compiling its report, and indicated that general government …

Tuesday, July 12, 2011

Manager: Borough Audit a 'Stunning Success'

Cypher & Cypher presented the information at council's meeting Monday.

Canonsburg Manager Terry Hazlett said that considering the massive snow storm in February 2010—and the more than $100,000 price tag that came with it for the borough—it's audit was a 'stunning success.' The auditing firm reported that the borough came within $5,275 of its projected $3.8 million budget in 2010, something Hazlett said was "quite an accomplishment" considering those unexpected costs for overtime and materials from that storm. The fund balance stands at $536,073, which Steve Cypher said was "right in the middle" of the recommended amount. Cypher also commended council for the steps it had taken to improve collection of delinquent sewer and garbage bills. Cypher also said that like most governments, 40 percent of the budget …

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