Professional Documents
Culture Documents
We have audited the accompanying 2013 Municipal Annual Audit and Financial Report (DCED-
CLGS-30) of Penn Township, York County, Pennsylvania as of and for the year ended December
31, 2013.
Managements Responsibility for the 2013 Municipal Annual Audit and Financial Report
(DCED-CLGS-30)
Management is responsible for the preparation and fair presentation of the 2013 Municipal Annual
Audit and Financial Report (DCED-CLGS-30) in accordance with the Pennsylvania Department of
Community and Economic Development statutory reporting requirements, under the provisions of
the First Class Township Code, in accordance with the modified cash basis of accounting, which is
a basis of accounting other than accounting principles generally accepted in the United States of
America. Management is also responsible for the design, implementation, and maintenance of
internal control relevant to the preparation and fair presentation of the 2013 Municipal Annual
Audit and Financial Report (DCED-CLGS-30) that is free from material misstatement, whether
due to fraud or error.
Auditors Responsibility
Our responsibility is to express opinions on the 2013 Municipal Annual Audit and Financial Report
(DCED-CLGS-30) based on our audit. We conducted our audit in accordance with auditing
standards generally accepted in the United States of America. Those standards require that we
plan and perform the audit to obtain reasonable assurance about whether the 2013 Municipal
Annual Audit and Financial Report (DCED-CLGS-30) is free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts in the 2013
Municipal Annual Audit and Financial Report (DCED-CLGS-30). The procedures selected depend
on the auditors judgment, including the assessment of the risks of material misstatement of the
2013 Municipal Annual Audit and Financial Report (DCED-CLGS-30), whether due to fraud or
error. In making those risk assessments, the auditor considers internal control relevant to the
entitys preparation and fair presentation of the 2013 Municipal Annual Audit and Financial
Report (DCED-CLGS-30) in order to design audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entitys
1
www.rlhcpa.com
195 STOCK STREET SUITE 311 HANOVER, PA 17331 TEL: 717-637-7300 FAX: 717-632-5141
7420 HAYWARD ROAD SUITE 101 FREDERICK, MD 21702 TEL: 301-696-9449 FAX: 301-604-8428
205 E. MAIN STREET WESTMINSTER, MD 21157 TEL: 410-828-3636 TEL: 410-876-3990 FAX: 410-876-0978
internal control. Accordingly, we express no such opinion. An audit also includes evaluating the
appropriateness of accounting policies used and the reasonableness of significant accounting
estimates made by management as well as evaluating the overall presentation of the 2013
Municipal Annual Audit and Financial Report (DCED-CLGS-30)
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
basis for our audit opinions.
Hanover, Pennsylvania
2
DCED-CLGS-30 (9-09) 'HSDUWPHQWRI&RPPXQLW\ (FRQRPLF'HYHORSPHQW
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BALANCE SHEET
DCED-CLGS-30 (09-09)
Special
Revenue General
General Capital Internal Trust and General Memorandum
(Including Debt Service Enterprise Long Term
Fund Projects Service Agency Fixed Assets Only
State Liquid Debt
Fuels)
Assets and Other Debits
100-120 Cash and Investments 1,790,659 5,852,458 7,472,826 2,740,143 8,874,270 26,730,356
Total Assets and Other Debits 1,790,659 5,852,458 7,472,826 2,740,143 8,874,270 17,319,037 44,049,393
Special
Revenue General
General Capital Internal Trust and General Memorandum
(Including Debt Service Enterprise Long Term
Fund Projects Service Agency Fixed Assets Only
State Liquid Debt
Fuels)
Liabilities and Other Credits
260-269 Long-Term-Liabilities 17,319,037 17,319,037
270-289 Fund Balance / Retained Earnings on 1,753,821 5,852,458 7,472,826 2,740,143 8,874,270 26,693,518
12/31
291-299 Other Equity
Total Fund and Account Group 1,753,821 5,852,458 7,472,826 2,740,143 8,874,270 26,693,518
Equity
Special
Revenue Capital Internal Trust and Memorandum
General Fund (Including Debt Service Enterprise
Projects Service Agency Only
State Liquid
Fuels)
REVENUES
Taxes
301.00 Real Estate Taxes 3,905,214 3,905,214
Other: _______________
Special
Revenue Capital Internal Trust and Memorandum
General Fund (Including Debt Service Enterprise
Projects Service Agency Only
State Liquid
Fuels)
REVENUES
Total Interest, Rents and Royalties 48,655 758 12,808 1,918 1,276,714 1,340,853
Federal
351.03 Highways and Streets
351.00 All Other Federal Capital and Operating Grants 292,677 292,677
State
354.03 Highways and Streets
354.00 All Other State Capital and Operating Grants 21,866 21,866
Special
Revenue Capital Internal Trust and Memorandum
General Fund (Including Debt Service Enterprise
Projects Service Agency Only
State Liquid
Fuels)
REVENUES
State
355.09 Marcellus Shale Impact Fee Distribution
355.00 All Other State Shared Revenues and Entitlements 8,830 8,830
363.20 Parking
Special
Revenue Capital Internal Trust and Memorandum
General Fund (Including Debt Service Enterprise
Projects Service Agency Only
State Liquid
Fuels)
REVENUES
Charges for Service
368.00 Airports
369.00 Bars
370.00 Cemeteries
375.00 Markets
389.00 All Other Unclassified Operating Revenues 315 2,900 1 20,759 23,975
Special
Revenue Capital Internal Trust and Memorandum
General Fund (Including Debt Service Enterprise
Projects Service Agency Only
State Liquid
Fuels)
REVENUES
Other Financing Sources
395.00 Refunds of Prior Year Expenditures 179,943 690 12,885 193,518
EXPENDITURES
General Government
400.00 Legislative (Governing) Body 22,202 22,202
Public Safety
410.00 Police 3,463,661 4,255 3,467,916
Special
Revenue Capital Internal Trust and Memorandum
General Fund (Including Debt Service Enterprise
Projects Service Agency Only
State Liquid
Fuels)
EXPENDITURES
Public Safety
416.00 Militia and Armories
427.00 Solid Waste Collection and Disposal (garbage) 858,467 46,260 904,727
Special
Revenue Capital Internal Trust and Memorandum
General Fund (Including Debt Service Enterprise
Projects Service Agency Only
State Liquid
Fuels)
EXPENDITURES
Public Works - Highways and Streets
437.00 Repairs of Tools and Machinery 55,553 55,553
438.00 Maintenance and Repairs of Roads and Bridges 118,403 24,295 142,698
Total Public Works - Highways and Streets 766,227 374,452 401,458 1,542,137
441.00 Cemeteries
444.00 Markets
445.00 Parking
454.00 Parks
Special
Revenue Capital Internal Trust and Memorandum
General Fund (Including Debt Service Enterprise
Projects Service Agency Only
State Liquid
Fuels)
EXPENDITURES
Culture and Recreation
457.00 Civil and Military Celebrations
Community Development
461.00 Conservation of Natural Resources
Debt Service
471.00 Debt Principal (short-term and long-term) 469,467 65,013 715,000 1,249,480
472.00 Debt Interest (short-term and long-term) 25,573 11,112 873,827 910,512
Special
Revenue Capital Internal Trust and Memorandum
General Fund (Including Debt Service Enterprise
Projects Service Agency Only
State Liquid
Fuels)
EXPENDITURES
Employer Paid Benefits and Withholding Items
487.00 Other Group Insurance Benefits
Insurance
486.00 Insurance, Casualty, and Surety
Total Insurance
PENN TWP
December 31, 2013
DEBT STATEMENT
28767$1',1*%21'6$1'127(6
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Purpose %RQG% ,VVXH<HDU 0DWXULW\ Original Outstanding Principal Principal Current Year Outstanding at Plus (less) Total
&DSLWDO/HDVH& \\\\ <HDU Amount of Beginning of Incurred Paid This Accretion on Year End (1) Unamortized Balance
/HDVH5HQWDO/ \\\\ Issue Year (1) This Year Year Compound Interest Premium
1RWH1 Bonds (Discount)
General Obligation Bonds and Notes
GON Series 2006 Note 2006 2016 1,500,000 679,873 0 162,746 0 517,127 0 517,127
GOB Series 2009 Bond 2009 2030 18,190,000 16,795,000 0 715,000 0 16,080,000 0 16,080,000
PA Infrastructure Bank Loan 2012 Note 2012 2023 700,000 0 700,000 65,013 0 634,987 0 634,987
Other
(1) - excludes unamortized premium/discount Total bonds and notes outstanding 17,232,114
Electric
Gas System
Health
Housing
Libraries
Mass Transit
Recreation
Water
Other: _______________
EMPLOYEE COMPENSATION
Total salaries, wages, commissions, etc. paid this year (including all employees and elected officials) 4,219,698