(a) Annual report.--The chief fiscal officer shall make a report, verified by oath or affirmation to council at a stated meeting in April of each year, of the public accounts of the city and of the trusts in its care for the preceding fiscal year, exhibiting all of the expenditures of the accounts, respectively, and the sources from which the revenue and funds are derived and in what measures the revenue and funds have been disbursed. Each account shall be accompanied by a statement detailing all of the following:
(1) The appropriations made by council.
(2) The amount drawn and encumbered on each appropriation.
(3) The unencumbered balance outstanding to the debit or credit of the appropriation at the close of the fiscal year.
(b) Publication.--
(1) The report shall be accompanied by a concise financial statement setting forth all of the following:
(i) The balance in the treasury at the beginning of the fiscal year.
(ii) All revenues received during the fiscal year, by major classifications.
(iii) All expenditures made during the fiscal year, by major functions.
(iv) The current resources and liabilities of the city at the end of the fiscal year.
(v) The gross liability and the net debt of the city.
(vi) The amount of the assessed valuation of the taxable property in the city.
(vii) The assets of the city.
(viii) The character and value of the assets.
(ix) The date of the last maturity of the respective forms of funded debt.
(x) The assets in each sinking fund.
(2) The concise financial information approved by the independent auditor and consistent with the audited financial statements for total assets, total liabilities and total net position at the end of the fiscal year and total revenue, total expenses and changes in total net position for that fiscal year and a reference to a place within the city where copies of the financial statements and accompanying auditor's report may be examined shall be published in a newspaper of general circulation as required by section 10109 (relating to publication of notices) at least 10 days prior to the April meeting scheduled pursuant to subsection (a). If the full financial statements and accompanying auditor's report are not published, copies shall be supplied to the publishing newspaper when the request for publication is submitted.
(3) Before the report or statement is made or the concise financial information is published, it shall be approved by the independent auditor, who may approve it, subject to exceptions. Council may cause the statement to be printed in pamphlet form in addition to the publications made.
(c) Filing.--The chief fiscal officer shall annually report the financial condition of the city to the Department of Community and Economic Development within 90 days after the close of the fiscal year. The report shall be signed and duly verified by the oath of the chief fiscal officer and approved by the independent auditor, as provided above. Any chief fiscal officer appointed by the city refusing or willfully neglecting to file the report shall, upon conviction in a summary proceeding brought by the Department of Community and Economic Development, be sentenced to pay a fine of $5 for each day delayed beyond 90 days and costs. All fines recovered shall be for use by the Commonwealth.
(d) Form.--The report to the Department of Community and Economic Development shall be presented in a form as provided for in section 11813 (relating to committee to prepare uniform forms).
(Oct. 24, 2018, P.L.876, No.135, eff. 60 days)
2018 Amendment. Act 135 amended subsec. (b)(2) and (3).