Budgets and Audit Reports

Budget

The budget establishes a financial framework for municipal spending during the year and consists of revenue and appropriations.   The annual budget also determines what services the Borough can provide to residents in the upcoming year and it ensures the Borough’s financial obligations are adequately funded (e.g. payroll, essential services, debt service)   Key revenue sources for the Borough are property taxes, licenses, utility fees, state aid, etc.

Audit Reports

The yearly financial audit is an examination of the Borough’s financial records, accounts, business transactions, accounting practices and internal controls.