Auditor Brown Plus gives Palmyra Borough an unmodified opinion on 2024 financial statements

Palmyra Borough Council heard a presentation of Brown Plus’s audit of the borough’s 2024 financial statements on Tuesday, when Scott Henry of Brown Plus said auditors issued an unmodified opinion indicating the statements were materially correct under generally accepted accounting principles. The audit presentation summarized government-wide and fund-level results, identified major capital spending and transfers tied to the newly formed Western Lebanon County Regional Police Department, and described pension valuation timing and new Governmental Accounting Standards Board (GASB) disclosures. Henry told the council that total assets decreased by about $1.5 million in 2024, primarily from capital purchases and use of ARPA funds, and that total liabilities fell about $2.2…