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Bridgeport accepts 2024 audit; borough posts a surplus and no single-audit findings
Summary
Independent auditor Carl Hogan of CLA presented the Borough's 2024 annual audit, reporting a positive operating surplus, transfers to the capital projects fund and no audit findings related to federal awards; council voted to accept the audit report.
The Bridgeport Borough Council accepted the borough’s annual financial audit for the year ended Dec. 31, 2024, after a presentation by Carl Hogan of CLA.
Hogan told council the independent auditors concluded the financial statements were fairly presented. He reported that Bridgeport posted better-than-budgeted revenues in 2024, driven in part by River Point development activity and higher-than-anticipated realty transfer and earned-income taxes. For the year he cited approximate figures presented by staff and…
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