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Independent audit clean; Center Tax Agency reports $92M+ EIT collections and refunds to members
Summary
Auditor Meyer, Duessel & Associates issued an unmodified opinion on the Borough's 2024 financial statements and single-audit compliance; the Center Tax Agency reported roughly $92 million in earned-income-tax collections and a 1.44% cost-to-collect ratio.
The Borough's independent auditor told State College Borough Council on May 12 that the 2024 financial statements will receive an unmodified ("clean") opinion and that the single-audit procedures produced no findings.
Dustin Starr of Meyer, Dusailly (presented as Meyer Dusall in the transcript) summarized the audit package, explaining that the borough is subject to single‑audit requirements when federal awards exceed $750,000. He said auditors found no significant deficiencies or material weaknesses, no disagreements with management and no reportable internal-control deficiencies for 2024.
"We are prepared to…
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