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Township audit returns clean opinion; finances described as ‘sound’
Summary
Tinicum Township’s 2025 DCED audit received an unmodified (clean) opinion, with auditors noting solid fund balances, roughly $3 million in the general fund and about $4 million in capital reserves; no audit adjustments were proposed.
The Tinicum Township Board of Supervisors heard on May 5 that the township’s 2025 audit produced an unmodified (clean) opinion.
Todd Joseph, a CPA with MVA, told the board the township’s financial statements are in sound condition and that internal controls are sufficient for the size and scope of township operations. Joseph said the general fund aggregates to about $3 million and capital projects reserves total roughly $4 million, including about $3 million earmarked for the Headquarters Road bridge project.
Joseph said auditors proposed no audit adjustments and called the report “clean and complete,” noting approximately $400,000 of liquid fuels and special‑revenue balances (including about $1.5 million set aside for open‑space preservation). He flagged a longstanding debt balance of roughly $4.9 million that is being steadily paid down.
Joseph recommended the board consider presenting more granular fund breakdowns in future DCED reports so internal officials and readers better understand individual fund activity rather than highly aggregated totals.
Manager Judith Denko and the board thanked Joseph and the township staff for the work that produced the positive audit result.
