RMLD accepts CBIZ audit with unmodified opinion, notes $24M capital spending and pension figures
The Reading Municipal Light Department board accepted CBIZ’s fiscal 2025 audit, which delivered an unmodified opinion, highlighted roughly $24 million in capital spending (mainly a new substation), an $11.1 million net pension liability (pension ~81% funded) and an OPEB trust about 54% funded.
The full story
The Reading Municipal Light Department Board of Commissioners voted to accept the independent audit for the calendar year ending Dec. 31, 2025, after a presentation by auditors from CBIZ CPAs.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
or