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Springettsbury Township Receives Clean 2025 Audit; Board Acknowledges Financial Statements
Summary
Auditors from Zelakovsky Axelrod issued an unmodified (clean) opinion on Springettsbury Township's 2025 financial statements; the board acknowledged receipt and was told of modest internal-control findings tied to a recent accounting-system transition.
Auditors from Zelakovsky Axelrod presented Springettsbury Township’s 2025 financial statement audit and the board of supervisors voted to acknowledge receipt of the reports.
Derek Schrader, an auditor with Zelakovsky Axelrod, told the board the audit was completed and the township received an "unmodified clean opinion," the highest level of assurance under U.S. GAAP. "We issued them today," he said, noting that the development authority report was also issued on time.
The auditors said combined governmentwide net position increased to about $85.3 million for 2025. Schrader summarized that governmental activities net position was roughly $38.44 million and the sewer (business-type) activities net position was about $46.9 million. General fund revenues totaled $18.8 million (slightly below the prior year's ~$19.1 million) and general fund expenditures were about $17.8 million, leaving an ending general fund balance of $13.4 million (unassigned $12.2 million), roughly six to eight months of typical expenditures.
On the sewer side, auditors reported operating revenues of $11.8 million and operating expenses near $9.8 million, with additional capital contributions of about $1 million and investment income of $554,000. They also disclosed a beginning-balance restatement to correct accumulated-depreciation errors identified in the prior auditor's records.
Auditor Kayla Key described several internal-control items included in a separate memo. "There were a couple items that we noted for internal controls," she said, citing missed journal entries (including taxes and ARPA funding) and limited documentation for some journal-entry support. She and the team attributed many issues to the township’s recent transition to the Caselle accounting system and said they expect those matters to be addressed during the coming year.
Board members thanked the audit team for timely filings — including the DCED report — and for completing the financial statements by June 1. The board moved to acknowledge receipt of the financial statements; the motion was seconded and carried on a voice vote.
The auditors said there were no disagreements with management. The township indicated it will work to implement the auditors’ recommendations to strengthen controls and documentation ahead of the next audit cycle.
