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Brown Plus issues unmodified opinion on Lititz Borough’s 2025 audit; Council accepts report
Summary
Auditor Scott Henry of Brown Plus presented an unmodified opinion on the Borough’s 2025 financial statements, noting improved pension position, decreased liabilities, a combined governmental fund balance of $9.9 million with $3.7 million unassigned, and an actual General Fund loss of about $20,000 versus a $900,000 budgeted loss; Council voted to approve the audit.
Brown Plus presented Lititz Borough’s 2025 financial audit at the May 26 Council meeting and issued an unmodified opinion that the financial statements are materially correct and in accordance with generally accepted accounting principles.
Scott Henry reviewed audit highlights, saying the police pension moved to a net asset position and noting decreases in liabilities (current liabilities down approximately $865,000; noncurrent liabilities down about $1.2 million, attributed to scheduled debt payments and positive pension investment returns). Henry reported a government activity net position of $9.4 million and business‑type activity net position of $29.3 million. Combined governmental fund balance totaled $9.9 million at year end, with $3.7 million unassigned. Government activity revenue decreased roughly 2 percent (cited as lower usage and lower investment returns), while expenses increased about 2 percent. Henry also stated the General Fund realized an actual loss of approximately $20,000, compared with a $900,000 budgeted loss.
When asked by Councilmember Meck whether the Borough faces financial challenges, Henry said none were evident at the time but cautioned that rising costs affect municipalities generally and recommended maintaining the capital asset schedule to plan for replacement costs. Following the presentation, Carpenter moved and Gattis seconded to approve the 2025 audit; Council voted unanimously to accept the report.
The minutes do not include the full audit report or supporting schedules; Council’s approval authorizes the Borough to finalize required filings and DCED reporting noted by the auditor.
