Auditor issues clean opinion; township reports multi‑million dollar reserves
Summary
An outside auditor told Tinicum Township supervisors the 2025 DCED audit earns an unmodified (clean) opinion and detailed fund balances, capital reserves and a long‑term debt figure. The board heard the findings and accepted the report.
Todd Joseph, a CPA from MVA, presented the township's 2025 Department of Community and Economic Development audit and told supervisors the firm was issuing "an unmodified opinion," meaning a clean audit report.
Joseph walked the board through the report's main figures, saying the general fund aggregates to about $3,000,000 for governmental activities and noting special‑revenue balances that include roughly $400,000 available in liquid fuels for roadwork, about $20,000 in the EMS fund and roughly $1,005,000 set aside for open‑space preservation. He said the capital projects fund aggregates to approximately $4,000,000, with about $1,000,000 available for appropriation and $3,000,000 reserved for the Headquarters Road bridge project. Joseph also reported long‑term outstanding debt of about $4,900,000.
The auditor said internal controls and financial operations are sufficient "given the scope of your operations and the number of folks you have," and that no audit adjustments were proposed. The board thanked township staff for their work and accepted the presentation; the auditor offered to answer further questions after the meeting.
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