NOTICE
Commonwealth of Pennsylvania
Clearfield County
Township of Penn
2024 AUDITOR’S REPORT
General Fund
Cash balance, January 1, 2024 $342,692
Revenues and Other Financing Sources:
Taxes $ 216,560
Licenses and permits 11,608
Fines 2,526
Interest and rents 1,695
Intergovernmental revenues 333,151
`Proceeds from general long-term debt 35,000
Interfund operating transfers 7,007
Miscellaneous 2,638 610,185
$952,877
Expenditures:
General government $45,669
Public safety 25,190
Public works – highways 317,740
Employee taxes and benefits 52,249
Insurance 13,027
Equipment purchases 199,196
Miscellaneous 2,662
Debt service 18,434 674,167
Cash balance, December 31, 2024 278,710
$952,877
State Liquid Fuels Fund
Cash balance, January 1, 2024 $43,883
Revenues and Other Financing Sources:
Interest $48
Liquid fuels allocation 143,116 143,164
$187,047
Expenditures:
Highway maintenance $91,778
Debt Service 59,506 $151,284
Cash balance, December 31, 2024 35,763
$187,047
Capital Projects Fund
Cash balance, January 1, 2024 $9,780
Revenues and Other Financing Sources:
Act 13 Impact fee $5,203
Interest 4 5,207
$14,987
Expenditures
Interfund operating transfers 7,007
Cash balance, December 31, 2024 7,980
$14,987
NOTE: This financial statement is not intended to present the financial position and results of operations of Township of Penn in conformity with generally accepted accounting principles. The complete audit report is available for inspection at the Township office.
Joseph M. Lazore, CPA
11/14/2025