Audit offers insight into Pennsylvania township's fixed asset holdings
May 15, 2012
Rye Township, Pennsylvania, recently received a positive review on its yearly audit, the Perry County Times reports.
The value of the township's fixed assets
was found to have risen by $58,000, thanks to the acquisition of a new dump truck, while the sale of its garbage truck resulted in a revenue increase of $31,000 for its solid waste fund. Instead of operating its own garbage truck, the township now outsources the physical collection of residential waste to a local contractor.
CPA Jessica Mihalov, who conducted the audit alongside her colleague, Craig Witmer, delivered the findings at a township board meeting last month, according to the news source. Mihalov also noted that the jettisoning of the township's police department contributed to the value of its cash and current assets increasing by $81,000 last year.
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