The preparation, submission, adoption and amendment of the annual budget shall be in accordance with §§
C-703 and
C-704 of the Charter, as amended.
The preparation, submission and adoption of the capital program and capital budget shall be in accordance with §
C-705 of the Charter.
The classification of accounts and codes to be used and followed
in all financial plans, budgets and financial reports shall be in
conformity with the financial reporting requirements of the Pennsylvania
Department of Community and Economic Development.
The Finance Director shall prepare the preliminary financial
year-end reports of the Township within 45 days following the end
of the fiscal year. The annual financial statements of the Township
shall be audited and prepared by an independent certified public accountant
within three months following the end of the year, including a combined
balance sheet for all funds.
The Finance Director shall have authority to invest, redeem
and reinvest funds available but not immediately required for Township
operations within the limits of programs previously approved by the
Board of Commissioners. Such investments shall be made only in securities
backed by the full faith and credit of the United States government,
by the Federal Deposit Insurance Corporation or by the Federal Savings
and Loan Insurance Corporation or by the pledges of assets of the
type and valuation as provided by law. Temporary investments may also
be made in bank certificates of deposit supported by fully pledged
collateral and repurchase agreements for the United States government
or other allowable securities. It shall be the responsibility of the
Finance Director to maximize investment revenues consistent with applicable
laws and minimum investment risk.
The Township Manager shall authorize the Finance Director to
supervise the disposal of unneeded, obsolete or surplus equipment
with a sale value of less than $1,000 in the manner most beneficial
to the Township. Sale of equipment with a sale value of more than
$1,000 shall be sold in accordance with the First Class Township Code.
The Township Manager, prior to any disposal, shall submit to the Board
of Commissioners for its information a list of all equipment being
disposed.
As required by §
C-710 of the Charter and in accordance with §
4-212 of the Administrative Code, an annual audit shall be provided in accordance with generally accepted auditing standards for the purpose of expressing an opinion as to the fairness of the Township financial statements. The financial statements shall be prepared in accordance with generally accepted accounting principles as defined in the American Institute of Certified Public Accountants audit guide, Audits of State and Local Governmental Units, and as may be amended from time to time.
In accordance with §
C-711 of the Charter, the Township Manager shall specify those officers and employees who shall file individual surety company bonds with the Township. All other officers and employees shall be covered by a public employees' blanket bond. The amounts and coverage of such bonds shall be as prescribed by the Township Manager, subject to the approval of the Board of Commissioners.