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Finance Department
Overview
The Finance Department is in charge of matters concerning financial accounting, reporting services, payroll, revenue/tax collection, risk management, and parking revenue collection. The Finance Department provides financial services to the Centre Region Council of Governments (COG).
Mission
The mission of the Finance Department is to furnish the highest quality financial and accounting services in the most economical and efficient matter, consistent with the recognized standards and ethics of the governmental finance profession.
Budget & Financial Monitoring
Capital Improvement Plan
Annual Audit
Act 13 Report
Pension Plan Audits
Pension Plan Compliance Reports
Financial Publications
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Act 13 Report
Select the link above to view the Unconventional Gas Well Fund Usage Reports.
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Annual Audit
An independent audit is conducted every year in accordance with the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. This audit is conducted for the purpose of forming opinions on the financial statements that collectively comprise the Borough's financial statements as a whole.
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Budget
The Operating Budget is a numerical reflection of the Borough's goals and objectives for the year. Each year an operating budget is produced in accordance with Section 904 of the Charter.
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Capital Improvement Plan
The five-year Capital Improvement Plan (CIP) is a collection of projects that meet the threshold of cost and scope established for the Capital Budget. Generally, the CIP includes only those items having a value of $25,000 or higher and an estimated life of six years or longer.
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Financial Trend Monitoring Report
The Financial Trend Monitoring Report is an analysis of the governments financial condition or the government's ability to maintain existing service levels, withstand local and regional economic disruptions and meet the demands of natural growth, decline and change. The report presents the Borough's financial trend data for 10 years.
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5-Year Financial Projection
This multi-year financial forecast projects revenues and expenditures of the Borough’s General Fund. It is offered as Council gives consideration to the impacts that near-term budgetary decisions and policies will have on the Borough’s long-term financial health and performance.
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IDA Audit
Audit of the financial statements of the State College Borough Industrial and Commercial Development Authority (Authority) Administrative Fund.
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Pension Compliance Reports
Audits and Compliance Forms for the Borough's General Government Employee and Police Pension Plans.
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Quarterly Financial Reports
View the Quarterly Financial Reports.