Munhall Awaiting Decision On Loan Amid Fiscal Turmoil

Map of Allegheny County, Pennsylvania, United ...

Map of Allegheny County, Pennsylvania, United States with township and municipal boundaries (Photo credit: Wikipedia)

By today’s end, Munhall officials expect to know if private financing for a tax anticipation loan will be available to the borough, averting the need for layoffs of police and public works employees.

Council was forced in recent weeks to advertise for private financing after it could not get a regular bank loan because the borough did not have its annual audits for 2011 and 2012 performed by an independent auditor and filed with the state Department of Community and Economic Development.

That revelation is one of a number of surprises that council members say they’ve faced since Matt Galla abruptly resigned as borough manager June 17. The other surprises include the fact that appropriate pension contributions were not made to employee pension plans in 2011 and 2012, that many borough records, including employees’ salary histories, are gone from the borough offices, and that the borough lost $360,000 in regional asset district funds.

Since June, two interim managers and a certified public accountant have been trying to reconstruct the borough’s records. That reconstruction has shown that Mr. Galla may have paid himself more than his approved $60,000 salary.

Read more: http://www.post-gazette.com/local/south/2014/02/10/Munhall-awaiting-decision-on-loan-amid-fiscal-turmoil/stories/201402100093#ixzz2swAw1oXw

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Reading School District Short Millions; Lawmakers Want Audit

Officials in the Reading School District announced the discovery of an accounting error that has left the district short more than $15 million.

Board President Robert F. Heebner Jr. said revenues for the 2010-11 school year were overstated by about $15.6 million. Heebner said it is still unclear which revenues were misstated.

That number could change, he said, as the district is still working on digging up all the facts about the incident.

The mistake was missed in audits of the district last year but popped onto the radar during an audit of the 2011-12 school year, which is taking place now.

Read more:  http://readingeagle.com/article.aspx?id=441680