February 9, 2016

Senate, House Had $100.3 Million Reserve As Of June 2015

The bicameral, bipartisan Legislative Audit Advisory Commission, chaired by Rep. Mark Keller (R-Perry), Tuesday voted to accept the audit report of the Pennsylvania General Assembly’s finances for the 2014-15 fiscal year as conducted by an independent certified public accounting firm.
Without taking into account the spending reductions created by the recent budget impasse, the annual audit of the various legislative departments and legislative service agencies revealed a reserve of $100,374,253, as of June 30, 2015.
“As was the case during the current and last fiscal years, maintaining an adequate reserve ensures the General Assembly will remain functional during periods of budget uncertainty,” said Keller. “The numbers in this audit are seven months out-of-date and are now much lower than reported because of the continued need to draw from the reserve funds.”
“The commission continues its policy of being fully open and transparent regarding the findings of the annual audit. The 2015 audit and report, along with audits and reports from the previous eight fiscal years, are fully accessible to the public and news media online,” added Rep. Keller.
Below is a breakdown of the June 30, 2015, reserves included in the audit:
-- Senate – $18,528,327.
-- House of Representatives – $45,861,156.
-- Legislative Reference Bureau – $7,626,544.
-- Legislative Budget and Finance Committee – $1,244,926.
-- Legislative Data Processing Committee – $13,099,254.
-- Joint State Government Commission – $338,305.
-- Local Government Commission – $463,791.
-- Legislative Air and Water Pollution Control Commission – $325,259.
-- LAAC – $104,650.
-- Independent Regulatory Review Commission – $1,251,844.
-- Capitol Preservation Committee – $3,316,970.
-- Independent Fiscal Office – $2,342,384.
-- Pennsylvania Legislative Reapportionment Commission – $1,441,999.
-- Commonwealth Mail Processing Center – $3,676,585.
-- Center for Rural Pennsylvania – $752,259.
A copy of the audit is available online.
The audit was carried out by Boyer and Ritter LLC, of Camp Hill.