Audit of Millcreek 2023 financial statements finds fund balance errors
- An audit of Millcreek Township’s 2023 finances revealed accounting errors including improperly recorded fund transfers.
- The township’s trial balance was also found to be incorrect due to issues with closing out net income at the end of 2022.
- Corrective actions include implementing new accounting procedures, monthly account reconciliation, and a year-end review process to ensure accurate financial reporting.
Millcreek Township has agreed to correct accounting issues found in a recent audit of the township’s 2023 financial statements.
The audit by Zelenkofske Axelrod LLC of Pittsburgh found that some township fund totals did not balance by “material amounts” because transfers between funds were not properly recorded. Also, expenses and revenues for capital projects were not recorded in the fund in which the expense or revenue occurred.
Auditors also found that the township’s trial balance — the report on the ending balance of the township’s general fund, sewer fund, and other funds — was incorrect, also by “material amounts,” because net income was not properly closed out at the end of 2022.
The township additionally failed to enter corrections provided by auditors the year prior, according to findings summarized for township supervisors last week by auditor George Jurcevich.
Accounting changes
The township will record fund transfers and capital project revenues and expenditures in the appropriate accounts and will reconcile accounts monthly, according to a corrective action plan prepared by township treasurer Melanne Page.
Also, a new year-end review process will be launched to make sure that net income is properly closed out. And corrections presented by auditors will be reviewed and posted in financial statements in a timely manner.
Those actions will resolve the accounting issues, Jurcevich said.
“We do believe they are appropriate, adequate and if carried out would in fact resolve the audit findings,” Jurcevich said.
Page was assistant township treasurer in 2023. She was appointed treasurer last May, replacing Mark Zaksheske.
Zaksheske had been township treasurer since July 2015 but was not reappointed in January 2024 due to undisclosed personnel issues. He later was placed on unpaid administrative leave until July 13, 2025, by terms of a separation agreement with the township.
Some members of the public charged that Zaksheske was not reappointed in retribution for his public criticism of the $7.2 million purchase of West Eighth Street properties by the Millcreek Township General Authority in January 2023.
Kim Clear, chairperson of Millcreek’s board of supervisors in 2024, said that was not the case.
“I unequivocally say this is not retribution for comments that he made publicly about Eighth Street,” Clear said last year.
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Contact Valerie Myers at [email protected].
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