Township of Leet 2025 Audit

Township of Leet 2025 Audit LEET TOWNSHIP ALLEGHENY COUNTY, PENNSYLVANIA COMBINED BALANCE SHEET - ALL FUNDS DECEMBER 31, 2025 Cash and Investments ASSETS $ 768,235 Cash and Investments - Restricted for Pensions 2,459,074 Other Current Assets 223,316 Total Assets Liabilities: LIABILITIES AND FUND EQUITY $ 3,450,625 Current Liabilities $ 146,876 Long-Term Liabilities 195,605 Total Liabilities $ 342,481 Fund Equity: Fund Balance $ 649,070 Fund Balance - Restricted for Pensions 2,459,074 Total Fund Equity Total Liabilities and Fund Equity $ 3,108,144 $ 3,450,625 COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - ALL FUNDS FOR THE YEAR ENDED DECEMBER 31, 2025 Revenue and Other Financing Sources Taxes $ 1,563,880 Licenses and Permits 41,403 Fines and Forfeitures 9,574 Interest and Rents 11,728 Intergovernmental 154,891 Charges for Services 19,326 Miscellaneous 423,442 Other Financing Sources 221,163 Total Revenue and Other Financing Sources $ 2,445,407 Expenditures and Other Financing Uses General Government $ 262,679 Public Safety 926,538 Public Works 406,637 Culture and Recreation 73,248 Debt Service 199,818 Insurance/Benefits 19,997 Miscellaneous 251,853 Other Financing Uses 86,257 Total Expenditures and Other Financing Uses Excess Revenue & Other Financing Sources Over (Under) Expenditures and Other Financing Uses $ 2,227,027 $ 218,380 FUND BALANCE - JANUARY 1, 2025 2,889,762 Prior Period Adjustment - FUND BALANCE - DECEMBER 31, 2025 $ 3,108,142 GENERAL OBLIGATION NOTES AND LEASES OUTSTANDING 12/31/2025 $ 136,455 ASSESSED VALUATION The assessed valuation of the taxable property in Leet Township for the year ended December 31, 2025 was $120,957,600 NOTICE OF AUDITOR'S REPORT OF LEET TOWNSHIP The above concise financial statements were prepared to comply with the Township Code and consequently do not conform to generally accepted accounting principles. A complete copy of the 2025 Annual Audit and Financial Report is available for public review at the Township office. May 26 2026 LSOM0524027