PUBLIC NOTICE TOWNSHIP OF WASHINGTON, LEHIGH COUNTY ANNUAL AUDIT AND FINANCIAL REPORT STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - GOVERNMENTAL FUNDS Year Ended December 31, 2019 FUND BALANCE, Beginning $ 2,262,942 REVENUES Taxes 1,370,647 Licenses and permits 120,537 Fines and Forfeits 4,640 Interest, rents and royalties 51,821 State revenue 419,262 Charges for services 55,185 Unclassified operating revenue 26,673 Other Financing Sources 12,806 TOTAL REVENUES 2,061,571 EXPENDITURES Community development 3,000 Culture and recreation 53,560 Debt servce 22.103 Employer paid benefits/withholding items 252,763 General Government 331,095 Health and human service 16,130 Insurance 59,158 Public safety 169,058 Public works - highways and streets 695,207 Public works - sanitation - Unclassified operating expenditures 1,621 Other Financing Uses 14,039 TOTAL EXPENDITURES 1,617,734 FUND BALANCE, Ending $ 2,706,779 BALANCE SHEET - GOVERNMENTAL FUNDS December 31, 2019 ASSETS Cash and Investments $ 2,706,779 TOTAL ASSETS $ 2,706,779 FUND BALANCE Fund Balance 2,706,779 TOTAL LIABILITIES AND FUND BALANCE $ 2,706,779 STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION - SEWER FUND Year Ended December 31, 2019 NET POSITION, Beginning $ 4,213,253 REVENUES Operating revenues 456,752 Nonoperating revenues 172,000 TOTAL REVENUES 628,752 EXPENSES Operating 357,413 Noperating expenses 1,724 TOTAL EXPENSES 359,137 NET POSITION, Ending $ 4,482,868 STATEMENT OF NET POSITION - SEWER FUND December 31, 2019 ASSETS Cash and Investments $ 88,073 Fixed Assts, Net 4,394,795 TOTAL ASSETS $ 4,482,868 NET POSITION Net Position 4,482,868 TOTAL LIABILITIES AND NET POSITION $ 4,482,868 Taxed Assessed Value of the Township: Real Estate Tax: $480,931,300 Outstanding Debt of the Township: No outstanding debt. The audit of accounts have been performed by the Township's Appointed Auditors for the year ended December 31, 2019. The above statements have been compiled from the issued Financial Statements for 2019. The complete audit report is available for inspection at the Township office during normal business hours. June 24