Press Releases

Press Releases: Report on City of Philadelphia Internal Control FY2017

The Office of the City Controller released the Report on Internal Control and On Compliance and Other Matters Fiscal Year 2017, finding that the City had two material weaknesses and eight significant deficiencies in its internal control over financial reporting. The material weaknesses resulted in $33 million being unaccounted for in the City’s largest cash account and $924 million in undetected material misstatements that occurred in the preparation of the City’s financial reports.

Learn more about this report and how Philadelphia stacks up compared to other cities in this quick guide.

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