As of December 31, 2025, the total reported active deposits across various banks amount to negative $677,954,852.46, due to several outstanding checks not yet funded. Time deposits total $21,765,500, and the State Workers’ Insurance Fund (SWIF) holds deposits totaling $1,400,000. The total of all deposits is listed as negative $654,789,352.46. The six-month time deposits include […]
As of September 30, 2025, the total active deposits amount to ($250,202,792.34), with contributions from various banks, such as Wells Fargo Bank in Philadelphia and PNC Bank in Pittsburgh, noting that individual negative balances are pending checks. The total time deposits are $21,765,500.00, held across multiple banks including ACNB Gettysburg and AmerisServ Financial Johnstown. State […]
The document details various financial deposits and fund balances as of June 30, 2025. Active deposits show a negative balance of $276,764,813.06, which includes individual negative balances that represent outstanding checks not yet funded. Total time deposits amount to $21,765,500, while the State Workers’ Insurance Fund holds $1,400,000 in deposits. Six-month time deposits from a […]
The financial audit report for the State Workers’ Insurance Fund (SWIF) of Pennsylvania covers the fiscal years ending December 31, 2023, and 2024. SWIF is a self-sustaining entity within the Pennsylvania Department of Labor and Industry, providing workers’ compensation insurance. The fund experienced an increase in admitted assets, which grew by $10 million to $1.303 […]
The Pennsylvania Liquor Control Board (PLCB) is responsible for the regulation of alcoholic beverages in Pennsylvania, overseeing retail and wholesale operations through Fine Wine & Good Spirits stores and other facilities. The PLCB manages the State Stores Fund, generating significant revenue, and the Liquor License Fund, a special revenue fund for liquor license fees. Recent […]
The INVEST Program for Local Governments is a diversified investment initiative by the Commonwealth of Pennsylvania’s Treasury Department, aimed at providing local governments and certain non-profit entities with a secure, low-cost, and liquid investment mechanism. It encompasses two main pools: the INVEST Daily Pool and the INVEST Community Pool, both of which have no specific […]
As of March 31, 2025, the total active deposits amounted to ($245,506,685.95), with negative balances indicating checks pending funding until presented for payment. Total time deposits were $21,765,500.00, and SWIF deposits were $1,400,000.00, leading to a net total of ($222,341,185.95). Six-month time deposits were also detailed, totaling $21,765,500.00 across various banks. Additionally, the State Workers’ […]
As of December 31, 2024, total active deposits amounted to $615,588,938.38, with individual negative balances representing outstanding checks. Total time deposits stood at $21,765,500 across various banks, while the State Workers’ Insurance Fund deposits totaled $1,400,000. When combined, the total deposits equaled a negative balance of $592,423,438.38. The Commonwealth’s funds included significant balances in the […]
The State Workers’ Insurance Fund (SWIF) provides workers’ compensation insurance in Pennsylvania, especially for employers denied by private insurers. A board comprising the Secretary of Labor and Industry, the State Treasurer, and the Insurance Commissioner oversees SWIF operations. For the fiscal years ending December 31, 2022, and 2023, SWIF’s admitted assets decreased by $38 million. […]
The Pennsylvania Liquor Control Board (PLCB) oversees the sale and distribution of alcohol within the state, as detailed in their financial audit for fiscal years ending June 30, 2024 and 2023. The PLCB generated gross sales of $3.2 billion in 2023-24, contributing significantly to state revenue through liquor and sales taxes. Key responsibilities include managing […]