An Act amending Titles 8 (Boroughs and Incorporated Towns) and 11 (Cities) of the Pennsylvania Consolidated Statutes, in powers and duties of elected officials, further providing for completion, filing and publication of auditor's report and financial statement; and, in accounts and finances, further providing for annual reports, publication, filing report with Department of Community and Economic Development and penalty.

HB 1787 amends Pennsylvania laws governing financial reporting for boroughs and cities. It requires local elected officials to complete, file, and publish annual auditor's reports and financial statements, and mandates that these reports be submitted to the Department of Community and Economic Development. The bill also establishes penalties for failure to meet these reporting deadlines. These changes directly affect borough and city governments across Pennsylvania by increasing transparency requirements for their financial operations.