NOTICE OF AUDIT STATE COLLEGE BOROUGH AUTHORITY, CENTRE COUNTY CONCISE FINANCIAL STATE- MENTS FOR PUBLICATION December 31, 2025 In accordance with 53 Pa.C.S. Section 5612 of the Municipal Authorities Act 22 of 2001 of the Common- wealth of Pennsylvania, the following concise financial statements present the financial position of State College Borough Authority as of December 31, 2025, and the result of its operations for the year then ended. The complete financial statement of the Authority, together with the independent auditor’s report, is on file and available for inspection at the Authority’s office. Current Assets Total current assets $ 35,354,931 Noncurrent Assets Capital assets, net of accumulated depreciation 103,135,840 Nondepreciable capital assets 2,234,631 Net pension asset 2,792,272 Investments 13,623,898 Restricted investments 3,364,734 Total noncurrent assets 125,151,375 Total assets 160,506,306 Deferred Outflows of Resources Total deferred outflows of resource 1,938,388 Total assets and deferred outflows of resources $ 162,444,694 Liabilities Total current liabilities $ 3,005,548 Total noncurrent liabilities 18,658,655 Total liabilities 21,664,203 Deferred Inflows of Resources Total deferred inflows of resources 2,804,019 Net position 137,976,472 Total liabilities and net position $ 162,444,694 Operating Revenues Total operating revenues $ 13,243,769 Total operating expenses (9,202,786) Operating income 4,040,983 Nonoperating Revenues (Expenses) New connection fees 1,760,067 Interest expense (261,754) Investment gain 1,773,910 Gain on sale of fixed assets 21,000 Total nonoperating revenues, net 3,293,223 Change in net position 7,334,206 Net Position - Beginning 130,642,266 Net Position - Ending $ 137,976,472