The Levittown Fire Co. #1 Firemen’s Relief Association – Bucks County – Audit Period January 1, 2020 to December 31, 2023

A Limited Procedures Engagement (LPE) was conducted on Levittown Fire Co. #1 Firemen’s Relief Association for the period from January 1, 2020, to December 31, 2023. The engagement aimed to verify authorized expenditure of funds and proper deposit of state aid in compliance with Pennsylvania’s VFRA Act and Act 205 of 1984. The review included examining the association’s financial records, testing expenditure transactions totaling $413,736, and confirming state aid deposits. Difficulties arose in obtaining independent verification for some cash and investment balances. However, no unauthorized fund use or inappropriate deposits were noted generally. Total expenditures amounted to $672,901, distributed among benefit services, fire services, and administrative services. The report encourages maintaining comprehensive documentation and acknowledges the association’s cooperation during the process. Financial records revealed a cash balance of $177,052 and investments of $708,059 as of the end of 2023. This detailed review highlights financial accountability efforts