Borough of Narberth – Montgomery County – Liquid Fuels Tax Fund for the Period January 1, 2022 to December 31, 2023

The independent auditor’s report for the Borough of Narberth’s Liquid Fuels Tax Fund, covering the period from January 1, 2022, to December 31, 2023, evaluates the borough’s compliance with reporting requirements. The audit included examining Forms MS-965 with adjustments and found that the borough generally presented these forms accurately, as per Pennsylvania Department of Transportation standards. However, the audit identified two compliance issues: failure to submit the Final Completion Report for a project and improper deposit of liquid fuels allocation into the general fund. These issues underscore the borough’s need to improve its internal control systems and compliance with legislative requirements. The examination was conducted following American Institute of Certified Public Accountants and Government Auditing Standards, and the results point to a need for corrective actions to ensure adherence to regulations concerning the use of Liquid Fuels Tax Funds. The findings and recommendations aim to enhance financial reporting and compliance.