Township of Limerick – Montgomery County – Liquid Fuels Tax Fund for the Period January 1, 2023 to December 31, 2023

The Township of Limerick’s Liquid Fuels Tax Fund was audited for 2023. The Independent Auditor’s Report, addressed to Pennsylvania’s Department of Transportation, evaluated the Form MS-965 with adjustments and found it accurately presented the required information with one exception. The municipality spent over $1.1 million on a project but failed to submit a Final Completion Report, a noncompliance instance noted by auditors. The audit followed the standards set by the American Institute of Certified Public Accountants and Government Auditing Standards. The audit did not find any material weaknesses in internal control but reminded that such deficiencies might exist undetected. Additionally, the report emphasized the importance of complying with financial regulations that govern the Liquid Fuels Tax Fund, including reporting requirements and proper fund management to avoid future issues. The audit’s purpose was to ensure fund usage compliance, and it offered appreciation for the township’s cooperation.