Borough of Frankfort Springs – Beaver County – Liquid Fuels Tax Fund for the Period January 1, 2023 to December 31, 2023

The Independent Auditor’s Report for the Borough of Frankfort Springs, Beaver County, Pennsylvania, relates to an examination of the Liquid Fuels Tax Fund for the year 2023. The auditors assessed the Form MS-965 With Adjustments to ensure it complied with criteria from the Department of Transportation’s Publication 9 and other relevant standards. The audit, conducted per attestation standards by the American Institute of Certified Public Accountants and the Comptroller General of the United States, found that one allocation of $2,900.15 was not received by the examination closeout. Ultimately, with the noted exception, the form was deemed to meet regulatory requirements. The report highlights the necessity for proper internal controls and compliance with regulations to avoid material misstatements. The Department of Transportation oversees these funds, ensuring they are correctly allocated and spent for local infrastructure maintenance. If municipalities fail to comply, they may not receive future allocations until discrepancies are resolved.