Borough of Oswayo – Potter County – Audit Period January 1, 2020 to December 31, 2023

The auditor examined the Liquid Fuels Tax Fund Forms MS-965 of the Borough of Oswayo, covering January 1, 2020, to December 31, 2023. Conducted according to established attestation and government auditing standards, the examination identified that $1,782.50 was spent in 2021 without the Department of Transportation’s approval. Despite this issue, which was highlighted as Finding No. 1, the forms were largely accurate concerning the stated criteria. The audit aimed to verify compliance with the Liquid Fuels Tax Municipal Allocation Law and Department of Transportation’s guidelines, yet did not assess internal control or compliance in a broader sense. Consequently, while no material weaknesses were identified, the audit noted both the unauthorized expenditure and a late receipt of allocation as areas of concern. This report sought to evaluate fund usage, enhancing financial oversight, while acknowledging the municipality’s cooperation during the process.