Published January 28, 2025
About This Audit
An independent auditor conducted an examination of the Borough of Philipsburg’s Liquid Fuels Tax Fund, covering the period from January 1, 2022, to December 31, 2023. The audit, carried out in compliance with American Institute of Certified Public Accountants’ attestation standards and Government Auditing Standards, involved reviewing Forms MS-965 With Adjustments to assess compliance with the Pennsylvania Department of Transportation’s regulations. The audit aimed to ensure that funds were managed according to the criteria set in the relevant laws and Publications. The auditor found the Forms MS-965 to accurately reflect the borough’s financial activities regarding the Liquid Fuels Tax Fund. There were no significant deficiencies or material weaknesses identified in internal controls, nor were any instances of noncompliance noted that needed reporting under Government Auditing Standards. The report’s primary purpose was to evaluate fund usage compliance, confirming that the expenditures were appropriate under the law.