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

The audit report examines the handling of the Liquid Fuels Tax Fund by the Borough of Smithfield, Fayette County, for the period January 1, 2022, to December 31, 2023. The responsibility of the municipality’s management is to present Forms MS-965 according to the Department of Transportation’s guidelines. The examination was conducted following attestation and Government Auditing Standards, designed to ensure the accuracy of the municipality’s financial statements concerning this fund. The report found that the forms presented met the required criteria and identified no material weaknesses in internal controls or instances of noncompliance. Criteria for the Form MS-965 includes summaries of expenditures by category, fund balance information, and requirements for state fund allocations. Overall, the Borough of Smithfield complied with the regulations concerning the management of the Liquid Fuels Tax Fund, as required by the Department of Transportation Publication 9 and related legislation.