Published March 18, 2025
About This Audit
An independent auditor’s report examines the Liquid Fuels Tax Fund for the Borough of Valencia, Butler County, Pennsylvania, covering January 1, 2021 to December 31, 2023. The examination, conducted according to American Institute of Certified Public Accountants and Government Auditing Standards, evaluates the accuracy of Forms MS-965 With Adjustments. These documents were found to meet the Pennsylvania Department of Transportation criteria in all material respects. The report ensures the municipal fund aligns with the Liquid Fuels Tax Municipal Allocation Law, which mandates allocations based on local road mileage and population. The Department of Transportation manages these funds, requiring annual reports and compliance with regulations. The audit detected no material weaknesses or significant deficiencies in internal controls but did not test compliance as a primary objective. Overall, the report concludes the Liquid Fuels Tax Fund expenditures are appropriately managed according to Pennsylvania’s regulations.