Published June 3, 2025
About This Audit
An independent audit was conducted on the Liquid Fuels Tax Fund form (Form MS-965 With Adjustments) for the Borough of Port Matilda in Centre County, Pennsylvania, for the year 2024. The audit followed standards from the American Institute of Certified Public Accountants and Government Auditing Standards, aiming to ensure the form is presented according to the Pennsylvania Department of Transportation’s criteria. The audit found that the form accurately reflected required information, with no material misstatements detected. The Liquid Fuels Tax Fund provides municipalities with funds for maintaining roads and bridges, allocated based on local road mileage and population. The audit confirmed compliance with legal requirements, emphasizing that municipalities must carefully manage and report their fund’s transactions to continue receiving allocations. No significant deficiencies in internal controls were identified during this audit. The report concludes the funds were properly accounted for according to the outlined regulations and guidelines.