Published July 31, 2025
About This Audit
The independent auditor’s report examines the financial management of the Liquid Fuels Tax Fund for the Borough of Folcroft, Delaware County, Pennsylvania, covering the period from January 1, 2023, to December 31, 2024. The auditor evaluated the Forms MS-965 with adjustments to ensure compliance with standards set forth by the American Institute of Certified Public Accountants and Government Auditing Standards. The report identifies no material weaknesses in the internal control but notes a significant instance of noncompliance: the over-expenditure on a project. Additionally, it highlights recurring issues with the late receipt of allocations. The audit seeks to confirm adherence to regulations governing fund allocation and utilization, particularly related to the maintenance of roads and bridges. The report’s findings and recommendations are communicated to the responsible officials, though it does not express an opinion on compliance with laws. Overall, it finds that fund management aligns with governmental criteria. This is an automated summary. Please rely on the contents included in the released audit report.