Published September 19, 2025
About This Audit
The Independent Auditor’s Report examines Form MS-965 With Adjustments for the Liquid Fuels Tax Fund of the Borough of Fredonia, Mercer County, covering January 1, 2024, to December 31, 2024. This form complies with the Pennsylvania Department of Transportation’s criteria and is reviewed under standards from the American Institute of Certified Public Accountants and Government Auditing Standards. The review process includes examining evidence, assessing risks, and ensuring compliance with legal criteria. The report confirms that the borough’s financial activities are appropriately documented, helping the Pennsylvania Department of Transportation manage the fund as per Act 655. It details liquid fuels tax allocations, fund balances, expenditures, and compliance requirements for receiving state funds. This report assures that Fredonia’s use of state funds aligns with required guidelines, aiding in the maintenance and repair of local infrastructure. This is an automated summary. Please rely on the contents included in the released audit report.