Published November 21, 2025
About This Audit
The Independent Auditor’s Report for the Borough of Ashville’s Liquid Fuels Tax Fund covers the period from January 1, 2023, to December 31, 2024. The audit was conducted following American Institute of Certified Public Accountants (AICPA) and U.S. Government Auditing Standards. The auditors examined the Forms MS-965 with adjustments, mainly focusing on compliance with regulations and internal controls. The report reveals certain issues, including a material weakness where authorized check signers are related and over-expenditure on equipment purchases in 2024, which was reimbursed in 2025. This is an automated summary. Please rely on the contents included in the released audit report.