Published January 28, 2026
About This Audit
The audit for the Borough of Waterford’s Liquid Fuels Tax Fund covers the period from January 1, 2024, to December 31, 2024. The audit examined the Form MS-965 With Adjustments and found it accurately presented per the Department of Transportation’s criteria. The Liquid Fuels Tax Fund allocates state funds for local road and bridge maintenance, distributed based on proportional road mileage and population. Municipalities must adhere to specific financial practices, including correct fund deposits and compliance with Act 655 to receive allocations. The report details the financial activities related to the fund, emphasizing the importance of submitting accurate annual reports and ensuring compliance to avoid penalties. The audit confirms that the Borough of Waterford maintained its Liquid Fuels Tax Fund in line with legal and regulatory requirements. This is an automated summary. Please rely on the contents included in the released audit report.