Borough of Bear Lake – Warren County – Liquid Fuels Tax Fund for the Period January 1, 2021 to December 31, 2023

The Independent Auditor’s Report for the Borough of Bear Lake, covering January 1, 2021, to December 31, 2023, examined the Liquid Fuels Tax Fund submissions (Forms MS-965 With Adjustments). The audit was conducted in line with standards from the AICPA and Government Auditing Standards. It expressed a positive opinion on the fund’s presentation according to Department of Transportation criteria, though it identified a material weakness due to related authorized check signers. No instances of material noncompliance were found. The audit advised on the timely receipt of allocations and emphasized compliance with statutory requirements for fund use, as stipulated in the Liquid Fuels Tax Municipal Allocation Law. This report’s purpose was to ensure funds were spent lawfully and were not meant to assess other matters like overall compliance or internal controls beyond identified weaknesses. It ends with an invitation for queries directed to the Bureau of County Audits.