Published February 4, 2026
About This Audit
The independent auditor’s report examined the Borough of McKean’s Liquid Fuels Tax Fund for the year 2024. The responsibility of presenting Form MS-965 with Adjustments lies with the municipality’s management, while the auditors expressed an opinion based on their examination. This audit followed attestation standards set by the American Institute of Certified Public Accountants and Government Auditing Standards. The report confirmed that Form MS-965 with Adjustments represents required information accurately. The Liquid Fuels Tax Fund, allocated to maintain local roads and bridges, is governed by specific Pennsylvania statutes and Department of Transportation guidelines. The audit ensures responsible fund use, compliance with regulations, and records of expenditures, fund balances, and equipment purchases. The report aims to assist PennDOT in its regulatory responsibilities in managing Liquid Fuels Tax funds. Compliance is crucial for receiving future allocations. The audit adhered to ethical guidelines and appreciated the courtesy extended by the Borough. This is an automated summary. Please rely on the contents included in the released audit report.