Published September 19, 2025
About This Audit
The Independent Auditor’s Report examines the Liquid Fuels Tax Fund of the Borough of North Wales, Montgomery County, for 2024. The report evaluates Form MS-965 With Adjustments to ensure compliance with guidelines from the Pennsylvania Department of Transportation. The audit followed attestation standards by the American Institute of Certified Public Accountants and Government Auditing Standards, finding the form compliant with necessary criteria. The report assists PennDOT in overseeing funds allocated to municipalities for road and bridge maintenance. To qualify for funds, municipalities must submit specific reports and ensure compliance with regulations. The report outlines fund allocation criteria, expenditures, and procedures for managing Liquid Fuels Tax monies. It was acknowledged that cooperation was extended by the Borough during the examination. The report concludes that the Liquid Fuels Tax Fund is managed in line with statutory and regulatory requirements. This is an automated summary. Please rely on the contents included in the released audit report.