Borough of Palo Alto – Schuylkill County – Liquid Fuels Tax Fund for the Period January 1, 2020 to December 31, 2023

The Independent Auditor’s Report for the Borough of Palo Alto’s Liquid Fuels Tax Fund, covering January 1, 2020 to December 31, 2023, was conducted following American Institute of Certified Public Accountants standards. The audit found that the Forms MS-965, detailing fund expenditures, are generally presented accurately, except the Borough lacked documentation for certain 2021 and 2023 expenditures from the fund. This issue was identified as a material weakness in the Borough’s internal controls. Although compliance with applicable laws and regulations was verified, an instance of late receipt of funds was noted. The Liquid Fuels Tax Fund is designated for local road and bridge maintenance, with allocations determined by local road mileage and population. The Department of Transportation oversees the administration of these funds according to prescribed guidelines, but discrepancies must be addressed to ensure future allocations. The report aims to assess proper fund utilization per state laws.