Published April 28, 2025
About This Audit
The independent auditor conducted an examination of the Borough of Springdale’s Liquid Fuels Tax Fund Forms MS-965, covering January 1, 2022, to December 31, 2023. The audit followed standards by the American Institute of Certified Public Accountants and Government Auditing Standards, aimed at assessing whether the forms accurately reflected the funds in compliance with the applicable laws. The audit did not uncover material weaknesses in internal controls, nor significant noncompliance affecting the funds. However, a finding noted that idle funds were held in a noninterest-bearing account. The report ensures the funds are spent according to legal requirements.