Published May 22, 2025
About This Audit
The independent auditor conducted an examination of the Borough of Woodbury’s Liquid Fuels Tax Fund for the period of January 1, 2023, to December 31, 2023. The Auditor General expressed an opinion that the Form MS-965, with adjustments, was presented in accordance with relevant criteria and standards. The audit was undertaken in line with attestation standards from the AICPA and Government Auditing Standards, aiming to assess the integrity and compliance of the financial report. The auditors did not identify any material weaknesses or significant deficiencies in internal control, nor instances of noncompliance requiring report under these standards. The purpose of the report is to ensure the Liquid Fuels Tax Fund money is spent following the applicable laws and regulations. The audit found that Woodbury’s spending aligns with stipulated requirements, ensuring accountability in the use of allocated state funds for maintaining local infrastructure.