Lake Ariel Volunteer Firemen’s Relief Association – Wayne County – Audit Period January 1, 2022 to December 31, 2024

The compliance audit for the Lake Ariel Volunteer Firemen’s Relief Association, conducted from January 1, 2022, to December 31, 2024, assessed the association’s corrective actions from prior findings and its adherence to state laws and administrative procedures related to state aid and fund expenditures. The audit, conducted under Pennsylvania’s legal mandates, was limited to specific objectives and not in line with federal auditing standards. While the association took corrective action on previous audit findings and complied substantially with state regulations, an issue was identified regarding an improper equipment donation transaction, as a 1988 Sutphen Pumper truck was donated without determining or receiving the proper share of its fair value. Despite this, the audit acknowledges positive cooperation from the association. The report, revised in June 2026, was unable to independently verify cash and investment balances, though the records indicated a cash balance of $77,766 and investments valued at $10,648. This is an automated summary. Please rely on the contents included in the released audit report.