Seneca Volunteer Fire Department Relief Association – Venango County – Audit Period January 1, 2023 to December 31, 2024

The compliance audit of the Seneca Volunteer Fire Department Relief Association, covering January 1, 2023, to December 31, 2024, assessed compliance with state laws, contracts, bylaws, and administrative procedures related to state aid and fund expenditure. The audit found the association generally adhered to these regulations. However, an observation noted the association’s cash assets exceeded Federal Deposit Insurance Corporation (FDIC) coverage limits, posing a risk of loss in an FDIC-insured bank failure. The association is advised to monitor assets to ensure they remain within FDIC insurance limits to safeguard funds. This is an automated summary. Please rely on the contents included in the released audit report.