Township of Henry Clay – Fayette County – Liquid Fuels Tax Fund for the Period January 1, 2023 to December 31, 2023

The independent auditor examined the Form MS-965 for the Liquid Fuels Tax Fund of the Township of Henry Clay for 2023, as prepared by township management in accordance with specified criteria. The audit identified several findings: undocumented credit card expenditures of $556.77, an excess transfer of $8,387.00 to the General Fund beyond permissible limits, and $4,828.14 spent on unauthorized cinders, later reimbursed. Additionally, prior findings of unapproved funds usage totaling $110,849.47 were noted as unresolved. The audit also highlighted a material weakness due to insufficient documentation supporting expenditures. These deficiencies and noncompliances were reported in the audit, which aimed to determine whether fund usage complied with relevant regulations. The auditor concluded, with exceptions noted, that the financial reporting adhered to required criteria.