Published May 5, 2025
About This Audit
The independent auditor’s report examines the Township of Lake’s Liquid Fuels Tax Fund for 2023. The municipality’s management presented Form MS-965, and the audit followed American Institute of Certified Public Accountants and Government Auditing Standards. The audit provides assurance that the form is fairly presented according to Pennsylvania Department of Transportation criteria. The report, however, is not meant to assess internal controls or compliance with laws, regulations, or contracts, and disclosed no instances of noncompliance. The Liquid Fuels Tax Fund allocates state taxes for local infrastructure maintenance. Municipalities must adhere to specific reporting and compliance guidelines, including submitting financial reports, maintaining fund integrity, and resolving any holds or discrepancies. The audit ensures proper use of the allocated funds, aligning with laws administered by PennDOT. The report’s purpose is to confirm the municipality’s adherence to regulations and fund management practices. The examination found no material weaknesses in internal control.