# 2023 Audit

- Summary: Overview This document is the Independent Auditor's Report and financial statements for the Borough of Ebensburg, Pennsylvania , covering the fiscal year ended December 31, 2023. The report was…
- Source: Ebensburg Borough
- Published: 2023-12-31
- Captured: 2026-08-10T16:42:10.366Z
- Source URL: https://ebensburgpa.com/wp-content/uploads/2024/04/2023-12-31-Financial-Stmts.pdf
- Content URL: https://ebensburg.site/document/2023-audit/
- Content note: This portable copy is not the official record and may include an automated convenience summary. Verify important details in the original document.

Overview This document is the Independent Auditor's Report and financial statements for the Borough of Ebensburg, Pennsylvania , covering the fiscal year ended December 31, 2023. The report was prepared by Wessel & Company , Accountants & Advisors, based in Johnstown, PA. Audit Opinion Auditor: Wessel & Company conducted the audit in accordance with auditing standards generally accepted in the United States of America (GAAS). Conclusion: The financial statements present fairly, in all material respects, the modified cash basis financial position of the Borough. Basis of Accounting: The statements were prepared using the modified cash basis of accounting, which differs from generally accepted accounting principles (GAAP). Financial Highlights: Highway Aid Fund The document includes specific budget and actual financial data for the Highway Aid Fund (Page 44). Revenue Performance The fund exceeded its budgeted revenue targets: Total Revenues: The actual total was $115,607 , compared to a final budget of $111,910. State Liquid Fuel Tax: Actual receipts were $110,357 (Budget: $108,130). Interest: Actual interest earned was $2,970 (Budget: $1,500). Expenditure Performance Total Operating Expenditures: The actual spending was $130,000 , which is $15,000 under the budgeted amount of $145,000. Public Works: Capital expenditures for public works were recorded at $130,000. Fund Balance Beginning Balance: The fund started the year with a balance of $60,644. Ending Balance: The fund ended the year with a balance of $46,251 . Net Change: Despite the lower ending balance compared to the start, the fund operated with a positive variance of $18,697 against the budget.