Published June 16, 2025
About This Audit
The compliance audit of the Spring Township Police Pension Plan for June 2025, conducted under the authority of the Municipal Pension Plan Funding Standard and Recovery Act (Act 205 of 1984), aimed to assess whether the pension plan adhered to relevant laws, regulations, contracts, administrative procedures, and local ordinances. The audit, covering January 1, 2023, to December 31, 2024, found that the pension plan was generally compliant, except for the failure to deposit the full 2024 state aid allocation into the pension plan. The township received $109,046 in state aid but only deposited $108,139, leaving $907 inappropriately in the general fund. It was recommended that this amount, along with applicable interest, be deposited into the pension plan, and procedures be developed to ensure future compliance. The municipality agreed with the finding. In conclusion, the audit revealed overall compliance with minor exceptions needing correction.