Sellersville Borough Non-Uniformed Pension Plan – Bucks County – Reduced Period Engagement – Period Ended December 31, 2024

The compliance audit of the Sellersville Borough Non-Uniformed Pension Plan was conducted to ensure compliance with the Municipal Pension Plan Funding Standard and Recovery Act. The audit covered transactions from January 1, 2023, to December 31, 2024, to confirm the appropriate handling of state aid, employer and employee contributions, and retirement benefits. It found that, in general, the plan was administered in accordance with relevant regulations and policies. However, the audit identified a notable issue: the late filing of the actuarial valuation report, which was submitted five months past the required March 31, 2024, deadline. This delay can result in withheld state aid financing until compliance is achieved. The issue arose following a turnover of plan officials, leaving current officials uncertain about the cause of the delay. This is an automated summary. Please rely on the contents included in the released audit report.