Homer City Borough Police Pension Plan – Indiana County – Reduced Period Engagement – Period Ended December 31, 2024

A compliance audit was conducted on the Homer City Borough Police Pension Plan in Indiana County, Pennsylvania, to ensure administration in compliance with state laws and regulations, as per the Municipal Pension Plan Funding Standard and Recovery Act (Act 205 of 1984). The audit covered the period from January 1, 2024, to December 31, 2024, examining the proper determination and deposition of state aid, calculation and deposition of employer and employee contributions, and the timing and accuracy of the January 1, 2023, actuarial valuation report. The audit concluded that the pension plan was managed in accordance with applicable legal and regulatory requirements. The report included supplementary information for further analysis, although it was not audited for verification. The audit results were reviewed with Homer City Borough officials, who were thanked for their cooperation. This audit underscores the plan’s compliance and effective internal controls. This is an automated summary. Please rely on the contents included in the released audit report.