Patterson Township Non-Uniformed Pension Plan – Beaver County – Reduced Period Engagement – Period Ended December 31, 2024

A compliance audit of the Patterson Township Non-Uniformed Pension Plan was conducted to ensure adherence to state laws, regulations, contracts, administrative procedures, and local ordinances. The audit, covering January 1 to December 31, 2024, assessed the proper determination and deposition of state aid pursuant to Act 205, examined employer contribution compliance, and verified the accuracy of actuarial reports and plan terms. The audit confirmed that the pension plan was managed in accordance with legal and regulatory requirements. The plan’s funding status was analyzed with historical actuarial data showcasing progressive improvement. Township officials maintain internal controls to oversee compliance, while independent audits of the basic financial statements are conducted separately. The results highlighted compliance across the assessed areas, and the report acknowledged the cooperation of township officials during the audit process. This audit provides assurance that the pension plan is administered properly, supporting the financial health of the system and its participants. This is an automated summary. Please rely on the contents included in the released audit report.