Published December 1, 2025
About This Audit
A compliance audit was conducted for the City of Bradford Municipal Pension Trust Fund for the period of January 1, 2023 to December 31, 2024. The audit evaluated compliance with applicable state laws and regulations in relation to the pension fund’s administration. Two objectives were set: assessing the adequacy of corrective actions for previous findings, and ensuring the fund’s administration adhered to all regulatory requirements. The audit revealed significant compliance, except for one finding involving incorrect data on Certification Form AG 385, which resulted in an overpayment of state aid. The City of Bradford had previously taken corrective action by paying outstanding minimum municipal obligations with interest owed to the police and firemen’s pension plans. The audit was conducted under the authority of Act 205 of 1984 to ensure pension plans receiving state aid were compliant. City officials are responsible for maintaining internal controls to ensure compliance, and the audit findings were discussed with them. This is an automated summary. Please rely on the contents included in the released audit report.