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

The compliance audit of the Edgmont Township Non-Uniformed Pension Plan in Delaware County, Pennsylvania, was conducted under the Municipal Pension Plan Funding Standard and Recovery Act, focusing on ensuring compliance with state laws and prior audit recommendations. The audit, which covered the period from January 1, 2023, to December 31, 2024, revealed two significant findings. Firstly, the township partially complied with previous recommendations regarding receipt of state aid in excess of entitlement, requiring corrective action as past excess state aid has not yet been fully addressed. Secondly, there was a failure to properly fund a member account, highlighting issues in internal control procedures. Despite these findings, the pension plan otherwise complied with laws and regulations. The report urges the prompt implementation of recommendations, including the repayment of $2,319 of excess state aid received in 2024. The audit results were discussed with township officials, who extended cooperation during the process. This is an automated summary. Please rely on the contents included in the released audit report.